Sanlorenzo is again wholly Italian property | “Ready to invest 100 million”

One of the flagships of the boating industry in Italy, the Sanlorenzo Yacht shipyard in Ameglia, is all Italian again. The Italian shipyard is at the top of the world production of luxury yachts, is now owned by the Perotti family at 96%, after the chairman and CEO, Massimo Perotti, has bought back the 23% held by the Chinese company Sundiro Holding.

This important step took place a few months after the purchase for 22 million euros of 15.96% of the company that in 2010 had been sold to the Italian Investment Fund. The Perotti family then returns to have almost total control over the company with a 4% that is in the hands of management.

Turnover is growing, Sanlorenzo wants to invest 100 million

Turnover in 2018 was around 380 million, 80 million more than in 2017, with further growth estimates for 2019. These numbers are also confirmed by the fact that Sanlorenzo is at the top of the world’s leading manufacturers of boats over 30 meters (superyachts) with 39 boats delivered in the three-year period 2016/17/18.

Massimo Perotti, Ceo of Sanlorenzo

Massimo Perotti’s intention, however, is to go much further. With an order book of 500 million euros between 2019 and 2020, the chairman wants to invest about 100 million euros by 2020: about half increase production capacity, creating new construction spaces. About 40 million will be invested to create new models to meet world market trends while the remaining six million will be spent on research and development.

Sanlorenzo looks to the present and prepares the future

Alongside these investments, the company has decided to focus strongly on young people and their training with a project entirely dedicated and wanted by Massimo Perotti: the “Sanlorenzo Academy”. Given the lack of specialized professionals, the workers who have made the history of boating in Italy, Sanlorenzo wants to create “at home” the professional figures it needs by providing training opportunities for young people to hire. The aim is to create a virtuous circle with the world of work and yachting.