By Olivier Voituriez

The Rodriguez Group has announced that turnover for the 2012/13 financial year ended September 30, 2013 was down 27 per cent to €56.7m compared to €77.8m for the previous financial year.

Turnover from boat sales fell 43 per cent to €28.06m compared to €49.6m. Rodriguez says that its activities suffered from a drop in sales of second-hand yachts, falling from €8.4m in 2011/12 to €3.6m in 2012/13, and by its failure to sell two new units by the end of the financial year.

Services, which included sales from brokers Camper & Nicholsons, generated turnover of €28.7m for 2012/13, up one per cent on the previous year’s €28.3m.

Rodriguez will publish its annual results for 2012/13 on December 13, and announce developments in its discussions with its bankers and the latest developments concerning the Bankruptcy Protection Plan granted by the Commercial Tribunal of Cannes.