Sanlorenzo has finalised its 2024 financials with record-breaking results, confirming significant growth in revenue and profitability.
These impressive numbers were released following its board meeting on 10 March 2025, where the company’s board of directors also outlined the firm’s 2025 guidance, which reflects continued growth despite economic and geopolitical uncertainties.
Key Highlights from 2024 results:
Strong Performance and Future Growth
Sanlorenzo’s 2024 performance was boosted by demand for its latest yacht models and a growing international presence. The Americas region showed a significant rebound, contributing 15.8% of total revenue (up from 11% in 2023), while the Middle East and Africa grew to 13.1% of revenue (up from 9.3%).
New models like the SP92, SL86-Asymmetric, and the SD132 — Sanlorenzo’s first composite yacht over 40-metres — helped drive growth in the yacht division. The superyacht division also saw growth driven by the Steel line, particularly the 50Steel HER (Hidden Engine Room) model. The Bluegame division remained stable despite ‘challenging conditions’ in the sub-24-metre segment.
Healthy Backlog and Confident 2025 Outlook
Sanlorenzo ended the year with an order backlog of €1.02 billion, with 88% of orders coming from final clients. Of this, €623.1 million is scheduled for 2025, while €396.7m relates to subsequent years, providing long-term revenue visibility. The order intake for the fourth quarter of 2024 reached €230.2m, an 11% increase over the same period in 2023.
Looking ahead, Sanlorenzo’s guidance anticipates net revenues of between €960 million and €1.02 billion in new yacht sales in 2025 — a projected increase of around 6%. EBITDA is forecasted to reach between €178 million and €194 million, with EBIT expected to land between €139 million and €149 million.
Commitment to Sustainability and Innovation
In addition to financial performance, Sanlorenzo approved its 2024 Consolidated Sustainability Report, marking its first structured reporting under Italian Legislative Decree No. 125, which transposes the European Union’s Corporate Sustainability Reporting Directive (CSRD) into Italian law.
Massimo Perotti, Chairman and Chief Executive Officer of the Company, commented:
“In 2024, we delivered significant strategic milestones, surpassing €100 milion net profit threshold, around four times higher compared to 2019, as proof of the effectiveness of our long-term vision. We proudly confirm the complete realisation of our objectives with record results, the consolidation of our direct distribution network and entry into the sailing yacht segment.
“The Group’s solid financial position alows us to continue investing in growth and consolidating our leadership in the most profitable and resilient market segments. Today’s presentation of the 2025 Guidance, in the current macroeconomic and geopolitical environment, reflects a journey of continued sustainable progress. This trajectory is further strengthened by the evolution of our industrial model, leveraging strategic acquisitions that continue to enhance the appeal of our product range.
“These important milestones further differentiate our unique positioning as a global icon of ‘beauty made-to-measure’, seamlessly combined with cutting-edge technological expertise, within a solid and well-established business model aimed at gradual and sustainable growth over the medium-long term.”