Preliminary Q4 2024 Sanlorenzo SpA Earnings Call Transcript
Key Points
- Sanlorenzo SpA (SNLRF) reported a strong financial performance with a 17.6% revenue growth and a 3.1% increase in EBITDA margin over the past three years.
- The company has a robust backlog of EUR1.1 billion, providing strong visibility and covering 75% of the 2023 guidance.
- Sanlorenzo SpA (SNLRF) is pioneering sustainability in the yachting industry with plans to launch a 50-meter yacht using methanol fuel cells and a 20-meter zero-emission yacht.
- The company is expanding its production capacity by 25% to support future growth and plans further expansion by 2025.
- Sanlorenzo SpA (SNLRF) is enhancing its direct distribution in key markets, including Asia Pacific, to capitalize on high growth potential regions.
- The company acknowledges the cyclical nature of the yachting industry, which could impact future financial performance.
- Sanlorenzo SpA (SNLRF) faces challenges in maintaining high profitability margins, with a cautious outlook on achieving the 19.5% EBITDA margin target.
- The geopolitical situation and economic uncertainties, such as potential bank failures, pose risks to the company's growth projections.
- The expansion into refitting activities is still in the planning stage and considered an upside, indicating potential delays or challenges in execution.
- The company's ambitious sustainability goals require significant investment and technological advancements, which may present execution risks.
Thank you to everybody. (spoken in foreign language) We have people here in the room, but also on the web, on the telephone. It is not the best day to do these meetings, you all know, but I would say. We always have the duty to change bad moment to good moment, and I really hope you to spend the hour to see some nice forecast for the future in order to forget what is happening. In the stock exchange in Europe.
Okay, let's go to see what happened in the last 3 years, from the IPO to today.
(video playing)
Thank you very much. So first, the management team. I am here with Ferrucio, which is the general manager of Sanlorenzo SpA and the head of the Superyacht division. As you probably know, in our business, the most difficult work, the most difficult job is to grow and to be profitable in the superyacht.
Because above 40 meter, it is really a challenge, and, I have to say he's one of the few that, managed to do it, (spoken in foreign language) Carla on the side, the chair of
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