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The Italian Sea Group: all scheduled deliveries are confirmed for 2023

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TIGS confirms the deliveries of the three modern yachts in 2023 under the Tecnomar, Perini Navi, and Admiral brands, following the established schedule.

In June and December, the three yachts were delivered, previously unveiled at the Monaco Yacht Show 23:

  • Tecnomar This Is It, the futuristic 43m catamaran
  • Perini Navi Art Explorer, the 47m sailing catamaran, is among the largest in the world
  • Admiral S-Force 55, the motor yacht with interiors designed by Giorgio Armani, consolidating the company’s relationship with this brand

According to the Global Order Book 2024, The Italian Sea Group was recognised as one of the leading Italian builder of yachts above 50 meters in total length.

Art Explorer navigation | On cover: Tecnomar Motor Catamaran This Is It

With a combined length of 1,374 meters of yachts under production, the group ranks third globally in the superyacht and megayacht segment, about ten metres behind the second position. It also takes fifth place in the overall worldwide rating, moving up three spots from the previous year and maintaining its growth trend.

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

Admiral S-Force 55m

The visibility of the order book, with deliveries scheduled until the end of 2027, and the business development have allowed TISG to confirm its Guidance 2023 at the upper end of the range with Revenues of Euro 365 million and an EBITDA Margin of 16.5%.

TISG confirms all schedules of launches and deliveries for the upcoming 2024 (including five superyachts), as agreed with its owners.

“The achievements to date, being the third-largest yacht producer globally over 50 meters, the tremendous success at the Monaco Yacht Show, and the important awards received in 2023, confirm the validit. We will continue to invest in sustainable development and cutting- edge aesthetic and technological innovations”.

Giovanni Costantino, Founder & CEO of The Italian Sea Group

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