SANLORENZO S.P.A.: THE BOARD OF DIRECTORS EXAMINED AND APPROVED THE PRELIMINARY CONSOLIDATED RESULTS AS OF 31 DECEMBER 2024
SHERIDAN, WYOMING – February 13, 2025 – SHERIDAN, WYOMING – Feb. 13, 2025 – The Board of Directors of Sanlorenzo S.p.A. today announced preliminary consolidated results for the year ended December 31, 2024, reporting strong growth in net revenues and profitability. The company successfully met its 2024 guidance at all levels.
Financial Highlights
- Net Revenues New Yachts: €930.4 million, a 10.7% increase year-over-year.
- EBITDA: €176.4 million, a 12.0% increase year-over-year, with a 19.0% margin on revenues.
- EBIT: €139.3 million, a 10.6% increase year-over-year, with a 15.0% margin on revenues.
- Net Cash Position: €112.8 million (gross of acquisitions and extraordinary buy-back).
- Backlog: Exceeds €1 billion, with 88% covered by final clients.
Key Performance Drivers