Massimo Perotti, the company chairman, said during a press conference at the Cannes Yachting Festival 2016 that the value of production in 2016 is estimated to be €250m, up 15% over the previous year. An estimated EBITDA of €25m represents an increase of 20% over 2015.
Italy’s Sanlorenzo claims to be the only shipyard in the world with a higher turnover now than when the crisis started in 2008.
At a press conference at the Cannes Yachting Festival 2016, the company reported that the value of production in 2016 is estimated to be €250m, up 15% over the previous year. An estimated EBITDA of €25m represents an increase of 20% over 2015.
Chairman Massimo Perotti said that his company’s compound average growth rate has been 16% since he acquired the shipyard in 2004.
Sales in 2016 were 26% higher than 2008 which, just before the downturn started, represented a record year for many shipyards. The company saw its order book increase by 40% this year, with 28 yachts in production.
“The budget forecast for 2017 appears to be even more encouraging, with a turnover reaching €275m and an EBITDA increasing by 12% to €28m, thanks to a 35% increase of the production, with 38 yachts,” said Perotti.
In addition, the Sanlorenzo chair said efforts to open new markets in EMEA and APAC (Asia-Pacific), along with consolidation in the Americas helped push the growth.
The company also saw a significant increase in the average length of its yachts as it entered the superyacht sector with new launches.
Perotti said that Sanlorenzo is the only shipyard to maintain its workforce intact during the downturn. Last year, it hired 50 new employees at different levels of the company.
Sanlorenzo expects to hire another 50 in the next fiscal year. Its direct employee workforce will number 300, along with 700 workers employed by its subcontractors.
The company has also expanded its production sites. Its Ameglia headquarters will be double its original size by 2018. Its Viareggio yard will acquire two new sheds and a large external area that will allow for the production of 20-50 fibreglass motoryachts between 78ft-140ft.
Its acquisition of the Cantieri San Marco in La Spezia has helped its expansion into the superyacht sector.
The La Spezia site houses large sheds on deep docks for a total surface area of 50,000sq m (30,000 indoors and 1,800 dedicated to the offices). Production of its metal superyachts (40Alloy, 460Exp, 46Steel, 52Steel, 64Steel and the upcoming 67Steel) is taking place at this shipyard. It has a production capacity of eight superyachts.
Perotti said that total investment for the 2017-2019 period will be about €60m, including €20m for new products and €40m in the shipyards and other assets.
Sanlorenzo has been ranked second in ShowBoat International’s global order book since 2014. In 2016, according to Perotti, its number two position remained intact with 54 new projects and 1,891m under construction.
Construction of 64Steel, Sanlorenzo’s largest superyacht built to date, has already started in the new production site in La Spezia. The delivery of this 64m project is scheduled in 2019.
This 1,500 tonnes superyacht is powered by two Caterpillar 3516C of 1771 kW or two MTU 16V4000 M63 of 2000 kW to provide maximum speed of 17ks.
The layouts are designed on requests and can count six or seven double cabin, while the crew have nine cabins.
In addition, two 52Steel models are under construction in the new Sanlorenzo Superyacht site in La Spezia. She has been designed to accommodate 10-12 guests and a crew of nine.
Sanlorenzo 52Steel is a semi wide-body superyacht, under 500gt. It is equipped with two Caterpillar 3512C of 1500 kW for a maximum speed of 17ks. At an economic speed of 11ks its maximum range is 4400 nautical miles.