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    DOO   CA05577W2004

BRP INC.

(DOO)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-28 pm EDT
88.60 CAD   +4.00%
09/26BRP Names Chief Information Officer, Creates Low Voltage and Human Assisted Group
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09/26BRP Inc. Brief: Details Executive Appointments and Creation of New Low Voltage and Human Assisted Group
MT
09/26Brp executive appointments and creation of new low voltage & human assisted group
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BRP COMPLETES THE ACQUISITION OF GREAT WALL MOTOR AUSTRIA

07/27/2022 | 11:30am EDT

VALCOURT, QC,  July 27, 2022 /CNW Telbec/ - BRP Inc. (TSX:DOO; NASDAQ:DOOO) announced today that it has completed the previously announced acquisition of Great Wall Motor Austria GmbH, a subsidiary of Great Wall Motor.  

This leading EV R&D centre based in Kottingbrunn, Austria, specializes in e-drive systems and transmissions.

BRP-Rotax is pleased to welcome these new highly skilled colleagues and looks forward to joining forces with them. Together, they will work on building the BRP EV technology for existing product lines and upcoming product introductions.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain information included in this release, including, but not limited to, the anticipated benefits associated with the completion of this acquisition, the Company's business and strategic plans, and other statements that are not historical facts, are "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP's annual information form dated March 24, 2022.

About BRP

We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

Cision
View original content:https://www.prnewswire.com/news-releases/brp-completes-the-acquisition-of-great-wall-motor-austria-301594475.html

SOURCE BRP Inc.

© Canada Newswire, source Canada Newswire English

All news about BRP INC.
09/26BRP Names Chief Information Officer, Creates Low Voltage and Human Assisted Group
MT
09/26BRP Inc. Brief: Details Executive Appointments and Creation of New Low Vo..
MT
09/26Brp executive appointments and creation of new low voltage & human assisted group
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09/26BRP Inc. Announces Creation of New Low Voltage & Human Assisted Group
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09/26BRP Inc. Appoint Executives
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Analyst Recommendations on BRP INC.
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Financials
Sales 2023 9 781 M 7 145 M 7 145 M
Net income 2023 920 M 672 M 672 M
Net Debt 2023 1 800 M 1 315 M 1 315 M
P/E ratio 2023 7,81x
Yield 2023 0,72%
Capitalization 6 975 M 5 095 M 5 095 M
EV / Sales 2023 0,90x
EV / Sales 2024 0,77x
Nbr of Employees 20 000
Free-Float 44,9%
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Mean consensus BUY
Number of Analysts 17
Last Close Price 88,60 CAD
Average target price 133,20 CAD
Spread / Average Target 50,3%
EPS Revisions
Managers and Directors
José Boisjoli Chairman, President & Chief Executive Officer
Sébastien Martel Chief Financial Officer
Thomas Uhr Chief Technology Officer
Edward M. Philip Independent Non-Executive Director
Estelle Métayer Independent Non-Executive Director
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