Sanlorenzo S.p.A.

Sanlorenzo S.p.A.

34.26
EUR
-0.78
(-2.23%)
3.19EPS
11.51P/E
1.27BMarket Cap
Nov 12Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.88
15.7
15.3
19.96
23.46
25.82
29.26
31.71
32.63
Basic EPS, GAAP
0.36
0.84
1
1.48
2.14
2.67
2.93
3.06
3.11
Free Cash Flow per Basic Share
1.46
0.05
0.44
1.41
2.75
2.09
-0.52
0.59
2.4
Dividend per Share
0.01
0.12
- -
0.3
0.6
0.66
0.99
0.99
- -
Book Value per Share
3.15
4.44
5.39
6.64
8.32
10.31
12.4
14.67
14.97
Tangible Book Value per Share
2.17
3.17
4.08
5.08
6.53
8.22
7.29
9.36
9.69
Basic Weighted Avg Shares
35
32
34
34
35
35
35
35
35
Sales/Revenue/Turnover
375
506
527
688
811
896
1,030
1,112
1,153
Operating Margin (%)
5.04
7.83
8.21
9.7
11.77
12.78
11.64
10.34
10.09
Depreciation Expense
11
17
20
22
27
32
37
41
41
Net Income, GAAP
12
27
35
51
74
93
103
107
110
Effective Tax Rate (%)
33.29
29.2
26.62
27.68
26.93
28.06
27.11
20.32
20.21
Profit Margin (%)
3.31
5.34
6.54
7.41
9.14
10.36
10.02
9.66
9.53
Working Capital
58
59
86
105
113
134
138
223
232
LT Debt
64
57
63
69
49
29
73
103
97
Total Equity
107
151
185
229
290
360
441
524
538
Return on Invested Capital (%)
- -
14.31
13.95
16.92
20.43
21.3
19.63
17.41
16.72
Return on Capital (%)
- -
14.37
14.22
16.98
20.63
22.67
20.64
17.3
16.49
Return on Common Equity (%)
- -
20.64
20.36
24.59
28.65
28.71
25.96
22.51
22.54

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
64
51
56
LT Borrowings
81
97
76
LT Finance Leases
22
- -
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
35
35
Market Capitalization
1,070
1,090
1,269

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
795
803
804
Cash, Cash Equivalents & STI
182
170
198
Accounts Receivable, Net
37
35
32
Inventories
178
177
181
Total Current Liabilities
572
565
572
Payables & Accruals
- -
- -
- -
ST Debt
64
51
56
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.12%
18.86%
Free Cash Flow
- -
-8.9%
-211.48%
Net Income, GAAP
- -
26.73%
4.17%
Sales/Revenue/Turnover
- -
16.35%
8.02%
Total Cash Common Dividend
- -
- -
-0.02%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
213
249
278
289
1,030
2025
242
270
262
338
1,112
2026
250
304
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
0.68
0.83
0.86
2.93
2025
0.61
0.73
0.83
0.89
3.06
2026
0.63
0.76
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
0.01
0.99
2025
- -
- -
- -
- -
0.99
2026
- -
- -
- -
- -
- -

Company Description

CEO
Massimo Perotti
Full Time Employees
1,655
Sector
Consumer durables
Industry
Recreational products
Address
Via Armezzone 3 Ameglia SP Italy 19031
IPO Date
Dec 10, 2019
Business
Sanlorenzo S.p.A. is a leading Italian company specializing in the design, construction, and sale of luxury motor yachts and sailing yachts. The company produces a comprehensive range of yachts under several brands including Sanlorenzo for superyachts, Bluegame for sport utility yachts, and Nautor Swan for high-end sailing yachts, following its acquisition in 2024. Its product portfolio covers yachts from 20 to over 50 meters, encompassing motor yachts, semi-displacement vessels, and sailing yachts, with notable models such as the 50Steel—the first superyacht equipped with a green methanol fuel cell system for onboard energy—and the SX120, SL110A, and SD132 among recent launches. Sanlorenzo serves an international market with a strong presence across Europe, the Americas, the Middle East, Africa, and Asia-Pacific. Founded in 1958 and headquartered in Viareggio, Italy, the company has expanded its geographic footprint through subsidiaries and a network of service and sales points worldwide. In terms of recent developments, Sanlorenzo has undertaken major strategic expansions and operational enhancements. In 2024, Sanlorenzo acquired 100% of the Finnish Nautor Swan Group, a premier sailing yacht manufacturer with operations spanning seven countries, significantly broadening its product offering to include high-end sailing yachts. Additionally, in early 2024, it acquired a 95% stake in Simpson Marine, a leader in yacht sales and services across the Asia-Pacific, enhancing its global service capability. The company launched innovative sustainable products including the 50Steel with green methanol bi-fuel propulsion technology and continues to develop crossover and explorer yacht categories. Sanlorenzo further restructured its corporate organization to integrate these acquisitions and support growth. Financially, it reported strong growth in 2024 and H1 2025 with new yacht revenues surpassing €930 million in 2024 and €454 million in the first half of 2025, backed by a robust order backlog exceeding €1.7 billion. The company focuses on yachts under 2,000 gross tons, aiming to strengthen profitability and market position amid broad macroeconomic challenges while emphasizing sustainability and technological innovation in its fleet. Sanlorenzo operates primarily in the luxury yacht manufacturing industry, targeting affluent individual customers and charter clients seeking bespoke, technologically advanced, and environmentally progressive superyachts and sailing yachts. The company leverages advanced manufacturing facilities in Italy and a global sales and service network supported by its recent acquisitions to enhance market coverage and customer service worldwide. The full integration of Nautor Swan and Simpson Marine complements Sanlorenzo’s existing portfolio, broadened by new product development such as the SX120 crossover flagship equipped with Volvo Penta’s IPS Professional Platform and the launch of the 74Steel model. The company maintains a leadership position in the 30-50 meter yacht segment, recognized for a blend of craftsmanship, innovation, and sustainability initiatives that align with evolving client preferences and environmental regulations. Sanlorenzo continues to invest heavily in research and development, with a strong focus on sustainable propulsion systems like bi-fuel green methanol technology, and is advancing its flagship 50 X-Space project, aimed at redefining superyacht energy efficiency. The acquisitions and operational expansions underpin Sanlorenzo’s strategy to consolidate its competitive position in the global luxury yacht market while navigating supply chain and regulatory challenges. This strategic trajectory is supported by solid financial metrics, resilience in demand, and sustained innovation, positioning Sanlorenzo as a key player in the premium yachting industry. Overall, Sanlorenzo S.p.A. combines historic Italian yacht-building excellence with progressive sustainability efforts and global market expansion, operating under a multi-brand strategy that includes Sanlorenzo motor yachts, Bluegame utility yachts, Nautor Swan sailing yachts, and enhanced service capabilities through Simpson Marine. The company’s headquarters remain in Viareggio, Italy, with its industrial and commercial presence spanning Europe, the Americas, Asia-Pacific, Middle East, and Africa, reflecting its international growth and diversified product offering. Recent years have marked significant growth driven by acquisitions, new product innovations, and strategic investments in sustainability and capacity expansion. This comprehensive approach defines Sanlorenzo as a leading and innovative luxury yacht builder in the global maritime industry.