Superyachts drive Sanlorenzo’s growth for H1 2025
Sanlorenzo has posted a solid H1 performance for 2025, ending 30 June.
Sanlorenzo has posted a solid first-half performance for 2025, ending 30 June 2025, with revenues, profits and order intake all showing year-on-year growth.
Net revenues for new yachts reached €454.1m, up 9.4 per cent compared to €415.1m in the same period last year. EBITDA rose 8.5 per cent to €80.5m, while group net profit increased 7 per cent to €46.6m.
The firm reported robust order intake of €419.5m, representing a 29.9 per cent increase on 2024. Its order backlog now stands at €1.44bn, 93 per cent of which is already sold to final clients, providing nearly a year’s worth of revenue.
Massimo Perotti, chairman and chief executive officer of Sanlorenzo, comments: “The first half of 2025 reflects the resilience of Sanlorenzo, the strength of our brand, and the timeless desirability of our yachts. Even in a global environment marked by trade tariff uncertainty and broader macroeconomic pressures, we have delivered stability and measured growth, underpinned by sustainable revenues and healthy margins.”
In specific size segments, Sanlorenzo noted a robust demand for yachts above 30 metres, with the Superyacht Division recording a 10.2 per cent revenue increase.
The recently acquired Nautor Swan contributed €47.5m in revenues. However, in comparison, the Yacht Division was down -6.6 per cent and the Bluegame Division contracted by 10.9 per cent, reflecting softer demand in the smaller segments.
Geographically, performance was strongest in the Americas, up by 38.6 per cent, and 15.4 per cent in Europe, while APAC experienced moderate growth at 5.8 per cent. The MEA region fell 41.3 per cent, due to the timing of deliveries compared to a strong period last year.
Despite a shift from a net cash position of €29.1m at the end of 2024 to net debt of €8.3m by mid-2025, Sanlorenzo highlighted its continued cash generation and shareholder returns, including €34.7m in dividends and ongoing share buybacks.
The group also reaffirmed its 2025 guidance, targeting revenues of €960-€1,020m and EBITDA of €178-€194m. New model launches, including the SX120, the largest Sanlorenzo crossover yacht to date, SL110A, and SD132, will be showcased at the 2025 Cannes Yachting Festival, alongside the Nautor Swan, Swan 51 and the BGF45 Bluegame debuts.
The firm also highlights its ongoing “Road to 2023” sustainability strategy, with progress on alternative propulsion projects, including the 50X-Space superyacht designed for bi-fuel green methanol.
First to be officially certified as a top employer in Italy, Sanlorenzo also strengthened its global and regional leadership in H1 2025 with the appointment of Rento Bisignani as the Group’s first chief marketing & communications officer and Daniel Luca as chief executive officer of Sanlorenzo APAC.
Following the Cannes Yachting Festival 2025, Perotti hints at further launches: “Further premieres will follow in the final quarter – including a new concept for Sanlorenzo that embodies our pursuit of everlasting beauty and innovation, and the first delivery of the 74Steel – a milestone that embodies Sanlorenzo’s position at the pinnacle of the category, whilst retaining our focus within 2,000 GT, where the risk-return profile is strongest, rather than pursuing the segment beyond our sweet spot.”
