The Board of Directors of The Italian Sea Group S.p.A., approved the selected information relating to the business performance in the third quarter 2021 (Revenues; EBITDA; Backlog; Net Financial Position; Investments). In the first nine months of 2022 TISG has recorded Total Revenues equal to EUR 210.3 million, up 64.6% compared to EUR 127.8 million in the same period of 2021. The Gross Backlog (Order Book) as of September 30th 2022 equals to EUR 983 million, while the Net Backlog amounts to EUR 566 million. 35 yachts are currently under construction, of which 19 mega and giga yachts and 16 Tecnomar for Lamborghini 63.
Nine months after the completion of the Perini Navi acquisition and the integration of the related assets, The Italian Sea Group confirms its strategy for the relaunch of the brand and the production plan previously communicated to the market. The restyling of the Perini Navi fleet continues; the first model, a 56 meter ketch, has been recently unveiled and has been developed in collaboration with Malcolm McKeon Yacht Design. The partnership, in line with the plan of continuity and development of sailing yacht production, reprises some of the most iconic stylistic elements of the Perini Navi fleet, reinterpreting them from a modern perspective, combining Malcolm McKeon’s input with TISG’s production standards.
The Italian Sea Group will continue to invest in the two important serial production projects, which have been recently presented – the Gentlemen’s Picchiotti line and the Admiral Panorama motor-yacht, maintaining its high-end positioning and utilizing exclusively noble materials, such as steel and aluminum. The Group confirms its strategy, stating that the production of the yachts will start only following the signing of sale contracts and without trade-ins.
The Italian Sea Group continues its sustainable development journey, with particular attention towards energy sources. The photovoltaic plant, installed in June in the Marina di Carrara shipyard, has already allowed for a significant production of green energy and has partially contributed to limit the effects of the recent increase in energy costs.
The plant is expected to cover 25% of the energy consumption of the Marina di Carrara production site, when construction works will be completed.
Furthermore, the Company continues to invest on young employees and excellences in the local community. In October 2022 the Company started the project “The Italian Sea Group Young Award”, aimed at rewarding young employees who stood out for passion, dedication, acquired skills, competences, and results achieved. Additionally, after the success of the past edition for the training program hosted by the TISG Academy in collaboration with prestigious Italian universities, new technical update programs for the Group’s young employees have started again in the month of September.
Giovanni Costantino, Founder & CEO of The Italian Sea Group
“The results of the first nine months of 2022 confirm a strong and constant growth, allowing TISG to position itself at the highest end of the Revenue Guidance for 2022, with an EBITDA Margin as of September 30th at 15.7%, well above the target already announced to the market. The solidity of our strategy is also testified by the success of our series production projects that, just a few months after their launch, have generated a strong commercial interest with the sale, in the third quarter 2022, of two Admiral Panorama 50 meter motor yachts. The implementation of these serial projects will allow a further acceleration of our growth path, by enhancing two different growth drivers and thus continuing to focus our internal engineering capacity on deeply innovative custom-made yachts such as the new Perini fleet, that will soon be launched and, we believe, will bring more momentum to our order portfolio. Furthermore, our investment plans progress steadily in all the three shipyards, with a significant focus on environmental sustainability thanks to the completion of the photovoltaic system in the Marina di Carrara shipyard and the successive start of the sheds coverage in the La Spezia and Viareggio production sites,” comments Giovanni Costantino, Founder & CEO of The Italian Sea Group.
The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters.
