Sanlorenzo revenues grow 7%YoY in third quarternews Fayaz Hussain 11 Nov 24 0Sanlorenzo reported strong performance in the first nine months of 2024, with net revenues from new yacht sales increasing 6.9% year-over-year to €669.0m. This growth… Read more
MarineMax reports lower Q4 earnings, issues cautious outlooknews Fayaz Hussain 31 Oct 24 0Florida-based recreational boat and yacht retailer MarineMax reported its fourth-quarter revenue decreased by 5% to $563.1m, down from $594.6m in the same period of the… Read more
Azimut|Benetti backlog rises to €2.6bnnews Rob Hodgetts 13 Sep 24 0Avigliana-based luxury yachts developer Azimut|Benetti Group announced its financial results for the financial year 2023-2024 reporting revenues of €1.3bn, a 55% increase over the past… Read more
MarineMax beats revenue estimates in 3Qnews Rob Hodgetts 26 Jul 24 0MarineMax, the world’s largest recreational boat, yacht and superyacht services company, reported financial results for the third fiscal quarter of 2024, posting revenue of $757.7m,… Read more
Ferretti Group backlog grows to €1.6bnnews Fayaz Hussain 17 May 24 0Italian luxury yacht manufacturer Ferretti Group announced first quarter financial results reporting an 11.7% year-over-year growth in revenues to €313m. Segment-wise breakdown showed composite yachts… Read more
Sanlorenzo results chart steady course in 2023 as revenue risesnews Rob Hodgetts 12 Feb 24 0Italian yacht builder Sanlorenzo delivered impressive year-end results for 2023, propelled by double-digit revenue growth and surging profitability. “The performance of the year is substantiated… Read more
MarineMax results underwhelm as margins shrinknews Rob Hodgetts 26 Jan 24 0MarineMax reported earnings per share (EPS) of $0.19 for the first quarter of 2024 compared with $1.24 from a year ago, lower than expectations. The… Read more
Italian new build superyacht market in good healthopinion Superyacht Investor Contributor 8 Jun 23 0The new build superyacht market remains healthy – and it shows. Publicly-owned Italian shipyards Ferretti, Sanlorenzo and The Italian Sea Group (TISG) reported an increase… Read more
The Italian Sea Group posts €85m revenue for Q1, 2023news Superyacht Investor Contributor 25 May 23 0The Italian Sea Group (TISG) has posted revenue of €85m ($91.1m) during the first quarter (Q1) of 2023, a 23% increase from €69m in the… Read more
Ferretti backlog reaches €1.5bn in Q1 2023news Superyacht Investor Contributor 17 May 23 0Ferretti Group has announced an order backlog of €1.5bn (€1.63bn) in its financial report for the first quarter (Q1) of this year, a 15.4% increase… Read more
Sanlorenzo reports an 11.8% increase in new build sales for Q1news Superyacht Investor Contributor 15 May 23 0Sanlorenzo has reported total sales of €183.7m ($199m) for the first quarter (Q1) of this year – an 11.8% increase compared with the same period… Read more
MarineMax Q2 2023 revenue down 7% from record yearnews Superyacht Investor Contributor 2 May 23 0MarineMax has reported a 7% fall in revenue to $570.3m for the second quarter (Q2) of its current financial year compared with record results posted… Read more
Ferretti Group reports over €1bn in sales for its 2022 fiscal yearnews Superyacht Investor Contributor 9 Mar 23 0Italian shipbuilder Ferretti Group has reported €1.03bn ($1.09bn) in sales for its 2022 fiscal year ending December 31st, up 14.6% from 2021. The firm said… Read more
Marinedi Group reports a 25% increase in revenue for 2022news Superyacht Investor Contributor 21 Feb 23 0The Marinedi Group has reported a 25% increase in revenue and a turnover of about €16m ($17m) in its final financial results for the year… Read more
Sanlorenzo reports new build sales up 26% to €740m for 2022news Superyacht Investor Contributor 10 Feb 23 0Sanlorenzo has reported new build sales of more than €740m ($790m) in its full-year results for 2022 – up by 26.4% on the previous year.… Read more
