Frederikssund Skibs

The Italian Sea Group S.p.A. (TISG), a global leader in luxury yachting, has announced impressive financial results for the first quarter of 2024, highlighting significant revenue growth and increased EBITDA. The Board of Directors has approved selected information showcasing a prosperous start to the year, reaffirming the company's strategic outlook and guidance for 2024 and beyond.TISG reported revenues of EUR 95.6 million, marking a notable increase of 12.2% compared to EUR 85.2 million in the first quarter of 2023. Shipbuilding revenues surged by 26.2%, driven by progress in ongoing projects and new contracts.EBITDA reached EUR 16.1 million, up by 16.6% from EUR 13.8 million in the same period last year. The EBITDA margin stood at 16.8%, reflecting improved operational efficiency and cost management.The total value of the Order Book reached EUR 1,344 million as of March 31st, 2024, underscoring a robust pipeline of projects. TISG currently has 35 projects under construction, including yachts and megayachts, with deliveries scheduled up to 2027.TISG invested EUR 2 million during the quarter, primarily directed towards enhancing production capacity and infrastructure at key facilities.The Net Financial Position stood at EUR -25 million, mainly attributed to the extension of the Marina di Carrara state concession. Despite this, TISG remains well-positioned for future growth initiatives.Giovanni Costantino, Founder & CEO of The Italian Sea Group, expressed pride in the company's performance and emphasized its development trajectory. He attributed the success to the increasing global demand for superyachts and the popularity of semi-custom lines, which optimize production capacity and enhance order book quality.TISG reaffirmed its 2024 guidance, with revenues projected between EUR 400 – 420 million and an EBITDA margin between 17 – 17.5%. Additionally, the company presented its 2025 Strategic Outlook, targeting revenues between EUR 430 – 450 million and an EBITDA margin between 18 – 18.5%.TISG continues to expand internationally through strategic partnerships and commercial agreements. The recent collaboration with Kitson Yachts as an Authorized Sales Agency in America reflects TISG's commitment to tapping into new markets and fostering growth opportunities.The company's success in the semi-custom segment, evidenced by recent sales, positions TISG for accelerated growth and increased market share. By leveraging its expanded production capacity and engineering expertise, TISG aims to cater to a broader clientele while maintaining its focus on delivering unparalleled luxury yachting experiences.The Italian Sea Group's strong performance in the first quarter of 2024 underscores its resilience and strategic vision in a competitive market landscape. With a robust order book, sound financial position, and strategic growth initiatives, TISG remains well-positioned for sustained success in the luxury yachting industry.The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credits: The Italian Sea Group

The much-anticipated Italian debut of the WiderCat 92 is set to dazzle visitors at the Venice Boat Show from May 29th to June 2nd, 2024. This premiere offers a sneak peek before its global unveiling at the Cannes Yachting Festival in September.Crafted by Wider, the WiderCat 92 signifies a new chapter under the leadership of Marcello Maggi, President of W-Fin Sarl, the holding company owning Wider's capital. A collaboration between Luca Dini Design and Centro Stile Wider, this 28-meter fiberglass catamaran redefines luxury with its seamless integration of exterior and interior spaces, blending aesthetics, functionality, and technological innovation.With two VIP cabins, one double guest cabin, and a sprawling owner's suite, the WiderCat 92 prioritizes comfort and space. Its standout feature is the serial hybrid propulsion system, showcasing cutting-edge technology and innovative design. The tender garage, transforming into a spacious aft beach, and folding bulkheads in the Beach Club optimize onboard space, elevating the sailing experience.Marcello Maggi expressed his satisfaction, emphasizing Wider's pioneering vision and construction expertise. The partnership with Applied underscores Wider's commitment to technological innovation, with Applied's Future Marine software suite enhancing onboard control and management.Following the debut, a web series produced with The Creative Brothers will delve into the genesis of the WiderCat 92. Venice holds special significance for Wider, as it is here that construction is underway on the Moonflower 72, a 72-meter superyacht developed in collaboration with Nauta Design.At the Venice Boat Show, visitors can explore Wider's collaboration with select Italian and international brands. Talenti furnishings and TooA gelato will take center stage, embodying craftsmanship and innovation. Customized versions of the Seabob F5S and SipaBoards Neo Silver Drive offer a glimpse into Wider's dedication to enhancing the onboard experience.Founded in 2010 and based in Ancona (Le Marche), Wider Yachts is an innovative Italian yacht builder shipbuilder specialized in electric and renewable energy-powered superyachts. Credits: Moowe/Wider Yachts

