First Admiral Quaranta motor yacht sold

Admiral Quaranta

The Italian Sea Group (TISG) has sold the first Admiral Quaranta motor yacht after the unveiling of the new series a few months ago.

The project, developed in collaboration between the Monaco-based studio The A Group and The Italian Sea Group Centro Stile, marks the debut of the 40-metre superyacht range within the Admiral fleet.

“The Admiral Quaranta yacht was made possible thanks to the perfect synergy found with The A Group, to offer a 40-metre yacht that encompasses typical layout and comfort features usually only found on much larger yachts,” says Giovanni Costantino, founder and CEO of The Italian Sea Group.

“We have created a harmonious synergy at the core of this project thanks to our strong expertise in terms of design, quality and innovation the very high level of quality in the company’s DNA”.

On Wednesday (15 May 2024) TISG revealed its financial results for Q1 2024.

In the first three months of 2024, TISG recorded revenues of €95.6m, growing by 12.2 per cent versus €85.2m during the same period of 2023. Operating revenues (before other revenues and income and commissions) are equal to €95.8m, growing by 18.6 per cent versus the same period of 2023.

TISG says the interiors of this new line are envisioned as an ‘expression of sporty and youthful elegance’ that ‘dialogues perfectly with the exterior style’.

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This article was written and/or edited by the UK-based MIN team.

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