Massimo Perotti - chairman and chief executive of Sanlorenzo has bought 23% of company's shares back from the Chinese company Sundiro Holding, that was sold in 2013 to protect the Italian shipyard from financial crisis, as Chinese yachting market under 20 metres was growing. Now, Sundiro Holding has problems with liquidity and Chinese market is falling. Previously, Mr. Perotti bought back the 16% of shares, that were previously sold to Fondo Italiano di Investimento. After this equity restructuring operations the Perotti family owns 96% of the company's shares, with 4% of shares owned by Sanlorenzo management.

The company now is expecting the increase of revenue by 20% this year on 2018’s reported €380 million. Company will also invest €100 million by 2020 into new facilities, products and R&D. Sanlorenzo will also develop new production lines with the Blue Game shipyard which was bought last year and a series of boats under Sanlorenzo Sport label.

"At the time we needed to increase our working capital to support the sector in crisis, and there was also an agreement to help our partners build boats under 20 metres in China,” Perotti told the Italian newspaper. “Now things have changed: boating in the region did not take off and Sundiro has a liquidity problem and needs cash, so they proposed that I buy back their shares.”

“We have recorded an increase in turnover from €300 million in 2017 to €380 in 2018, and we estimate a growth of around 20% to €460 million in 2019,” Perotti says. “And most importantly, we have a portfolio of orders between now and 2020 worth €500 million.”