The Board of Directors of Sanlorenzo, led by Chairman and CEO Massimo Perotti, recently convened to examine and approve the periodic financial information as of 31 March 2024.
The yacht order backlog remains in the region of €1.2 billion, with a 2024 Guidance coverage of over 70% after only one quarter, and approximately €560 million of net backlog relating to subsequent years.
With scheduled deliveries up to 2028 and 88% already sold to end customer, Sanlorenzo’s sell-in-sell-out dynamics are completely under control confirming its unique business model within the international yachting scene.
“Sanlorenzo starts 2024 with a first quarter performance in line with forecasts and our strategy of sustainable and profitable growth over the long term,” comments Massimo Perotti.
“With the acquisition of Simpson Marine Group closed on 5 March, we have started to work quickly on integration, especially at a commercial level, in terms of optimising the product portfolio but also in the global development of services such as chartering, synergically with the international hubs of Sanlorenzo Group.
“We continuously invest in product innovation, from concept design to the latest green technologies. As proof of the ambitious “Road to 2030”, in March we launched the BGH-HSV – the America’s Cup chase boat with dual foil-fuel cell technology – now undergoing sea trials to be delivery to the New York Yacht Club’s American Magic syndicate.
“At the same time, the 50-metre fuel cells Superyacht is ready for launching on 18 May at the La Spezia shipyard. It is the first in the world with the futuristic Siemens reformer-fuel cell methanol green for the production of 100kw for hotellerie and reduced autonomy in hybrid version, with the only waste product being residual water vapour, 100% sustainable, which returns to the sea.
“In parallel, we invest in strengthening direct distribution and production infrastructures, reinvigorating every day the competitive advantages which underpin our leadership position. The Group maintains, even after acquisitions, enviable equity soundness and liquidity, which will allow us to promptly assess and seize any further opportunities, also in terms of growth by external lines.”
Italian shipyard Sanlorenzo will be making its show debut at this year’s British Motor Yacht Show, 16-19 May 2024.
Throughout the event hosted in Swanwick Marina, Southampton, the expert team at Sanlorenzo Yachts UK with be presenting a beautifully specified Sanlorenzo SL90A which, at 28-metres, will also be the largest yacht on display at the four-day boat show.
“We’re delighted to be bringing one of our stunning Sanlorenzo yachts to the British Motor Yacht Show for the first time,” says Nick Hatfield, Sales Manager at Sanlorenzo Yachts UK.
“We’re inviting prospective Sanlorenzo owners, yachting enthusiasts, and other interested parties onboard for an exclusive tour of this magnificent example of what the shipyard can build.
“It’s a fantastic opportunity to experience the true meaning of customisation and understand Sanlorenzo’s ethos of innovative design, tailored to the requirements and desires of each individual owner.”
Designed by Bernado Zuccon, this elegant SL90A has been exquisitely finished with a light and modern interior using different wood, marble, and fabric textures, providing a refined and dignified decor.
The A in SL90A stands Asymmetric, a bold and innovative internal formation which see the yacht’s port side deck moved up a level to increase the yacht’s interior volume. Expanding the main deck saloon by 10-15 per cent, the tangible connection with the sea through the floor to ceiling windows has been amplified.
Four extremely well-appointed staterooms, each with its own en-suite bathroom, provide ample accommodation for up to eight guests in comfort and style, making the yacht an ideal platform for spending time with the family or entertaining friends.
Built by Sanlorenzo Yacht at its Ameglia base on the Ligurian coast of Italy, this class leading yacht offers a timeless aesthetic, breaking the mould compared to others in her class, while remaining under the important 24-metre hull length.
Also on display will be the Bluegame BG42. Defying convention, this rebellious 13-metre motor yacht harmoniously blends the agility of a motorboat, the comfort of a day cruiser, with the versatility of a chase boat.
The spacious interior boasts a luxurious full-beam master cabin with a king-size bed and a bathroom reminiscent of a 60-footer.
To book a private tour of either of these phenomenal yachts at the show and immerse yourself in Sanlorenzo’s unparalleled design innovation, artisan craftmanship and limitless customisation contact the Sanlorenzo Yachts UK team via [email protected] or +44 (0) 2380 450 001.
From 16 to 28 April, the eighteenth-century courtyard of the University of Milan will be the setting for an installation symbolising Sanlorenzo’s commitment to marine sustainability, featuring the revolutionary BGH-HSV (Hydrogen Support Vessel) project by Bluegame.
