Sunreef Yachts will participate in the Palma International Boat Show 2022

The Italian Sea Group (TISG) announces strong financial growth

In 2021, The Italian Sea Group recorded remarkable growth compared to 2020. Since June 8, 2021, the company has been listed on Euronext Milan from the Borsa Italiana. The resources raised during the IPO – equal to 44.5 million euros – proved essential to finalize the acquisition of Perini Navi, one of the most prestigious brands in the sailing superyacht industry. . The acquisition took place on December 22, 2021 through New Sail Srl, a wholly owned subsidiary of TISG, for a total value of €80 million. The operation was financed by available cash and long-term bank credit lines. The total value of the shipbuilding and refit order book as of December 31, 2021 is equal to 827 million euros, with wide visibility until 2026 of the projects under construction, of which approximately 80% are presented by yachts of the range +50m. At the end of 2021, the Net Backlog of Shipbuilding and Refit is equal to 536 million euros. The distribution of turnover by geographical area shows greater relevance of the American market. In particular, this increase is driven by the higher brand awareness in the Region, boosted by the collaboration with renowned American brokers, which has allowed the Company to enter the American market for large yachts, such as the confirmed the sale of an 82m Admiral mega yacht at the end of 2021. Giovanni Costantino, Founder and CEO of The Italian Sea Group“The year 2021 has been particularly important for The Italian Sea Group, with the strengthening of our activities in the mega yacht segment and in strategic markets such as the United States,” says Giovanni Costantino, Founder and CEO of The Italian Sea Group. production in Viareggio and La Spezia are already operational, the majority of employees have been reinstated and we have launched important projects with great commitment and energy, with the aim of further strengthening such a strong brand. stigious in the world of yachting. The results announced today confirm the success of our commercial strategy based on the continuous pursuit of excellence, innovation and quality. Based on these results, which allow us to look forward to the many future opportunities with great optimism and commitment, we confirm the 2022 Orientations.” An important additional element for the company’s strategy is the consolidation of the segment sailboats, which is experiencing a strong increase in demand also thanks to the growing interest of owners in sustainability and the environment. As confirmation, TISG undertook the completion of a 60m sailboat for a US client (order originally acquired from former Perini Navi ownership). Collaborations with brands of the caliber of Giorgio Armani and Automobili Lamborghini have helped to further strengthen the company’s positioning in the luxury segment and, as confirmation of what was announced during the IPO, TISG has the intention to finalize another important partnership. The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The company, headed by Italian entrepreneur Giovanni Costantino, operates in the market with the Admiral brands, renowned for elegant and prestigious yachts, Tecnomar, Perini Navi and Picchiotti; the company has a business unit, NCA Refit, which handles maintenance and refit services for yachts and mega yachts over 60 meters in length. Credits: The Italian Sea Group

March 25, 2022

Comments are closed.