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september 13, 2023 - Sanlorenzo Yachts

Sanlorenzo at Cannes Yachting Festival 2023

Our road to 2030: straight on track on our responsible path

Sanlorenzo resolutely continues its journey towards increasingly sustainable sailing: a consolidated strategy, an ambitious vision that the Group has decided to share.

On the occasion of the annual press conference that opens the Boat #show season, Cav. Massimo Perotti, Sanlorenzo's Executive Chairman and CEO, commented on the financial results for the first half of 2023: having closed with revenues from the sale of new yachts amounting to 388.4 million euros, up 12.6% compared to the first half of 2022, the group now boasts a gross operating margin (Ebitda) of 67.7 million (+20.3%) and a net profit of 39 million (+20.3%).

"I am incredibly proud to present excellent results, achieved thanks to the commitment and passion of all the teams that constitute #sanlorenzo, to whom I would like to extend my special thanks.

We are revising upwards the guidance on the results expected for the current year, on the strength of a very satisfying first half of the year and a massive order backlog, on 30 June exceeding 1.4 billion Euros, but above all of high quality, because 90% of it is guaranteed by contracts signed with end clients.

This performance is the result of our business model, which has proven to be absolutely reliable over the years, and which provides us with reassurance for the years to come, along the path that will see us pioneer the sector towards carbon neutrality, a central priority in our route to 2030."  Massimo Perotti, Executive Chairman #sanlorenzo yacht

Sanlorenzo is now a forerunner in the drive towards carbon neutrality in the yachting world: through the relentless work of its Research and Development department, the group continues to take revolutionary steps in introducing technological systems to reduce the environmental impact of yachts.

In fact, although yachting accounts for only 0.22% of the total GHG emissions of the entire shipping sector, (Source: International Maritime Organisation, 2021), multiple pressures are pushing companies to adapt to rapid changes and re-evaluate their priorities: on the one hand, yacht owners increasingly focused on adopting sustainable solutions; on the other, the IMO's (International Maritime Organisation) stringent plans to achieve Net Zero by 2050.

The shipyard's wealth of expertise and experience, which has always been a source of distinction and pride for the company, has enabled it to sign strategic cooperation agreements with the world's leading energy and E-fuel players.

These include the exclusive agreement signed in 2021 with Siemens Energy for the integration of the fuel cell system capable of transforming #green methanol into hydrogen and subsequently into energy.

An innovative solution that, a first on the market, will see the light of day with the new 50Steel line, a #superyacht whose first unit will be delivered in the summer of 2024: the methanol fuel cell system will allow the vessel to generate electricity for on-board hotellerie services, with engines and generators switched off, significantly extending the time spent at anchor and manoeuvring without consuming diesel fuel. Another innovation that can be defined as revolutionary will be developed on this #superyacht, as it radically changes the use of space on board: the HER (Hidden Engine Room) system, which, through a new arrangement and location of the propulsion equipment and the technical area on the under lower deck, which seem to "disappear", frees up unexpected volumes for the owner's areas.

Another very important exclusive agreement was signed with Rolls-Royce's Power Systems business unit, through its mtu brand of products and solutions, for the installation of hydrogen propulsion systems made from green methanol: these solutions will be combined with fuel cells supplied by #siemensenergy and will initially be installed on a #sanlorenzo #superyacht prototype.

Further information in the press release to download