The Italian shipyard brings a unique experience to Milan Design Week 2024 as part of the Interni Cross Vision exhibition-event with its installation ‘Sustainable Underwater Balance’ (SUB). Placed in the evocative courtyard of the University of Milan’s eighteenth-century building, ‘SUB’ is a creation of architect Piero Lissoni, Sanlorenzo’s Art Director since 2018.
‘SUB’ invites the audience to explore the underwater world as a symbol of pristine purity and commitment to ocean conservation, enabling a new perspective: the sea seen from within the sea.
The installation is designed to transport visitors to an underwater universe where sunlight dances through the water, creating a magical interplay of light and shadow. In this surreal setting, marine creatures in motion can be admired, symbolising a respectful and sustainable marine ecosystem.
At the heart of the installation lies one of the Sanlorenzo’s latest creations, the revolutionary BGH-HSV (Hydrogen Support Vessel) model by Bluegame, a Sanlorenzo brand.
It represents a highly complex technical and design challenge: a multihull vessel of just 10 metres, capable of reaching speeds of 50 knots and covering a range of 180 miles, with hydrogen-powered foils, embodying the pinnacle of sustainability to date.
The digital reconstruction of BGH during navigation moments, with an underwater perspective, illustrates Sanlorenzo’s commitment to sustainability and marine environment protection.
This underwater world will provide a visual and conceptual framework for reflecting on our relationship with the environment and the importance of adopting sustainable practices for its preservation. Through the use of digital technologies and representation of underwater scenarios, the installation celebrates the innovation and sustainability of Sanlorenzo’s projects, where the coexistence among animals, humans, and vessels is not only possible but can be fluid, peaceful, and devoid of danger.
“This year, together with Sanlorenzo, we brought a slice of the sea to the University,” says Piero Lissoni.
“It’s as if we sliced and placed a block of ocean with everything inside it: marine creatures, waves, swimmers. Amidst this virtual sea, the silhouette of the new Bluegame vessel can be seen. People will be able to walk inside the parallelepiped with walls made of virtual water and not get wet at all.”
Carla Demaria, CEO of Bluegame, comments: “Our vision at Bluegame has always been to combine technological excellence with a deep respect for the marine environment. The BGH-HSV project represents a significant step towards realising this vision.
“We are excited to present to the world this tangible testament to our commitment to maritime sustainability. The use of hydrogen as a propulsion system, an absolute novelty in recreational boating, is a tangible sign of our commitment to reducing emissions and adopting innovative solutions for a more sustainable future”.
The ‘SUB’ installation will be open to the public in the courtyard of the University of Milan’s eighteenth-century building until the 28 April, 2024.
Following the conclusion of its exclusive two-week immersive experience at St Katharine Docks, London, Sanlorenzo Yachts UK is delighted with the reception that the Italian yacht brand has received in the capital.
“Our aim was to increase the exposure of the Sanlorenzo brand in the UK and expand its reach beyond the boating community,” says Nick Hatfield, Sales Manager at Sanlorenzo Yachts UK.
“We’re thrilled with how our immersive experience has been received, with attendees including current clients, prospective owners, brokers and members of the marine and luxury lifestyle press.
“The series of social and networking events we’ve hosted with partners from across the finance and aviation sectors, including Coutts, Close Brothers, Investec and Jetfly, has boosted the overall reach so that Sanlorenzo is now firmly on the map in the UK across both the yachting and UHNW communities.”
Central to the immersive experience was the opportunity to get onboard and explore a brand new 28-metre Sanlorenzo SL90A, a yacht that personifies style and elegance, showcasing the Italian shipyards incredible design innovation and artisan craftmanship.
“The SL90A is a stunning example of what we can build together,” continues Nick. “To truly understand the almost limitless customisation capabilities and how the shipyard creates made to measure yachts that reflect the individual personalities of their owners you need to physically experience one.
“Our event has allowed us to take people around a yacht that embodies the shipyards values and educate them on the difference between being a yacht owner and being an owner of a Sanlorenzo. It’s also allowed us to speak to people who may not have previously considered a yacht, and introduce them to the possibility of creating their own one-of-a-kind floating home from home.
“Through our immersive event, we’ve achieved our primary objective of increasing brand awareness of this remarkable brand in the UK, as well as highlighting how we make the brand more easily accessible, working closely with our customers throughout the entire process of bringing to life their dream yacht, encompassing their lifestyle and entertainment requirements.”
Designed by renowned naval architect Bernado Zuccon and built by Sanlorenzo Yacht at its Ameglia base on the Ligurian coast of Italy, the SL90A is available now, in time for the Mediterranean season.
