Combining contributions from the shipbuilding and refit divisions, the substantial increase indicates a strong and progressive growth that lead to the Group forecasting total revenues to reach between €280 and €295 million by the end of 2022.
Publishing its latest financial report, The Italian Sea Group's 64.6 percent growth is the result of the progression of the existing motor and sailing yacht projects, plus the successful sales of other models including the Tecnomar for Lamborghini 63.
Very much like other shipyards that also reported higher figures like Sanlorenzo's double-digit growth, the shipbuilding division of The Italian Sea Group witnessed a 67.7 percent increase against 2021 figures, generating €185.7 million in the first three quarters of 2022.
Our innovative custom-made yachts such as the new Perini fleet, that will soon be launched will bring more momentum to our order portfolio.
Founder & CEO
The Italian Sea Group
With the refit division also contributing €26.6 million to the revenue pot, the Group firmly believes that the uptick has been influenced by its two new production lines – the Gentlemen’s Picchiotti line and the Admiral Panorama, plus the acquisition of Perini Navi in early 2022.
Continuing to restyle the Perini Navi fleet and increasing production capacity at both the Viareggio and La Spezia shipyards, The Italian Sea Group foresees continual increases in 2023 and even beyond.
To find out more about the models currently available for sale, take a look through our complete listing of all new and used yachts for sale.
