sanlorenzo yacht turnover

• Sanlorenzo Range
• Bluegame Yachts
• News & Events

Sanlorenzo 2023 consolidated results demonstrate strength of the brand

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:

• Net revenues from the sale of new yachts (Net Revenues New Yachts) confirmed at €840.2 million, +13.4% compared to 2022
• EBITDA confirmed at €157.5 million, +21.5% compared to 2022, margin on Net Revenues New Yachts equal to 18.7%, +120 basis points – this marginal expansion reflects the unique market positioning of the brand, the ongoing desirability of the yachts, paired with supply scarcity, a specific part of the Sanlorenzo business model
• EBIT at €125.9 million, +22.5% compared to 2022, margin on Net Revenues New Yachts equal to 15.0%, +110 basis points, exceeding 16% in both Q3 and Q4 and reflecting an optimised fixed asset base in relation to the generated operating profit, notwithstanding the continuous expansionary capex carried out to sustain future growth
• Group net profit at €92.8 million, +25.2% compared to 2022, also exceeding the top of the range of 2023 Guidance (€86-89 million), owing to an increasingly optimised treasury management. Margin on Net Revenues New Yachts equal to 11.1%, +110 basis points
• Organic net investments confirmed for €44.5 million, a 5.3% incidence on Net Revenues New Yachts, of which 90% are expansionary, dedicated to production capacity increase and to develop new models and lines
• Net cash position confirmed at €140.5 million as of 31 December 2023. Strong cash generation equal to €40.2 million, net of €22.9 million dividends distribution, €3.3 million share buy-back, €44.5 million organic net investments, as well as €11.3 million impact on NFP from the consolidation of Duerre and Sea Energy. Therefore, NFP, on a like-for-like basis, would amount to €151.8 million
• Net backlog equal to €1,041.7 million as of 31 December 2023, 90% sold to final clients, of which €587.1 million referring to 2024 and €454.6 million to following years, providing a high level of visibility over a broad timeframe.

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.”

Discover More – Contact Us

English (USA)

English (UK)

English (Canada)

English (India)

Deutsch (Deutschland)

Deutsch (Österreich)

Deutsch (Schweiz)

Français (France)

Français (Suisse)

Nederlands (Nederland)

Nederlands (België)

Svedese (Svezia)

• Top Capitalization
• United States
• North America
• Middle East
• Sector Research
• Earnings Calendar
• Equities Analysis
• Most popular
• TRUMP MEDIA & TECHNOLOGY GROUP CORP.
• AMD (ADVANCED MICRO DEVICES)
• NIPPON ACTIVE VALUE FUND PLC
• TESLA, INC.
• NOVO NORDISK A/S
• NVIDIA CORPORATION
• Index Analysis
• Indexes News
• EURO STOXX 50
• Currency Cross Rate
• Currency Converter
• Forex Analysis
• Currencies News
• Precious metals
• Agriculture
• Industrial Metals
• Livestock and Cattle
• CRUDE OIL (WTI)
• CRUDE OIL (BRENT)

• Yield Curve
• Developed Nations
• Emerging Countries
• South America
• Analyst Reco.
• Capital Markets Transactions
• New Contracts
• Profit Warnings
• Appointments
• Press Releases
• Security Transactions
• Earnings reports
• New markets
• New products
• Corporate strategies
• Legal risks
• Share buybacks
• Mergers and acquisitions
• Call Transcripts
• Currency / Forex
• Commodities
• Cryptocurrencies
• Interest Rates
• Asset Management
• Climate and ESG
• Cybersecurity
• Geopolitics
• Central Banks
• Private Equity
• Business Leaders
• All our articles
• Most Read News
• All Analysis
• Satirical Cartoon
• Today's Editorial
• Crypto Recap
• All our investments
• Asia, Pacific
• Virtual Portfolios
• USA Portfolio
• European Portfolio
• Asian Portfolio
• My previous session
• My most visited
• Trend-Following Stocks
• Multibaggers
• Dividend Aristocrats
• Dividend Kings
• Yield stocks
• Serial buyers
• Strategic Metals
• Unusual volumes
• New Historical Highs
• New Historical Lows
• Top Fundamentals
• Sales growth
• Earnings Growth
• Profitability
• Rankings Valuation
• Enterprise value
• Top Consensus
• Analyst Opinion
• Target price
• Estimates Revisions
• Top ranking ESG
• Environment
• Visibility Ranking
• Stock Screener Home
• Quantum computing
• The Vegan Market
• Semiconductors
• Oversold stocks
• Overbought stocks
• Close to resistance
• Close to support
• Accumulation Phases
• Most volatile stocks
• Top Investor Rating
• Top Trading Rating
• Top Dividends
• Low valuations
• All my stocks
• Stock Screener
• Stock Screener PRO
• Portfolio Creator
• Event Screener
• Dynamic Chart
• Economic Calendar
• Our subscriptions
• Our Stock Picks
• Thematic Investment Lists