This beautifully specified yacht is currently on its way from London to Sanlorenzo Yachts UK’s base on the River Hamble at Swanwick, Southampton, where it can be viewed by appointment.
To book your appointment to take a tour of the SL90A and experience Sanlorenzo’s unparalleled Italian style contact the Sanlorenzo Yachts UK team via [email protected] or +44 (0) 2380 450 001
Sanlorenzo’s 2023 consolidated results, which have now been approved by the board, show increased turnover and profitability, demonstrate the strength of the brand with revenue growth set to continue at a sustainable rate in 2024, in line with the company’s strategic targets.
The consolidated results for the year ended 31 December 2023 included:
The Board of Directors has also proposed a dividend of €1.0 per share, equal to about 38% of Group net profit, +52% of 2022 dividend per share.
“The year 2023 confirms the substance of our reality, an icon of Made in Italy that embodies the highest range of ‘made-to-measure beauty’, combining it with the most advanced engineering and technological expertise,” commented Massimo Perotti, Sanlorenzo’s Chairman and Chief Executive Officer.
“A rare gem, which reflects its uniqueness in the quality of the numbers that I am proud to present once again.Today we release the Guidance for 2024, in continuity with the path of harmonious and profitable organic growth we foresee for the long-term.
“The strength of our balance sheet, paired with a cashflow generation on a consistent basis, allow us to take advantage of acquisition opportunities that arise in the market, while remunerating our Shareholders with a solid dividend growth and keeping a robust and balanced financial profile.”
The Sanlorenzo SL90A has arrived in London to take centre stage at the Sanlorenzo Immersive Experience. Taking style and elegance to a new level, this 28-metre yacht is the first from this innovative Italian shipyard to venture up the river Thames to the heart of the capital.
Built by Sanlorenzo Yacht at its Ameglia base on the Ligurian coast of Italy, this tailor-made yacht has a subtle and dignified décor which has been expertly crafted with a light and modern interior using different wood, including Tabu Thia Walnut, marble, and fabric textures.
Beautifully specified and visually enhanced with freestanding furniture from iconic Italian brands including Minotti sofas, a Living Divani coffee table, Casina armchair, and Flos reading lamps. Boasting four extremely well-appointed staterooms, each with its own en-suite bathroom, it can accommodate up to eight guests in refined comfort and luxury.
Designed by renowned naval architect Bernado Zuccon from the cutting-edge Italian design house Zuccon International Project, the SL90A takes her model name from the bold and innovative Asymmetric layout. With the port side deck moved up a level to increase the yacht’s interior volume, the tangible connection with the sea through the floor to ceiling windows has been amplified in the expansive saloon on the main deck.
Available now, this one-of-a-kind yacht is starring at the Sanlorenzo Immersive Experience at St Katharine Docks, 11-24 March 2024.
Hosted by Sanlorenzo Yachts UK in this historic waterfront destination’s Coronarium Building, which has been elevated with the unique Sanlorenzo aesthetic, owners, prospective owners, yachting enthusiasts, and brokers are invited throughout the two-week event to immerse themselves in the shipyard’s design innovation and artisan craftmanship.
“We’re delighted to have one of these incredible made to measure yachts from the forward thinking Sanlorenzo shipyard in the UK,” says Sanlorenzo Yachts UK, Sales Manager, Nick Hatfield.
“It offers us a unique opportunity to welcome people onboard to tangibly experience Sanlorenzo’s extraordinary qualities for themselves. It is a wonderful example of what we can build together.
“Each Sanloreno yacht is a work of art in its own right, with a story to tell, and this immersive event will allow people to really understand what it means to own a Sanlorenzo.”
To book your exclusive tour onboard the magnificent SL90A and immerse yourself in Sanlorenzo’s unparalleled Italian style contact the Sanlorenzo Yachts UK team via [email protected] or +44 (0) 2380 450 001 to book your exclusive tour.
Celebrating the arrival of the magnificent SL90A in the UK, Sanlorenzo Yachts UK is hosting a Sanlorenzo Immersive Experience at the historic St Katherine Docks, 11-24 March 2024.
In a reimagined Coronarium Building at this iconic maritime location, Sanlorenzo owners, prospective owners, yachting enthusiasts, and brokers are invited to immerse themselves in the Italian shipyard’s design innovation, artisan craftmanship and limitless customisation.
“A forward thinking, customer-centric shipyard, Sanlorenzo creates made to measure yachts that are fully tailored to reflect the individual personalities of their owners,” says Sanlorenzo Yachts UK, Sales Manager, Nick Hatfield.
