Positive news from Maritimo

Maritimo, finished the financial year on firm ground and is confident that the slowly-improving US export market will continue to gain momentum in 2012/13.

The company has undergone a restructure in the past 12 months that has seen several key executive appointments made, a review of the range of models on offer undertaken, and the release of several new flybridge cruisers and sports yachts.

Success at the Sanctuary Cove International Boat Show in May is hoped to be duplicated at the Sydney International Boat Show where Maritimo will display six vessels. It will release for the first time the M45 flybridge cruiser which has already generated strong enquiry.

Other boats on display will be the M48, the M58 and the Mustang range including the 32, the new 43 and the Mustang 50.

Company founder Bill Barry Cotter said Maritimo was well placed to capitalise on improving conditions internationally. "The strong Australian dollar does nothing to assist exporters, but our new models and strategic marketing strategies are helping to offset that negative," he said.

Maritimo has also recently finalised an agreement with Spencer Ship, a major marine distribution company based in Monaco, which will see the brand promoted throughout Europe, the Middle East, Asia and Africa.

Maritimo’s CEO, Garth Corbitt, said this initiative combined with the strong USA dealer network would produce results as the international economic conditions improved.

In relation to new models he said the M58 flybridge cruiser and the Mustang 43 Sports Yacht had been extremely well received by the market. He said the new M45, being unveiled in Sydney was set to be a stand out model with two vessels selling before the first one was produced.

"We achieved significant sales success at the recent Sanctuary Cove International Boat Show with 12 orders and we hope that momentum will be maintained at the boat show in Sydney," Mr Corbitt said.