ISA Yachts unveils its latest innovation: the Viper line. Building upon its legacy of excellence, the Viper series combines cutting-edge design, superior performance, and adaptable interiors to redefine cruising.In a significant departure, ISA Yachts has partnered with the esteemed Fulvio De Simoni studio for both exterior and interior design, marking a new era of collaboration. The Viper line debuts with three models - 100, 120, and 140 feet - each meticulously crafted from composite materials with carbon reinforcements.The inaugural project, the ISA Viper 120, sets sail with construction underway and delivery slated for 2026. Spanning 38 meters, the Viper 120 boasts a shallow draft of 1.5 meters, making it ideal for exploring coastal destinations like the Caribbean Sea. Powered by 3 MAN or MTU engines, the vessel achieves a maximum speed of 33 knots, with a comfortable cruising speed of 26 knots.Designed to optimize outdoor living, the Viper 120 features three distinct zones, with the cockpit as the focal point. The stern beach club offers a multifunctional 'transformer,' while side balconies enhance livability. The expansive outdoor table accommodates up to 8 guests, complemented by an integrated galley and bar area.Inside, the Viper 120 maximizes space and comfort, with floor-to-ceiling windows offering panoramic views. The salon is furnished with plush sofas and armchairs, while a combined bar-galley unit adds convenience. The owner's cabin, available amidships or in the bow, boasts luxurious amenities, including a walk-in closet.The sun deck, crowned with a carbon hardtop, offers a private retreat for guests, complete with sun pads, lounge areas, and a bar. Crew quarters, discreetly positioned near the galley, provide accommodation for four crew members and the captain.Dedicated to producing forward-thinking superyachts made only with superior quality materials, ISA Yachts is a leading global superyacht and megayacht builder. Every ISA superyacht is uniquely designed to her owner’s briefs, and is built using the highest technology, the best quality materials and the finest furnishings and finishes. Currently in build are two 80-meter projects due to become the new ISA Yachts flagships. ISA Yachts is part of Palumbo Superyachts, which also includes: Columbus Yachts, Mondomarine and Extra Yachts.Credits: ISA Yachts

Archipelago Yachts has introduced its latest creation, the Archipelago 80, marking a significant milestone for the British shipyard. This 24-metre explorer model, designed for an owner with a visionary outlook, is poised to redefine leisure expedition experiences upon delivery, serving as the flagship of Archipelago's esteemed range.Founder Dr. Stephen Weatherley revealed that the Archipelago 80 is tailored for owner-operated voyages, blending innovation with functionality. Employing a Chartwell Marine hull form, renowned in the offshore wind sector for its reliability and efficiency, the yacht promises exceptional performance and seaworthiness.A standout feature of the Archipelago 80 is its high-capacity helipad, a rarity in vessels of its size category. The expansive roof area, equipped with a Palfinger crane, offers versatility, accommodating solar panels, additional storage, or recreational equipment.With an 11-metre beam, the yacht boasts a spacious cockpit designed as a versatile "working area," adaptable for expedition gear, water toys, or leisure activities. Reinforced deck structures and a crane enable the transportation of cargo, personal submersibles, or amphibious vehicles.Enhanced safety during navigation is ensured by high bulwarks, while the open-plan main saloon offers panoramic views, complete with a bar and day galley. Accommodation is cleverly integrated within the hulls, alongside crew quarters and the main galley. The wheelhouse doubles as a flexible living space, featuring a shaded balcony with a bar and entertainment area, with the option for a hot tub installation.Dr. Weatherley expressed enthusiasm for the project's realization, emphasizing the Archipelago 80's versatility and its ability to deliver unparalleled on-water experiences. The yacht will feature a diesel-electric propulsion system, achieving speeds of 28-30 knots, with the option for a paravane kite to enhance fuel efficiency. An optional generator will further augment the vessel's electrical power.Earlier this year, Archipelago Yachts received government funding, enabling the advancement of a groundbreaking methanol-powered leisure vessel. The unveiling of the Archipelago 80 underscores the shipyard's dedication to innovation and excellence, setting a new standard for the industry's exploration segment.Credit: Archipelago Yachts

Northrop & Johnson has confirmed the sale of the 2023 Baglietto Dom133 Perla Bianca. Brokered by Charles Herve on behalf of the seller, the final asking price for the yacht was €22,950,000.Perla Bianca, a remarkable vessel from Baglietto’s renowned Dom133 series, boasts a captivating design crafted by the esteemed Stefano Vafiadis. Her sleek exterior lines, inspired by automotive aesthetics, exude contemporary elegance while offering a vast interior volume. With a generous headroom of 2.15 meters throughout, the yacht provides a lavish retreat for owners and guests alike, designed to feel like a luxurious "home away from home."Constructed entirely from aluminum and certified by ABS, Perla Bianca combines durability with refined luxury. Her displacement hull ensures both efficiency and impressive long-range capabilities, boasting a range of 3,500 nautical miles. Engineered for serene voyages, the yacht minimizes vibrations and noise, while CMC electric fin stabilizers guarantee stability even in challenging sea conditions.The interior spaces are adorned with elegant furnishings from Minotti, creating an ambiance of sophistication and comfort. The main salon and dining area feature expansive windows, flooding the space with natural light. The skylounge offers a spacious retreat with panoramic views, seamlessly connecting to the upper exterior deck.Accommodating up to eleven guests across five cabins. The owner's suite, located on the main deck, spans an impressive 55 square meters and includes a queen-size bed, walk-in wardrobe, and a lavish ensuite bathroom. The lower deck houses four guest cabins, comprising three doubles and one twin with a Pullman berth.On the exterior, Perla Bianca boasts an array of amenities designed for outdoor enjoyment. The aft deck features a large bathing platform with deckchairs and parasols, while the main deck hosts a refreshing freshwater pool. The upper deck offers alfresco dining options, and the flybridge boasts an eight-person Jacuzzi, bar, and ample seating, all shaded by electrical awnings. Additionally, the foredeck provides a tranquil space for taking in panoramic views.Credit: Northrop & Johnson; Yacht Harbour archive