News
Starting with an EBITDA of 37.0 million euros (+8.5% Year on year) and net profits of 21.2 million euros (+8.0%), these are perhaps the most anticipated figures of the financial information provided as of 31st March 2025 by Sanlorenzo S.p.A, which, in relation to the results achieved in terms of net revenue from new units, has reported that the growth experienced in the first quarter is driven in particular by the exceptional performance of the Superyacht Division (+10.4%) and the contribution of the Nautor Swan Division (23.8 million euros).
“Our busines model,” commented Massimo Perotti, the Company’s Chairman and Chief Executive Officer and former president of the Italian Marine Industry Association, “is a unique model operating on the international yachting scene, one that is meticulously built around the unique values of the Sanlorenzo, Bluegame and Nautor Swan brands, each positioned at the apex of its market segment and with no overlaps. This translates this quarter into an excellent degree of profitability and enviable visibility as we proceed along our path in the years to come.
“We are continuously reinforcing our global leadership in the most profitable and resilient segments of the market,” continued Perotti, “particularly in the 30 to 50 metre segment, which combines the strength of an extremely sophisticated and wealthy customer base with a semi-custom production system that guarantees quality and that also minimises order risks. This positioning strongly mitigates the uncertainty that can arise from the United States’ tariff policy. In fact, the Americas accounted for about 21% of our turnover in Q1, but only 8% of that figure was for customers with a US passport and less than 5% was for yachts under 30 metres“.
As for the rest of the figures published, the Group’s net profit reached 21.2 million euros, +8.0% compared to Q1 2024, its gross backlog is approximately 1,197.8 million euros as of 31st March 2025, broadly in line with 31st March 2024, while the order intake figure for Q1 2025 reached 178.1 million euros, up +5.9% compared to Q1 2024.
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