Log in
Log in
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. BRP Inc.
  6. News
  7. Summary
    DOO   CA05577W2004


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
09/26BRP Inc. Brief: Details Executive Appointments and Creation of New Low Voltage and Human Assisted Group
09/26Brp executive appointments and creation of new low voltage & human assisted group
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news


08/15/2022 | 07:13am EDT


VALCOURT, Quebec, August 15, 2022 - BRP Inc. (TSX:DOO; NASDAQ:DOOO) reports that the Company's efforts to restore systems and business operations are continuing following the recent cyberattack.

Today, BRP manufacturing sites in Valcourt (Canada), Rovaniemi (Finland), Sturtevant (USA) and Gunskirchen (Austria) are ramping up production activities and expect to be fully operational on August 16, 2022. The rest of the production sites are planning to resume operations over the course of the week in a phased approach.

BRP's team, with the assistance of external advisors, are currently working to restore all internal systems from its back-up repositories. The Company confirms that the malware infiltration came through a third-party service provider. BRP believes that the impact of the cyberattack was limited to its internal systems.

At this time, while the investigation is still ongoing, it has not revealed any evidence that its clients' personal information would have been affected by the attack. As such, at this stage, BRP expects that the impact of this incident from a data privacy perspective should be limited. Should the circumstances change, BRP would directly contact individuals or corporations impacted.

"Cybersecurity at BRP is a top priority. We have a strong team of experts committed to taking every appropriate measure to ensure the integrity of systems and data," said José Boisjoli, President and CEO of BRP. "I thank them for all their efforts to mitigate the consequences of the attack."

BRP has put in place a recovery plan to minimize the financial consequences of the cyberattack and does not anticipate any impact on its year-end financial guidance.

Caution concerning forward-looking statements

Certain information included in this release, including, but not limited to, statements relating to the resumption of operations at various BRP sites, the timing of such activities, the fact that the impact from this cyberattack was limited to its internal systems, was limited from a data privacy perspective, the Company's ability to mitigate financial consequences due to this cyberattack, and its lack of impact on its financial-year end guidance and statements about the Company's current and future 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

Page 2

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.



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.


For media enquiries: For investor relations:
Biliana Necheva Philippe Deschênes
Media Relations Investor Relations
media@brp.com Tel.: 450.532.6462



BRP Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 11:12:08 UTC.

© Publicnow 2022
All news about BRP INC.
09/26BRP Names Chief Information Officer, Creates Low Voltage and Human Assisted Group
09/26BRP Inc. Brief: Details Executive Appointments and Creation of New Low Vo..
09/26Brp executive appointments and creation of new low voltage & human assisted group
09/26BRP Inc. Announces Creation of New Low Voltage & Human Assisted Group
09/26BRP Inc. Appoint Executives
09/23UBS Reiterates Buy Rating on BRP, Cuts Target to $173
09/20Brp introduces uncharted society in canada
09/15UBS Reviews BRP -- Maintains $191 Target and Buy Rating
09/15BRP Buy Rating Reiterated at Stifel GMP Following FQ2 Results; Price Target Kept at C$1..
09/15BNP Paribas Exane Adjusts BRP Price Target to CA$123 From CA$152, Maintains Outperform ..
More news
Analyst Recommendations on BRP INC.
More recommendations
Sales 2023 9 781 M 7 145 M 7 145 M
Net income 2023 920 M 672 M 672 M
Net Debt 2023 1 800 M 1 315 M 1 315 M
P/E ratio 2023 7,81x
Yield 2023 0,72%
Capitalization 6 975 M 5 095 M 5 095 M
EV / Sales 2023 0,90x
EV / Sales 2024 0,77x
Nbr of Employees 20 000
Free-Float 44,9%
Chart BRP INC.
Duration : Period :
BRP Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BRP INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 17
Last Close Price 88,60 CAD
Average target price 133,20 CAD
Spread / Average Target 50,3%
EPS Revisions
Managers and Directors
José Boisjoli Chairman, President & Chief Executive Officer
Sébastien Martel Chief Financial Officer
Thomas Uhr Chief Technology Officer
Edward M. Philip Independent Non-Executive Director
Estelle Métayer Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BRP INC.-22.97%4 886
POLARIS INC.-8.93%5 961
LCI INDUSTRIES-35.50%2 615
YETI HOLDINGS, INC.-63.83%2 582