Yacht manufacturer SanLorenzo approved preliminary results for 2023 with net revenues of 840.2 million euros, up 13.4% compared to 740.7 million in 2022. In the fourth quarter, revenues amounted to 214.2 million (+ 8.9%).
The Yacht division recorded revenues of 510.6 million (+9.9%) while for the Superyacht division they stood at 238.3 million (+19.0%).
Gross operating margin (Ebitda) amounted to 157.5 million, up 21.5% compared to 129.6 million in 2022. Organic net investments amounted to 44.5 million, of which approximately 90% related to capacity expansion industry and the development of new models and product ranges.
On the orders front, a net backlog of 1.04 billion was recorded, compared to 1.07 billion at 31 December 2022, of which 587.1 million referring to 2024 and 454.6 million for subsequent years, continuing to "ensure a high level of visibility over a broad time horizon".
"Reliability, seriousness, commitment and transparency, keeping the bar straight towards our objectives. These are the values that have always guided the Sanlorenzo Group, which today presents the preliminary results for 2023, hitting the guidance already increased on the occasion of the approval of the results of the first half of the year", he states Massimo Perotti, president and CEO of the company.
"The performance of the year - he adds - is substantiated in the growth of all the main indicators - at the income and equity level, as well as in terms of the constant ability to generate new cash to support future investments and the remuneration of our shareholders".
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