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A strong first half for GYG

Is GYG’s growing new build market share indicative of the superyacht industry’s desire to professionalise?

GYG, the market leading superyacht painting, maintenance and supply company, has announced its unaudited interim results for H1 2019. During Monaco Yacht Show (MYS) 2019, SuperyachtNews spoke exclusively with Remy Millott, CEO of GYG, about GYG’s performance in 2019 and what the future holds for the business.

The interim message is strong,” starts Millott. “The 2019 results show us that our business and the market is getting back to some normalisation. A number of the refits that were pushed back in 2018 are starting to come back. Decisions are being made, bookings seem to be coming in earlier and it feels as though there is a lot more energy around the refit market. In addition, our work in the new build sector, which has seen us go out there and claim a greater market share, has been incredibly well received.”

GYG is a market leading superyacht painting, supply and maintenance company, offering services throughout the Mediterranean, Northern Europe & the USA. The group primarily trades under the Pinmar, Rolling Stock, Technocraft and ACA Marine brands.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.