Sanlorenzo S.p.A.

It0003549422, recreational products.

Sanlorenzo, "record-breaking" backlog and indicators up for nine months

(Alliance News) - Sanlorenzo Spa reported Friday that it made a profit of EUR79.2 million in the first nine months of the year, up 9.0% from EUR66.9 million in the same period of 2023.

Net revenues from the sale of new yachts rise to EUR669.0 million, an improvement of 6.9% from EUR626.0 million in the nine months of 2023.

Ebitda rises to EUR123.6 million, up 8.6% from EUR113.8 million in the same period of 2023.

Ebit is EUR97.5 million from EUR91.3 million, up 6.8 percent year-on-year.

Net cash position is EUR27.2 million compared to net cash of EUR140.5 million as of Dec. 31.

The 90 percent gross backlog on sales to end customers was EUR1.72 billion as of Sept. 30, "the highest level ever," the note said, thanks to an increase of EUR355 million in the third quarter.

Considering the gross backlog within the year of EUR876 million, the coverage level of the net new revenue guidance of EUR915-950 million is expected at 94 percent of mid-point, while EUR844 million of backlog relates to subsequent years.

The net backlog stands at EUR1.05 billion, with a ratio to net new revenue guidance above 1.1x, compared to a normal pre-Covid level in the 0.8x-0.9x range.

The company confirmed guidance for net new revenues, Ebitda, Ebit, and net income, along with capital expenditures, both on an organic basis and on a consolidated basis that includes the five-month contribution from Swan.

However, in light of the reabsorption of net working capital already acquired as of Sept. 30, which occurred more abruptly than budgeted at the beginning of the year, the company has revised the organic guidance for NFP into the EUR110-120 million range from EUR160-170 million originally budgeted.

Sanlorenzo is down 1.0 percent to EUR22.85 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.

Contact us to request a correction

Latest news about Sanlorenzo S.p.A.

Chart Sanlorenzo S.p.A.

Company Profile

Income Statement and Estimates

Analysts' consensus, quarterly revenue - rate of surprise.

• Stock Market
• News Sanlorenzo S.p.A.
• Sanlorenzo, "record-breaking" backlog and indicators up for nine months

• Il Quotidiano

In Evidenza

• Leggi il quotidiano
• Esercizi di Stile
• Italian Tech
• Moda & Beauty
• Specchio dei Tempi
• TorinoSette
• TuttoScienze
• Vatican Insider

Edizioni Locali

• Alessandria
• Imperia e Sanremo
• Verbano Cusio Ossola

La voce de La Stampa

• Audioarticoli
• Abbonamenti
• Archivio Storico
• Scrivi alla redazione
• Pubblicità
• Dati Societari

Sanlorenzo, utile 9 mesi sale a 73 milioni di euro. Backlog lordo record

Titoli Trattati:

Leggi anche.

• 13/09/2024 Sanlorenzo, acquistate azioni proprie per oltre 2,88 milioni di euro
• 06/11/2024 Cassa di Risparmio di Orvieto, utile 9 mesi sale a 9,3 milioni di euro

Notizie Finanza

• 08/11/2024 Mattarella incontra Xi Jinping: Cina interlocutore importante per l'Italia
• 08/11/2024 Alkemy, Retex ha acquistato sul mercato l'1% del capitale sociale
• 08/11/2024 OPA Salcef, offerente supera soglia del 95%. Delisting più vicino
• 08/11/2024 Ucraina, Orban: Usa usciranno dal conflitto, Ue non può finanziare Kiev da sola

