Sanlorenzo’s revenues from new yachts rose nearly 10% year on year (YoY) according to the company’s financial reports.
The results for the period ending 31 March 2025 show the net revenues from new yachts were €213.5 million, with anEBITDA at €37 million (+8.5% YoY) an a net profit up 8% to €21.2 million.
The company has a backlog of orders standing at €1.2 billion, with 89% sold to final clients and scheduled deliveries up to 2028.
The order intake in Q1 2025 was equal to €178.1 million, up 5.9% compared to Q1 2024.
The increase in net revenues were driven primarily by the Superyacht Division performance (+10.4%) and Nautor Swan Division contribution (€23.8 million).
The results show the Americas saw growth of 40.6%, and there was also a strong performance in Europe (+8.6%).
Yachting landscape
“Our business model – unique in the international yachting landscape and meticulously built around the distinctive values of the Sanlorenzo, Bluegame, and Nautor Swan brands, each positioned at the top of its respective market segment with no overlap – once again translated this quarter into an excellent level of profitability and enviable long-term visibility,” explained Massimo Perotti, chairman and CEO.
“We are consistently reinforcing our leadership in the most profitable and resilient market segments, particularly in the 30 to 50-metre range.
“This segment leverages the strength of a highly sophisticated and affluent client base, combined with a semi-custom production system that ensures superior quality while minimizing project execution risks.”
US tariff
And he added that the company’s positioning mitigates uncertainty related to US tariff policy.
“In Q1, the Americas accounted for approximately 21% of our revenues, yet only 8% was attributable to US passport holders, and less than 5% related to yachts under 30 metres – the category potentially subject to trade restrictions,” he said.
“The Sanlorenzo Group continues along a path of gradual and sustainable growth with strong stability, allowing us to remain optimistic about our future value creation for all stakeholders and to confirm our 2025 guidance.”
