Marinedi Group reports a 25% increase in revenue for 2022

The Marinedi Group has reported a 25% increase in revenue and a turnover of about €16m ($17m) in its final financial results for the year ending December 31st, 2022. It has also announced plans to buy 11 more marinas by 2026.

The Italian marina group said the results were mostly due to the increase in permanent berth sales, which grew by more than 30% compared with 2021.

“For 2023 we expect to reach around €20m with a growth of another 20%,” said Renato Marconi, controlling shareholder and director, Marinedi Group. He added that the number of foreign buyers of super yacht berths has returned to pre-Covid levels.

The average overall coverage of available berths for 2022 was around 48% throughout the year, though Marconi said that this also includes the winter months, which proved to be quieter than expected. “The group’s five-year goal to 2026 is to reach 82% coverage,” he said.

Marconi also noted that the revenue for services such as the sale of fuel has also led to the increase in turnover. “This growth is due to an increase in the quantity supplied and is only marginally influenced by the increase in cost per litre,” he said.

The firm said that the impact of the Russian-Ukrainian conflict on inflation and energy prices has had a “limited impact” on its financial performance.

For 2023 and beyond, the firm plans to add to its 14 marinas.

“For the future, we are planning two new acquisitions, one in North Africa and one in the Aeolian Islands,” said Marconi. “The ultimate goal is to reach 25 marinas in the Mediterranean by 2026.”