The Italian Sea Group confirms the deliveries in 2023 of the 3 innovative yachts branded Tecnomar, Perini Navi and Admiral, in compliance with the schedule.

In June and December, the 3 yachts were delivered, presented as a world premiere during the Monaco Yacht Show 23: Tecnomar This Is It, the innovative and futuristic 43 m catamaran; Perini Navi Art Explorer, the 47m sailing catamaran, among the largest in the world; Admiral S-Force 55, the motor yacht with interiors by Giorgio Armani, which consolidates the partnership with this extraordinary brand.

The Italian Sea Group, according to the Global Order Book 2024, has once again confirmed itself as the first Italian manufacturer over 50 meters in terms of total length of yachts in production.

With a total length of 1,374 meters of yachts in production, it is in third place worldwide in the superyacht and megayacht segment, about ten meters behind second and takes fifth place in the general world ranking, rising 3 positions compared to the previous year and validating its growth trend.

The company concluded the first nine months of the year with a Gross Backlog of 1.3 billion Euros, a growth in Revenues of 25% and a significant increase in EBITDA of 31% with a Revenue Margin of 16.5 %.

The broad visibility of the order book, with deliveries scheduled until the end of 2027, and the positive development of the business have allowed TISG to confirm its 2023 Guidance in the highest part of the value range with Revenues of Euro 365 million and an EBITDA Margin by 16.5%.

TISG "confirms all launch and delivery schedules for next 2024" (5 superyachts), as planned with its owners.

"The results achieved to date, being the third largest manufacturer of yachts over 50m in the world , the great success achieved at the Monaco Yacht Show and the important awards received in 2023   confirm the validity of our development strategies and respect the expectations of the market and shareholders", commented Giovanni Costantino, Founder & CEO of The Italian Sea Group - We will continue to invest in sustainable development and in cutting-edge aesthetic and technological innovations" .