Oyster Yachts revenue up 53% in fourth year of turnaround

British sailing yacht brand Oyster Yachts has reported £39.4 million in revenue for the fiscal year ending 31 March 2022, up 53 per cent from £25.7 million the previous year. 

Richard Hadida explained in his chairman's report that the year's uptick in demand was the result of several new models being released, including the Oyster 595 with nearly 20 units sold so far (the fastest-selling Oyster of all time), as well as the Oyster 495 with 17 hulls sold by the close of 2022. With an order book reaching into 2025, Hadida estimates that new build production revenue across all four of Oyster's main facilities will grow more than 30 per cent in 2023.