Italian shipyard Sanlorenzo has announced its quarterly earnings for the first three months of 2026, which delivered €223.2 million in order intake, a 25% from the same period year over year. In its financial presentation, the company shared key insights into Sanlorenzo’s performance in the Middle East market.
The company’s net revenue, which generated €222.1 million, climbed 4 percent from €213.5 million last year. The builder’s EBITDA was reported at €38.5 million, a 4 percent increase from 2025.
Breaking down its revenue by geographical area, Sanlorenzo’s earnings from new yachts in the Middle East region totaled €16.17 million, accounting for 7.3 percent of the split. The European market, meanwhile, leads as it’s the largest, posting €130.3 million, 58.6 percent of all earnings. This contrasts with the 25.1 percent decline the company experienced between 2024 and 2025, as deliveries were concentrated in Q4 2024.
During the earnings call, CEO and Managing Director Tommaso Vincenzi expressed interest in strengthening the brand’s presence in the context of a direct sales distribution model in the region, particularly in Jordan and Saudi Arabia.
72 percent of the company’s guidance has been completed for the year, bringing the order book to €1.2 billion, a 2.3 percent year-over-year climb.
During the earnings call, Chairman and Chief Executive Massimo Perotti shared some key insights into the future of yachting.
He believes buyers who are 30 years old today will fix their gaze on sustainability in yachting in 10-15 years’ time, even switching from motor to maxi.
Perotti predicts that the act of children pushing their parents to buy more environmentally friendly boats will only grow more pronounced in the next decade. Some options on this front still present challenges. “The problem here will be to see the future of logistics and distribution of methanol.”
Looking forward, he does not think the yachting sector will be affected by the downturn in the luxury sector, owing to the wellness and longevity trends. “As soon as they could have the money back to buy a yacht, they did it, because when you go yachting, it is very hard to change your life. The beaches are beautiful, but they are very boring.”
In Sanlorenzo’s 2026-2028 business plan, the group forecasts a surge in demand owing to the “experience-led luxury” wave. In tandem, the 30-75 yacht size market will benefit from this trend, predicted to grow at a CAGR of 5.7 percent.