“Each yacht is a unique work of art with its own story to tell and we wanted to create an event which allows people to really understand what it means to own a Sanlorenzo.
“As part of the immersive event, visitors will be able to tangibly experience Sanlorenzo’s unique qualities for themselves by stepping onboard a brand new Sanlorenzo SL90A. This yacht is a stunning example of what we could build together.”
Personifying elegance and style, the recently arrived 28-metre Sanlorenzo SL90A #813 is taking centre stage in the Sanlorenzo Immersive Experience.
Designed by Bernado Zuccon, this beautifully specified SL90A has been personalised with a light and modern interior using different wood, marble, and fabric textures, providing a subtle and dignified decor. And with four extremely well-appointed staterooms, each with its own en-suite bathroom, up to eight guests can be accommodated in refined comfort.
Taking her model name from the bold and innovative Asymmetric designed layout, the SL90A’s port side deck has been moved up a level to increase the yacht’s interior volume. With the saloon on the main deck now expanded by 10-15 per cent, it’s been possible to amplify the tangible connection with the sea through the floor to ceiling windows.
Equipped with twin MAN 2000hp diesel engines giving a cruising speed of 25 knots, a 1100nm range can be achieved when travelling at 10 knots (eco cruising speed).
Built by Sanlorenzo Yacht at its Ameglia base on the Ligurian coast of Italy, this tailor-made yacht breaks the mould compared to others in her class, while remaining under the important 24-metre hull length.
One of a kind, this yacht is also available now, just in time for the season in the Mediterranean.
Following its starring role in London, the SL90A will journey back to Southampton, where she will be available for private viewings with the Sanlorenzo Yachts UK team in Swanwick Marina.
To immerse yourself in Sanlorenzo’s unparalleled Italian style contact Sanlorenzo Yachts UK via [email protected] or +44 (0) 2380 450 001 to book your exclusive tour.
Sanlorenzo has taken another significant step in reducing its carbon footprint by partnering with Axpo Energy Solutions Italia (an Energy Service Company within the Axpo Group) to establish three new photovoltaic plants at the sites in Ameglia, La Spezia, and Viareggio.
With a total capacity of 1.5 MW, complementing the existing 500 kW at Sanlorenzo’s facilities, these new plants will lead to a reduction of over 600 tons of CO2 emissions per year. The group also plans to further increase the installed capacity to 3.1 MW by the end of 2024.
With sustainability firmly at the core of its growth strategy, Sanlorenzo consistently invests in innovation to minimise the environmental impact of its operations, from material selection to propulsion systems and manufacturing processes. The shipyard is managing the energy transition through strategic collaboration with global players who specialise in the development of energy efficiency, renewable projects, and electric mobility.
This project represents a strategic investment for the company. Ferruccio Rossi, Group General Manager & President Sanlorenzo Superyacht, explains: “The installation of photovoltaic plants in Ameglia, La Spezia, and Viareggio is a significant step forward in our decarbonisation journey. The transition to renewable energy underscores our commitment to reducing the environmental impact of production activities. By harnessing solar energy, we contribute to lowering greenhouse gas emissions and promoting sustainable energy supply.
“For Sanlorenzo, this is a strategic investment aligning with the company’s social and environmental responsibility goals, demonstrating a long-term vision oriented towards sustainability.”
Sanlorenzo’s business philosophy and future vision of sustainable development are shared by Axpo and form the basis of this successful partnership. “Excellence and sustainability are principles that can help businesses appropriately address the challenges of the ecological transition,” comments Marco Garbero, General Manager of Axpo Energy Solutions Italia.
“We believe that the collaboration with Sanlorenzo is a tangible manifestation of this vision, showcasing the potential of the green economy as an opportunity to generate unprecedented synergies between companies in different sectors.
“We are pleased to accompany Sanlorenzo, a Made in Italy brand appreciated worldwide, on its journey towards increasingly integrated sustainability in products and processes, leveraging photovoltaic technology. As AESI, we aim to continue in this direction, promoting the adoption of renewable sources and energy efficiency as drivers for the development of the country’s system.”
Following a stellar reception at boot Dusseldorf 2024, the stunning 28-metre Sanlorenzo SL90A is on its way to the UK.
After arriving in Southampton, it will journey to London where it will become the first yacht from the shipyard to grace the river Thames before berthing at the historic St Katharine Docks.