Calcolatori

• Sanlorenzo Americas
• Americas Events
• Ready to go
• Español
• Corporate Site
• Non-Financial Statement
• Sanlorenzo Academy
• Certifications
• Product commitment
• Commitment to the production process
• Membership with foundations and asso [..]
• Bond with the local community
• Life Mystic Project
• Corporate Governance Model
• Board of Directors
• Internal Committees
• Board of Statutory Auditors
• Auditing Firm
• Shareholders’ Meeting
• Increased Voting Right
• Model 231 and Code of Ethics
• Internal dealing
• Documents and procedures
• Whistleblowing
• Share price
• Financial press releases
• Financial results and documents
• Conferences and presentations
• Financial Calendar
• Share capital and main shareholders
• Press Releases
• Ferretti 810
• Princess 60
• Sanlorenzo Charter Fleet
• Spare parts
• Service Network
• Brand Representatives
• SANLORENZO ARTS
• Fondazione Sanlorenzo

Share our site:

Latest releases, next events, 2023 financial highlights.

• Work with us
• Privacy policy
• cookie policy
• Manage Cookies
• Ethical code
• Progetto di fusione Sanlorenzo spa
• Progetto di fusione Windco spa
• P.IVA 01109160117

You are now leaving Sanlorenzo Americas dealer website!

ST Pete's Business Daily

(and a whole lot more), sign up for a free lifetime subscription, and take your seat at the table.

Concerns swell over St. Pete Yacht Club redevelopment

St. Petersburg Yacht Club officials are attempting to quell member concerns regarding the waterfront landmark’s impending demolition and future uses, less than two months after announcing a tentative redevelopment date.

The Catalyst obtained an email Commodore Scott Boyle sent to members Tuesday that addressed a petition circulating around the clubhouse in recent days. He said it contains inaccurate information regarding plans to rebuild the facility at 11 Central Avenue – first opened in 1917 – and a marina project.

In early March, club leaders announced plans to build anew in fiscal year 2028-29, as time has caught up to the aging facility. Boyle wrote Tuesday that a modern and efficient building would honor the club’s “rich sailing history” and provide a place that members “will be proud to call home.”

“The decision to build a new facility has nothing to do with jeopardizing or minimizing the club’s sailing history,” Boyle wrote. “The master plan assures we will maintain that history, and we will remain a premier sailing club well into the future.”

The Yacht Club has started building a new event pier with a 475-foot floating dock. Club spokesperson Joe DiVito said, in an earlier interview, that the existing pier was over 50 years old and becoming a “real problem.” He said the new pier would better accommodate regattas and other events.

In his email, Boyle called marina reconstruction a “huge endeavor” with several moving parts.

“Unfortunately, we relied on inaccurate information regarding the length of time required to obtain city and county permits,” he added. “This led to the unfortunate decision to vacate the marina of vessels months before it was necessary.”

Ongoing dock construction at the St. Petersburg Yacht Club. Photo: Chris Fraser, Facebook.

Boyle said club leadership assembled a “very capable” dock project management team to oversee the project. He noted that the group meets weekly with contractors and engineers to ensure marina reconstruction concludes in the fall.

The Yacht Club was founded in 1909 and now offers two clubhouses, three marinas, full-service catering, a sailboat fleet and myriad events. The facility on the downtown St. Petersburg waterfront opened in 1917.

The building underwent a substantial remodel in 1989. However, its floor elevation is six feet below current Federal Emergency Management Agency (FEMA) standards, and the historic site is no stranger to storms .

Club archives state that the “Great Hurricane of October 1921” caused extensive flooding. Officials opened an expanded facility in December 1922.

Boyle noted that the club began updating its “Long Range Plan” in 2021. Over 50% of members participated in a corresponding survey and requested extensive improvements that leadership determined were cost-prohibitive .

Stakeholders also expressed the need for a new elevator, roof and pool deck, an updated kitchen and electrical repairs. However, a remodeled club would still not comply with FEMA regulations.

In a condensed recap of “how we got to this place,” Boyle said noncompliance would limit improvements to 50% of the facility’s appraised value. That would necessitate multiple construction phases and “club closures over a period of years.”

“There is no practical way to raise the building elevation as, again, it would require significant modifications to meet members’ demands, which rival the cost of a new structure,” Boyle wrote.

