Growth driven by superyachts and international expansion
Net sales of new yachts reached 930.4 million euros, marking a significant increase over the previous year. This increase was mainly driven by the superyacht division, which posted a 17.6% year-on-year rise. The yacht and Bluegame divisions recorded more moderate increases, of 1.8% and 1% respectively.
The acquisition of Nautor Swan also contributed to growth, adding 38.3 million euros to consolidated results between August and December 2024. Geographically, Sanlorenzo recorded strong revenue growth in the Americas (+58.4%) and in the Middle East & Africa region (+55.4%), while Europe and the Asia-Pacific region remained stable after strong growth in 2023.
A solid order book despite a slight downturn
Sanlorenzo maintains a robust order book, with 88% of contracts signed with end customers, totaling 1.019 billion euros at December 31, 2024. This figure is slightly down on the 1.041 billion euros recorded the previous year. For 2025, 623.1 million euros worth of orders are already scheduled, while 396.7 million euros concern deliveries beyond this date.
Order intake for the fourth quarter of 2024 reached 230.2 million euros, exceeding the 207.8 million euros recorded for the same period in 2023. Demand remains buoyant, despite delivery times now extending to 2028.
Financial performance and strategic investments
EBITDA rose by 12% to 176.4 million euros, with a margin of 19%. EBIT was up 10.6% to 139.3 million euros, corresponding to a margin of 15%.
Sanlorenzo invested 188.1 million euros over the year, 49.3 million of which was devoted to industrial expansion and the development of new models. The consolidation of Nautor Swan and dealer Simpson Marine represented an investment of 138.8 million euros. In January 2024, Sanlorenzo finalized the acquisition of 95% of the Simpson Marine group, strengthening its presence in Asian markets. The creation of Sanlorenzo Med brought together the Monaco and Cannes offices with those in Palma de Mallorca, while in August Sanlorenzo finalized the complete acquisition of Nautor Swan, active in seven countries and specializing in luxury sailing and motor yachts.
Towards an energy transition with MAN
Sanlorenzo is focusing on innovation and energy transition with the development of a dual-fuel propulsion system using green methanol, in partnership with MAN. The project, due to be launched on the 50X-Space superyacht in 2027, aims to reduce emissions by up to 70% during navigation.
In addition, a partnership between Nautor Swan and American Magic has been signed to strengthen the brand's presence in the United States and develop ClubSwan 28 sailing events.
