Report

Update: Sea change

Sealegs (SLG) reported better than expected H1 results, driven by tighter cost management and increased sales from the higher-margin amphibious enablement systems (AES) and B2B sales to hull manufacturers. Since reappointing founder David McKee Wright as CEO in November 2014, the Auckland-based company has focused on developing a licensing strategy for its amphibious enablement systems, which we see as a significant game-changer for Sealegs. The company has recently passed a number of milestones including producing its 1,000th amphibious boat, the launch of its nine-metre Interceptor and the IKA11 aimed at the international military market.
Underlying
Future Mobility Solution

Future Mobility Solutions is engaged in the manufacture of amphibious marine craft. Co.'s operations are conducted in New Zealand.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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