Sanlorenzo confirms H1 financials 

The Board of Directors of Sanlorenzo S.p.A has approved the consolidated half-year financial report as of 30 June 2025.

“The first half of 2025 reflects the resilience of Sanlorenzo, the strength of our brand, and the timeless desirability of our yachts” says Mr. Massimo Perotti, Chairman and CEO of the company.

“Even in a global environment marked by trade tariff uncertainty and broader macroeconomic pressures, we have delivered stability and measured growth, underpinned by sustainable revenues and healthy margins.

“Our positive trajectory and continued growth are testament to our highly differentiated business model, which provides superior resilience. Our order intake, particularly strong for yachts of 30 metres and above, confirms the vitality of our made-to-measure philosophy, our scarcity-driven model and the success of our strategic entry into sailing with Nautor Swan. This, combined with evidence of continued wealth creation among the highest wealth cohorts, gives us strong confidence in the future and allows us to reaffirm our 2025 guidance.

“Innovation remains the essence of our Maison. At the upcoming Cannes Yachting Festival, we will debut three new Sanlorenzo yachts, alongside new launches from Nautor Swan and Bluegame, showcasing the most complete and coveted monobrand portfolios in their respective segments.

“Further premieres will follow in the final quarter – including a new concept for Sanlorenzo that embodies our pursuit of everlasting beauty and innovation, and the first delivery of the 74Steel – a milestone that embodies Sanlorenzo’s position at the pinnacle of the category, whilst retaining our focus within 2,000GT, where the risk-return profile is strongest, rather than pursuing the segment beyond our sweet spot.”

Financial and operational highlights include:

• Net revenues from the sale of new yachts (“Net Revenues New Yachts”) at €454.1 million, +9.4% compared to €415.1 million in H1 2024.
• EBITDA at €80.5 million, +8.5% compared to €74.2 million in H1 2024, a 17.7% margin on Net Revenues New Yachts, a slight 20 basis point decrease YoY fully attributable to Nautor Swan consolidation.
• EBIT at €59.9 million, +3.2% compared to €58.0 million in H1 2024, a 13.2% margin on Net Revenues New Yachts, discounting a higher D&A incidence of Nautor Swan given legacy investments carried out before the acquisition.
• Group Net Profit at €46.6 million, +7.0% compared to €43.6 million in H1 2024, with a double-digit (10.3%) bottom-line marginality on Net Revenues New Yachts.
• Robust Order Backlog at €1,439.3 million as of 30 June 2025 – 93% already sold to final clients.
• Order Intake at €419.5 million, a 29.9% year-on-year increase compared to €323.0 million of H1 2024, effectively validating the strength of the brand and the high product differentiation in terms of exclusivity, innovation and uniqueness of each unit.
• New SX120 and SL110A launched to media acclaim in July, marking significant expansions of the brand’s most emblematic yacht lines and fully aligned with its product strategy in the 30-50 metre segment, reinforcing Sanlorenzo’s leadership in the sweet spot of the market.
• Bluegame launches the all-new BGF line with foil technology developed by the R&D department, building on the experience gained in the America’s Cup with the BGH-HSV – the world’s first hydrogen-powered chase boat with foils, capable of reaching 50 knots at zero emissions. The BGF45, the first model of the new range, will be unveiled at the Cannes Yachting Festival.