Sanlorenzo reports €184 million net revenue for Q1 2023, exceeding expectations. The Italy-based yacht builder experienced double-digit growth across all key metrics, reflecting the strength of the brand and its business model. The net revenue from new yacht sales in Q1 reached €183.7 million, an 11.8 percent increase compared to the previous year.
Sanlorenzo fleet
The European market witnessed significant expansion, with a 50.3 percent growth compared to Q1 2022. The order intake for the quarter amounted to €170.1 million, contributing to a gross backlog of €1.24 million.
“In line with our Business Plan 2023-2025, the results of the first quarter 2023 demonstrate the strength of the brand and the excellence of the business model of the Maison Sanlorenzo, which once again translates into increasing results, substantially in line with our forecasts. Our backlog is consistent and of high quality, 92% sold to final clients. The next deliveries are not available before summer 2025 for Yachts and before summer 2026 for Superyachts. This combination results in a high-degree visibility, well above the industry average, which allows for an enviable planning,” says Massimo Perotti, Chairman and Chief Executive Officer of the Company.
Massimo Perotti
Sanlorenzo's net profit rose by 23 percent to €17.2 million, resulting in a margin of 9.4 percent on net revenue. The company emphasizes its high-quality backlog, with 92 percent sold to final clients, providing excellent visibility and planning. Sanlorenzo also strengthened its supply chain through strategic partnerships with suppliers such as Sea Energy and Duerre. EBITDA for Q1 2023 reached €31.2 million, a 21.2 percent increase, while EBIT amounted to €24.2 million, up 22 percent from the previous year. The company's commitment to innovation and sustainability is evident through continued investments in research and development, positioning Sanlorenzo for a successful zero-emission yachting transition.
“We are confident that the future of the sector will depend on innovation, especially in the field of sustainability. Therefore, by providing concrete answers and with a long-term vision to lead towards a zero-emission yachting transition, we continue to invest in research and development, confident of the path we have taken. We continue the strategic strengthening of our supply chain as demonstrated by the investments made to acquire the stake in Sea Energy and the acquisition of the majority of Duerre to ensure the procurement of key works and the supervision of the unique know-how offered by our territory,” continues Massimo Perotti.
Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 62 meters in length.
Credits: Guillaume Plisson; Daniele Barraco/Sanlorenzo
Athens-based design studio IPYD has revealed Aether, an 80-meter superyacht concept developed for Oceanco's Simply Custom platform. The design features triangular geometric motifs throughout its exterior, referencing concepts of balance and harmony from ancient Greek philosophy.Presented at the 2023 Fort Lauderdale International Boat Show, Aether joins Oceanco's portfolio of semi-custom concepts built on a standardized technical platform by Lateral Naval Architects. Initial renderings show a continuous exterior profile with an open-plan beach club featuring spa facilities and lounge areas.The Simply Custom range offers owners design flexibility while utilizing pre-engineered naval architecture. Aether follows previous concepts including Ani by Vallicelli Design and Dunes by the Touch Studio. Oceanco has not disclosed construction timelines or technical specifications for the Aetherconcept.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: IPYD
June 20, 2025
The Pershing GTX80 has docked at Manhattan's North Cove Marina, marking the start of its East Coast tour celebrating Pershing's 40th anniversary. The 24-meter Sport Utility Yacht will visit Montauk (July 1) and Newport (July 12) before concluding in the Hamptons.The tour showcases Pershing's performance-oriented design combining speed and onboard comfort. The GTX80 series features an open layout with 370 square meters of living space across three decks, powered by twin 1,550hp MAN V12 engines reaching 35 knots.Allied Marine is coordinating the tour, with updates available through Pershing's social media channels. The itinerary highlights the yacht's coastal cruising capabilities along the Atlantic seaboard.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
June 20, 2025
