BRP's Proposed Marine Segment Sale Likely Won't Recoup Full Investment -- Market Talk

Dow Jones10-18

0850 ET - BRP won't likely recover the full price of its investment in the ailing marine business, but should recoup some proceeds, according to National Bank of Canada in a report. Analyst Cameron Doerksen says that even in the best of times, the segment struggled to produce better margins, pointing to FY22 when marine generated C$500 million in revenue but only 15% gross margin, only about half of the 28.8% gross margin of the Powersports business. He pegs investment in the business at C$100-C$200 million after it was acquired as one of three businesses in 2018 for a total C$291 million. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

October 18, 2024 08:50 ET (12:50 GMT)

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