According to the Global Order Book 2024, The Italian Sea Group is confirmed as the first Italian manufacturer to produce yachts over 50 metres in length.
Boat International, the magazine for the global yachting industry, annually
collects and analyzes the global order portfolio of 177 shipyards across the five continents, ranking the best international yacht builders with lengths exceeding 24 meters.
Excluding the production of the Tecnomar for Lamborghini 63, which has approximately one delivery per month, TISG, with 24 active projects for a total length of 1,374 metres, secures the third place globally in the superyacht and megayacht segment and the fifth position in the overall world ranking.
A steady growth
This marks a rise of 3 positions compared to the previous year, validating its growth trend.
“I am extremely proud of this achievement, which came after a year filled with significant successes and sacrifices. With 12 more active projects compared to the 2022 ranking, we have won the third place just 10 meters behind the second in the standings. I express my gratitude and share this success with the entire outstanding team at The Italian Sea Group”.
Giovanni Costantino Founder & CEO of The Italian Sea Group
The results highlighted by the Global Order Book emphasized by positive growth and solid financial results.
In the first nine months of the year, TISG recorded a 25% increase in Revenues, with an EBITDA Margin of 16.5% and an order book reaching the value of 1.3 billion Euros.
Deliveries are scheduled until 2027, with a confirmed production progress that includes, in addition to the serial and continuous deliveries of the Tecnomar for Lamborghini 63, 3 deliveries in 2023, and 5 megayachts in 2024.
The business development and the extensive visibility of its backlog have also allowed
the Company to confirm the Guidance for 2023 in the highest part of the value range, with Revenues equal to 365 million Euros and an EBITDA Margin of 16.5%.
Furthermore, to reaffirm the Strategic Outlook for 2024 with Revenues between 400 – 420 million Euros and EBITDA Margin between 17 and 17.5%.
NCA Refit, which in 2023 recorded refit activities on 14 units between motor yachts and sailing yachts, also confirms that it is one of the most important companies at an international level in this business segment.