Hargrave Superyachts has launched its new 38-meter tri-deck motor yacht, the Hargrave 125, from its Antalya, Turkey facility. The vessel, designated Project 125, will debut at the 2025 Cannes Yachting Festival.With a 7.92-meter beam and 1.95-meter draft, the Bahamas-compliant design features a displacement hull optimized for long-range cruising. Stabilization systems operate both at anchor and underway. The 330GT interior maintains 2.2-meter ceiling heights throughout its 10-guest, 7-crew configuration.Power comes from twin Caterpillar C32 main engines with matching 75kW generators, delivering a 17-knot cruising speed. An ASEA power converter ensures global shore power compatibility. The yacht carries a 10-year structural warranty and equivalent coverage for main mechanical components.Hargrave includes a six-month management package with each sale. The vessel remains available for inspection ahead of its Cannes showing.Credits: Hargrave Custom Yachts
June 20, 2025
The Yacht Club Costa Smeralda is hosting the 2025 Swan One Design Worlds from June 17-21, featuring 35 teams from 30 nations competing across four one-design classes. The event marks the competitive debut of the ClubSwan 28 class alongside established ClubSwan 36, 42 and 50 fleets."The Swan One Design Worlds highlight the energy and camaraderie of the ClubSwan family," said Luisa Bambozzi, Managing Director of ClubSwan Racing. "Porto Cervo provides the ideal setting to combine world-class racing with vibrant shoreside activities."The regatta features defending champions in multiple classes, including Mamao (ClubSwan 36) and Nadir (ClubSwan 42). Notable entries include Leonardo Ferragamo's Cuordileone and Marcus Brennecke's Hatari in the ClubSwan 50 division. The newly introduced ClubSwan 28 class will compete for its first Gold Cup, with seven teams including youth entry NOX OCEANI featuring 13-year-old helmsman Giorgio Nocella.Giovanni Pomati, CEO of Nautor Swan, emphasized the event's community aspect: "This regatta represents the unity and international spirit that defines the ClubSwan family." The competition schedule allows for eight races per class (ten for ClubSwan 28), with Mistral winds expected for the final racing days.Social events include class dinners and an owners' reception at YCCS, culminating in Saturday's prize ceremony. The ClubSwan Academy continues its youth development program, providing young sailors access to competitive racing platforms.Nautor Swan was founded in 1966 in Pietarsaari, Finland. The builder entered the superyacht market in 1999. Since then, the yard has continued building high-performance sailing yachts in three different lines; ClubSwan, Swan Yachts and Maxi Swan Yachts. Credits: Nautor Swan
June 19, 2025
Italian yacht builder Mylius Yachts has revealed details of its new M60GL sailing yacht, an 18.5-meter performance cruiser-racer designed by Giovanni Ceccarelli. The first unit is currently under construction for a European owner, with delivery scheduled for 2026.The M60GL features a carbon fiber hull with Corecell core construction, combining racing performance with cruising comfort. The design includes a 24-meter carbon mast supporting a 120 sqm mainsail and 325 sqm gennaker, with deck hardware from Harken Racing GP. The yacht's 5.5-meter beam provides expanded social areas while maintaining competitive sailing characteristics."Ceccarelli has captured the owner's brief perfectly, blending innovation with our family feeling of speed, beauty and comfort," said Mylius Yachts CEO Valentina Gandini. The first hull will feature a three-cabin layout with bleached oak flooring and high-gloss white bulkheads, showcasing the yard's customization capabilities.Key features of the M60GL include twin helm wheels with integrated Mylius branding, a convertible transom serving as both swim platform and tender garage, and removable cockpit elements that allow conversion between racing and cruising configurations. The yacht's systems include B&G instrumentation and domotic controls, with optional removable appliances for racing use.Mylius reports strong market interest in the model, which targets owners seeking competitive racing capability without sacrificing cruising comfort. The M60GL represents the yard's continued focus on fully customized carbon fiber construction for performance-oriented sailing yachts.The Mylius Yachts shipyard, headquartered in Podenzano, has been dedicated to the construction of fast sailing vessels and performance cruisers with a recognizable and winning style since its foundation. Mylius is among the leaders in the production of yachts ranging from 55 to 80 feet. Mylius has added the production of motorboats, including fast motorboats and habitable motor yachts.Credits: Mylius Yachts
June 19, 2025