The St. Petersburg Yacht Club site at 11 Central Avenue. Screengrab, Pinellas County property records.

He added that a complete rebuild is the only viable option to “provide a flood-resistant state-of-the-art facility with adequate parking providing the features desired by our members.” Boyle then noted that the Yacht Club’s governing board has the authority to make those decisions.

Global engineering firm Skanska will lead the master planning phase and prepare conceptual designs to share with city and club officials. Construction models recently provided two building options that include 48,500 square feet of airconditioned space and a pool.

The Yacht Club’s leadership must still decide whether to build a new parking garage. Boyle said he hopes to provide initial conceptual drawings at an informational session this summer.

However, he also addressed concerns regarding banquet facilities. Boyle said there is “no truth” to allegations that the plan calls for a design better suited to host weddings and “revenue-driven events.”

Boyle said the Yacht Club, as a 501c (7) organization, can only derive 15% of revenues from nonmember sources. “We come close to that limit every year as it is,” he wrote.

“While banquet revenue does help subsidize member costs, the Master Plan is wholly unrelated to increasing funding from banquets,” Boyle added. “My hope is that this brings our members up to date on where we stand … and has addressed many of the questions you may have.

“It’s important to deal with the facts.”

Hugh Hazeltine

May 7, 2024at3:59 pm

I attended a cruising club lunch 3 months ago. Commodore Boyle was introduced and when he got to the podium the first words he spoke: “Don’t ask me about the marina”.

May 1, 2024at4:14 pm

The glory days of yacht racing are over, it’s just a big expensive dinner club. Big elephant in the room, what do you do with 2400+ members (possible 3500 individuals) during a 2 year build, and based on the marina it could be 3 years. No one is counting these costs. SPYC will become history in bankruptcy facing $55M+ costs.

May 1, 2024at8:15 am

ha! – the 1% bickering over their “spoils”

D. Artzibushev

May 1, 2024at5:53 am

The club could have the FEMA regulations and the 50% rule waived by officially designated the building as historic. Just something to consider.

Scott Simmons

April 30, 2024at11:33 pm

I hope the rebuild will be handled better than the new dock was handled. I am concerned about the cost as a nearly 25 year member long gone to North Carolina and now Mexico. Knowing Joe DiVito for those 25 years, I trust his judgment. Joe, I am on FB and living the good life in San Miguel de Allende. Look me up old friend.

Your email address will not be published. Required fields are marked *

Add your idea below. Review Catalyst posting guidelines here.

Subscribe to the St Pete Catalyst Daily Spark newsletter

By posting a comment, I have read, understand and agree to the Posting Guidelines .

Subscribe to the Daily Spark

Get the latest right to your phone

You may like

Hittin’ the links: Golfology opens in Warehouse Arts District

Places This Week: A vintage 1924 home in Old Southeast

Critically damaged St. Pete seawall costs soar

Share with friend

Enter the details of the person you want to share this article with.

• Frank Magazine
• Denison History
• Virtual Tours
• Alaskan Yachts
• Azimut Yachts
• Back Cove Yachts
• Beneteau Yachts
• Benetti Superyachts
• Bertram Yachts
• Boston Whaler
• Broward Yachts
• Buddy Davis Sportfish
• Burger Yachts
• Cabo Yachts
• Carver Motoryachts
• Center Console
• Chris-Craft Yachts
• Cruisers Yachts
• DeFever Trawlers
• Dufour Sailboats
• Fairline Yachts
• Feadship Yachts
• Ferretti Yachts
• Formula Yachts
• Fountaine Pajot Cats
• Grady-White
• Grand Banks Trawlers
• Hargrave Yachts
• Hatteras Yachts
• Hinckley Picnic Boats
• Horizon Yachts
• Hydra-Sports
• Intrepid Boats
• Jarrett Bay Sportfish
• Jeanneau Yachts
• Kadey-Krogen Trawlers
• Lazzara Yachts
• Luhrs Sportfish
• Marlow Yachts
• Maritimo Yachts
• Marquis Yachts
• McKinna Motoryachts
• Meridian Yachts
• Midnight Express
• Mochi Craft
• Neptunus Motoryachts
• Nordhavn Trawlers
• Nordic Tugs
• Ocean Alexander Yachts
• Offshore Yachts
• Oyster Sailing Yachts
• Pacific Mariner Yachts
• Palmer Johnson Yachts
• Pershing Yachts
• Prestige Yachts
• Princess Yachts
• Pursuit Yachts
• Riva Yachts
• Riviera Yachts
• Sabre Downeast
• San Lorenzo Yachts
• Sea Ray Boats
• SeaVee Central Consoles
• Selene Trawlers
• Scout Yachts
• Sunseeker Yachts
• Tiara Yachts
• Trinity Superyachts
• Viking Yachts
• Westport Yachts