While it’s based at this iconic maritime location, Sanloreno Yachts UK will be inviting prospective owners onboard for an exclusive tour of the magnificent SL90A. It’s a unique opportunity to experience the true meaning of customisation, underpinned by style and elegance.
Designed by Bernado Zuccon, this beautifully specified SL90A has been personalised with a light and modern interior using different wood, marble, and fabric textures, providing a subtle and dignified decor. And with four extremely well-appointed staterooms, each with its own en-suite bathroom, up to eight guests can be accommodated in refined comfort.
Taking its model name from its bold and innovative Asymmetric internal formation, the SL90A’s port side deck has been moved up a level to increase the yacht’s interior volume. With the saloon on the main deck now expanded by 10-15 per cent, it’s been possible to create a tangible connection with the sea through the floor to ceiling windows.
Equipped with powerful twin MAN 2000hp diesel engines a cruising speed of 25 knots is attainable, while a 1100nm range can be achieved when travelling at 10 knots (eco cruising speed).
Built by Sanlorenzo Yacht at its Ameglia base on the Ligurian coast of Italy, this tailor-made yacht breaks the mould compared to others in her class, while remaining under the important 24-metre hull length.
One of a kind, this yacht is available now.
For a limited time only, interested parties can come and immerse themselves in the SL90A’s unparalleled style by booking a private tour onboard with our expert team via [email protected] or call +44(0)2380 450 001
Sanlorenzo and leading power solutions provider have announced a partnership to bring Volvo Penta’s IPS Professional Platform to two new Sanlorenzo yachts, the SX120 and the SX132.
Volvo Penta IPS Professional Platform is a first in the marine industry and an example of cutting-edge engineering, integrating seamlessly into Sanlorenzo’s visionary yacht design. The platform is the latest evolution in Volvo Penta’s fully integrated experience, from helm to propellers. Set up for the combined use of energy sources, from combustion engines using renewable fuels to fully electric or hybrid solutions, it ensures greater efficiency by optimising energy use in real time based on cruising needs.
The SX120 and the SX132 are expected to launch in 2025 and 2027 respectively and will be the first superyachts installed with the IPS Professional Platform.
“When adopting new solutions into superyachts, we must always consider the experience of owners and the captain,” says Johan Inden, President of Volvo Penta Marine. “The IPS Professional Platform not only delivers new levels of efficiency and flexibility but also elevates the yachting experience through the fully integrated helm-to-propeller platform. Intelligent features combined with the platform’s unique design provide additional comfort and peace of mind. Our collaboration with Sanlorenzo marks a new journey towards decarbonisation in the yachting sector. We’re excited to see the launch of the first IPS Professional Platform-equipped superyacht in 2025.”
Driving Industry Innovation and Transformation
This latest collaboration between Sanlorenzo and Volvo Penta symbolises an evolution in the companies’ ongoing journey together to drive transformation across the marine industry. The two companies will deliver a seamless onboard experience through increased precision and quieter operation. The unique and compact design of the IPS Professional platform frees up valuable onboard space and reduces perceived noise by up to 50%. Additionally, the forward-facing propeller design and efficient dual power input reduce vibration levels on board.
The Future of Sustainable Yachting
Both Sanlorenzo and Volvo Penta are committed to accelerating sustainability goals and the decarbonisation of the marine industry, with the companies are dedicated to exploring multiple solutions and paths including renewable fuels, hybrid and electric technology, fuel cells, and efficiency-driven innovations in yacht and propulsion design. The introduction of the IPS Professional Platform into Sanlorenzo’s tailor-made yachts is one of the latest efforts by Volvo Penta to integrate sustainability into a seamless experience.
Consistent with the course mapped out in its ‘Road to 2030’ strategy, Sanlorenzo has set the goal of launching the first 50 Steel equipped with a modular Reformer Fuel Cell system, capable of transforming green methanol into hydrogen and then into electricity to power all hotellerie equipment, and eventually recharge batteries, without the hydrogen being stored on board. By the end of the decade, Sanlorenzo aims to launch the first superyacht powered solely by green methanol.
Massimo Perotti, Executive Chairman of Sanlorenzo, comments: “The wishes of the customer have always been a fundamental part of Sanlorenzo’s philosophy. We begin at the intersection of technology and sustainability, combining the latest industry innovations with custom features and design that reflect the customer’s individual style. As the marine industry moves toward decarbonisation, we continue to pursue a premier experience that adheres to our vision of a sustainable future. Sanlorenzo is proud to produce the first custom yachts equipped with the all-new IPS Professional Platform and contribute to the journey of decarbonising the marine industry.”
