News
Net revenue from the sale of new yachts reached a total of 930.35 million euros. This is the first figure that paves the way for a cavalcade of extremely positive results defining a successful 2024 for Sanlorenzo, whose board of directors examined and approved the preliminary consolidated results as of 31st December 2024.
Among the other figures and in addition to the impressive results achieved in new yacht sale revenues, which saw a 10.7% increase compared to what was achieved in 2023 with 840.16 million euros, an accomplishment that remains well in line with the 2024 guidance set between 915 and 950 million euros, another figure to stand out is the increase in adjusted gross operating margin, which rose significantly from the previous year’s 157.84 million to 176.4 million euros (+12%).
Still remaining within the realm of new yacht sales, financial achievements worthy of note are the exceptional performance referring to the Superyacht Division (+17.6% compared to 2023), and the consolidation of 2023 levels by the Yacht Division (+1.8% compared to 2023) and Bluegame (+1.0%), despite the relative weakness of the <24m market segment. In addition, Nautor Swan, which was acquired by Sanlorenzo in early August, contributed a staggering 38.3 million euros to the Group’s revenues in the period from August to December alone.
Organic net investments amounted to 49.3 million euros, representing a stable 5.3% of Net New Revenue, of which over 88% is closely related to the expansion of industrial capacity and the development of new models and product ranges. Net investments attributable to adapting Sanlorenzo for the consolidation of Nautor Swan and Simpson Marine amounted to 138.8 million euros, bringing total net investments for the period to 188.1 million.
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