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Sanlorenzo revenues rise by double-digits

Sanlorenzo saw its net revenues from the sale of new yachts rise by 13.4% in 2023 compared to 2022.

The Italian yacht builder says it saw excellent results across all the Group’s divisions, with performance particularly strong in Europe which accounted for almost 69% of revenues and significant growth in the Middle East and Africa which more than offset the slowdown in the Americas.

“The performance of the year is substantiated by the growth of all the main metrics,” said Massimo Perotti, chairman and CEO.

“Sanlorenzo products are icons of the sea, ambassadors of Made in Italy excellence in the world, the highest expression of quality craftsmanship, design, innovative inspiration as well as technological and execution know-how.

“A unique ability that is enhanced by the clear high-end positioning strategy of our brand, which is not limited to product excellence but is an essential element of all our actions to keep this positioning.”

Net revenues for New Yachts for the year ended 31 December 2023 amounted to €840.2 million, up by 13.4% compared to €740.7 million in 2022.

Sanloreno’s 64Steel

In the fourth quarter, net revenues New Yachts were €214.2 million, up by 8.9% compared to €196.6 million in the same period of 2022.

The Yacht Division drove growth with net revenues New Yachts at €510.6 million, up by 9.9% compared to 2022.

The Superyacht Division generated net revenues New Yachts of €238.3 million, up by 19.0% compared to 2022, led by the steel line and the contribution of the new X-Space.

Bluegame continued to grow, with net revenues New Yachts at €91.3 million, up by 20.2% compared to 2021 with the first sales of BGM75 and the first full year of operation of the BG54 line, the range’s best seller.

The order intake for the fourth quarter 2023, amounted to €207.8 million, was 30% higher compared to the fourth quarter 2022 with orders taken during the year totalling €812.3 million.

The shipbuilder has orders for €454.6 million beyond 2024, with sold deliveries up to 2026 for the Yacht Division and up to 2028 for the Superyacht Division. Bluegame has sold deliveries up to 2025.

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