Overview Key strengths Key risks Balance-sheet strength provides some cushion against macroeconomic weakness Cyclical recreational vehicle industry will likely face demand volatility during economic slowdown Continuous sales growth in powersports segment, outpacing the industry growth Higher production costs could lead to lower profitability levels Product diversity and consistent new product launches have led to increased market share Highly fragmented and competitive powersports market requiring higher research and development investments S&P Global Ratings anticipates Bombardier Recreational Products Inc. (BRP) could sustain flat to low-single-digit percentage (from our previous expectations of high-single-digit percentage) area topline growth across its product lines over the next 12 months. The decline in growth is driven by softer consumer demand in the international markets from its seasonal,
