Sanlorenzo reports over 40% turnover growth in 2016
Published: Wednesday, 14 June 2017
Sanlorenzo has been experiencing a steady growth in the 2000s with an average rate of 18.7%.
(Photo: Sanlorenzo - CEO Massimo Perotti)
The year 2016 saw a turnover of 314 million euro, which increased by 42% compared to 220 million euro in 2015; 25.4 million euro EBITDA, which went up by 21% from 2015, thanks to a production growth of 28 yachts and five superyachts sold in 2016.
The company invested 60 million euro for the near future. By 2019, the shipyard forecasts its new eight models can satisfy the international market with 20 million euro. The remaining 40 million euro will be used in the expansion of its two production facilities in Ameglia and La Spezia.
Ameglia, dedicated to the production of yachts in fibreglass, will cover a 75,000sqm area designed by Studio Archea Projects. The La Spezia facility, acquired in 2016 and dedicated to the production of superyachts in metal, will be completely renovated with 1,800sqm of new offices and 30,000spm of production area.
Recently named the "Knight of the Order of Merit for Labour" by the Italian Republic President Sergio Mattarella, Salorenzo CEO Massimo Perotti confirmed that the company’s workforce and employees avoided employment cuts and the use of social safety nets during years of bad economy, and the workers reached an increased productivity bonus of 40% this year, in line with the 2016 turnover growth.