RECYCLING MADE CENTS Yacht for Sale

68' cheoy lee | 2004 | $600,000.

• Yachts for sale
• motoryachts
• Recycling Made Cents

Last updated Nov 6, 2024

Recycling Made Cents Yacht | 68' Cheoy Lee 2004

Two of the main focuses of Cheoy Lee Yachts is to remain dedicated to the best quality products with service to match and to keep advances in technology top of mind. Staying innovative with composite construction for both its luxury yacht and commercial fabrication processes, Cheoy Lee has kept production and quality high which contributes to owner satisfaction and a brand that is highly esteemed delivery after delivery.

And this 2004 Cheoy Lee 68' is no exception. Highlighting distinctions include the reliable:

• Caterpillar 3412 1,400HP (1300 hours)
• Mathers Clear Command electronic engine controls
• Furuno NavNet/Simrad/Icom/Nobeltec Navigational Gear
• Northern Lights 20kW genset with sound shield
• Northern Lights 33kW genset with sound shield
• Naiad 254 hydraulic stabilizer fin system
• Naiad Hydraulic bow & stern thrusters
• Clarion receiver with speakers
• Marine Air chilled air conditioning/heat climate system
• 30-gallon hot water heater
• FCI water maker
• Nautical Structures HCR 1,500lb electric/hydraulic yacht crane and a Novurania tender. 

Shawn Hennessey

YACHT BROKER

C: 850.712.1319 | O: 850.353.7315

[email protected]

Your privacy is important to us. Find out how we protect it. Privacy Policy

First-Time Yacht Buyer?

Read our guide to learn the process for buying RECYCLING MADE CENTS

Recycling Made Cents HIGHLIGHTS

• Yacht Details: 68' Cheoy Lee 2004
• Location: Saint Petersburg, FL
• Engines: Caterpillar
• Last Updated: Nov 6, 2024
• Asking Price: $600,000
• Max Draft: 5' 3''

Recycling Made Cents additional information

• Beam: 18' 11''
• Hull Material: Fiberglass
• Fuel Tank: 1 x 1635|gallon
• Fresh Water: 2 x 430|gallon
• Holding: 1 x 200|gallon

Schedule a Tour of RECYCLING MADE CENTS

Contact our team to schedule a private showing.

SIMILAR YACHTS FOR SALE View All

81' burger 1982, fort myers, fl, us, 81' diano 1998, napoli, it-na, italy, offered 50% partnership, 81' cheoy lee 1998, fort lauderdale, fl, us, 80' cheoy lee 2006, jupiter, fl, us, 80' burger 1988, holland, mi, us, 80' baia 1999, miami, fl, us, 80' palmer johnson 1993, other cheoy lee yachts for sale view all, 95' cheoy lee 2006, seattle, wa, us, 88' cheoy lee 2013, fajardo, puerto rico, newport beach, ca, us, 66' cheoy lee 1986, seabrook, tx, us, 115' cheoy lee 1992, cannes, 06, france, 46' cheoy lee 1978, beaufort, sc, us, dame de coeur, 66' cheoy lee 1982, freeport, bahamas, price watch.

Love this yacht? Get notified on price reductions and other related updates.

Our Newsletter

Stay informed on all things yachting, including notable sales, industry updates, events, and boating tips with our newsletters.

motoryachts News

Read the latest motoryachts news and stay up to date on related events.

RELATED SERVICES

ARE YOU THE OWNER OF THIS BOAT? Log In

Login or register, hi, welcome back.

Login and pick up from where you left off.

Creating an account allows you to save and compare your favorite yachts.

By creating an account you agree to the terms of use and our privacy policy.