Overview

Leader in the luxury yachting sector

Sanlorenzo is a global operator specialised in the design, production and sale of made-to-measure yachts, superyachts, fitted out and customised according to the requests and desires of an exclusive clientele.

Sanlorenzo is the only player in the sector operating under a single brand, both in the market for yachts between 24 and 38 metres in length, where it has operated since its establishment in 1958, and in the market for metal superyachts of more than 40 metres.

The uniqueness of the product, the timeless design, the constant innovation, always respectful of the Sanlorenzo’s iconic style, the loyalty of customers, the partnerships with world-renowned designers, the strong connection with art and culture have allowed the Group to establish itself as a leader in the luxury boating market, which recognises the Sanlorenzo brand as a symbol of excellence and exclusivity.

Yacht Division

Composite yachts from 24 to 38 metres in length

Superyacht Division

Superyachts in aluminium and steel from 40 to 68 metres in length

Bluegame Division

Composite sport utility yachts from 13 to 22 metres in length

The business model

The business model is based on the construction of a limited number of yachts per year, taking care of every detail and relying on a supply chain of over 1,500 highly qualified artisan contractors, mostly located in the Upper Tyrrhenian Sea nautical district, with which the Group maintains long-standing relationships.

The production activities are carried out in four sites situated in La Spezia, in Ameglia (SP), on the banks of the river Magra, in Viareggio (LU) and in Massa. The shipyards are strategically located within a 50 kilometres radius, so as to allow significant operational synergies.

The Group employs over 500 people and can rely on a global distribution and service network.

Financial highlights

(IN MILLION € AND MARGIN AS % OF NET REVENUES NEW YACHTS) 2016 2017 2018 2019 2020
Net revenues from the sale of new yachts 221.7 231.0 327.3 455.9 457.7
Adjusted EBITDA(1) 30.0 28.9 38.1 66.0 70.6
Adjusted EBITDA margin(1) 13.5% 12.5% 11.6% 14.5% 15.4%
Group net profit 11.5 10.2 12.4 27.0 34.5
Investments 9.3 18.5 46.3 51.4 30.8
Net financial position(2) 41.4 36.3 23.0 9.1 -3.8

(1) Excluding non-recurring items
(2) If negative, indicating a net cash position

Evolution of net revenues from the sale of new yachts

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International presence

The map shows the consolidated net revenues from the sale of new yachts by geographical area in 2020.
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