Sanlorenzo’s net revenues from the sale of new yachts reached a record level of €930.4 million for the 2024 year, up 10.7% compared to 2023.
And the shipyard had record growth in EBITDA of €176.4 million (+12% YoY) with a 19% revenue margin.
The Group’s net profit was €103.1 million (+11.1% YoY), exceeding the 2024 guidance range.
An order backlog of 88% is covered by final clients, with a net value of €1,019.8 million as of 31 December 2024, of which €623.1 million refers to 2025 and €396.7 million to subsequent years.
During the year, Sanlorenzo acquired Nautor Swan and Simpson Marine. Excluding the impact of Nautor Swan’s consolidation, the EBITDA margin would have expanded by around 45 basis points amounting to 19.2% on net revenues new yachts.
Net investments
The Group has confirmed organic net investments at €49.3 million, with an incidence of 5.3% on net revenues new yachts, of which 89% is to be dedicated to expanding industrial capacity and developing new models and product lines.
“In 2024 we delivered significant strategic milestones, surpassing €100 million net profit threshold, around four times higher compared to 2019, as proof of the effectiveness of our long-term vision,” said Massimo Perotti, chairman and CEO.
“We proudly confirm the complete realization of our objectives with record results, the consolidation of our direct distribution network and entry into the sailing yacht segment.”
He added: “The Group’s solid financial position allows us to continue investing in growth and consolidating our leadership in the most profitable and resilient market segments.”
And he said that the Group’s 2025 guidance reflects a journey of continued sustainable progress.
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