Credits: The Italian Sea Group
Palumbo Superyachts has introduced a new corporate logo as part of a broader effort to enhance its brand identity in the luxury yachting industry. The updated visual identity is designed to reflect the company's ongoing dedication to improving product quality and refining organizational processes.The new logo symbolizes more than just a stylistic change; it embodies Palumbo Superyachts' commitment to innovation and excellence. Central to this identity are the three P's that characterize the brand: Passionate, Pioneering, and Proactive.Passionate: Palumbo Superyachts approaches its projects with deep conviction, infusing its design and execution processes with enthusiasm that extends to client relationships.Pioneering: The company continues to push the boundaries of the industry, exploring new ideas and methods to position itself at the forefront of luxury yachting.Proactive: Palumbo Superyachts invests in research and technology, anticipating market trends to meet the evolving demands of its clients.This rebranding effort underscores Palumbo Superyachts' focus on achieving new milestones and strengthening its leadership position in the luxury yachting sector.Palumbo Superyachts began to take root in 2008, when the Columbus Yachts brand was established, and in 2011 launched its first 54 meter superyacht, emblematically christened “Prima” (“the First”). Currently, Palumbo Superyachts comprises a representative office in Monaco and a logistics network of five shipyards in the Mediterranean (Ancona, Malta, Marseille, Naples, and Savona), and also operates the following brands: ISA Yachts, Extra Yachts, Columbus Yachts, Mondomarine and Palumbo SY Refit.Credit: Palumbo Superyachts
September 9, 2024
The catamaran Acali, a premier example of the WiderCat 92 series, has been officially listed for sale at EUR11,900,000. Northrop & Johnson yacht broker Gabriele Modica Ragusa is representing the sale. Set to debut at the 2024 Cannes Yachting Festival, Acali showcases a blend of modern design, advanced technology, and Italian craftsmanship.Acali is the first multihull vessel produced by the Italian shipyard Wider Yachts. Measuring 28 meters in length and nearly 12 meters in beam, she is the widest yacht the company has constructed to date. The yacht's exterior, developed in collaboration with designer Luca Dini, combines aesthetic appeal with functionality.The yacht's interior offers considerable volume, especially on the forward main deck, which is entirely dedicated to the owner. The owner's suite features panoramic views, a centrally placed bed, and a spacious en-suite bathroom with luxury finishes.Acali accommodates up to eight guests in four cabins, including two VIP suites with drop-down balconies that convert into private terraces with direct ocean access. The fourth twin cabin is also designed with style and comfort in mind. The yacht's interior design features a bold color scheme and asymmetric patterns that complement her modern exterior.Outdoor spaces on Acali include a foredeck sunpad, a 67-square-meter beach club, and a transom hatch that transforms the tender garage into an extended swim platform. The yacht is equipped with fold-down bulwarks for easy launching of water toys, including a 4.5-meter tender and a Jet Ski.Acali is also notable for her sustainable features. She is powered by an advanced hybrid propulsion system supported by 170 square meters of solar panels, enabling eco-friendly cruising. The yacht can operate in full-electric mode, providing silent and vibration-free navigation. A smart battery management system stores excess solar energy, ensuring a sustainable experience without compromising on luxury.The construction of Acali was overseen by a renowned superyacht industry surveyor, ensuring high standards of quality and safety.Founded in 2010 and based in Ancona (Le Marche), Wider Yachts is an innovative Italian yacht builder shipbuilder specialized in electric and renewable energy-powered superyachts. Credit: Northrop & Johnson
September 9, 2024
The Ferretti Group's ninth annual "Private Preview" event at the Yacht Club de Monaco featured a standout live performance by British pop star Robbie Williams, marking the official opening of the 2024-2025 yachting season. The event, held on September 7, showcased the luxury yacht builder's 37-vessel fleet, including seven world premieres.Robbie Williams, the UK’s top-selling solo artist, delivered a private concert titled "Rock DJ," which captivated an exclusive audience of over 600 guests. The performance took place on a stage suspended over the water, with the audience surrounded by a display of yachts. Attendees included notable figures such as H.R.H. Prince Albert of Monaco, Ferrari driver Charles Leclerc, fashion designer Domenico Dolce, and actor Pierfrancesco Favino.The evening also featured a dinner prepared by chef Antonio Mellino, who recently earned his third Michelin star, adding to the event's prestige.“A big thank you to Robbie Williams for the style and extraordinary talent with which he won the hearts of our guests and friends. He entertains his audience with an incredible joy and generosity that are perfectly in tune with the passion Ferretti Group brings to the creation of ever more beautiful dream boats,” said Ferretti Group CEO Alberto Galassi. “This stellar Private Preview welcomes in a remarkable season for Ferretti Group and its fantastic new products. We'll carry the enthusiasm and energy of this event in our hearts for the rest of the season and our memories of it will remain truly unforgettable.”The Yacht Club de Monaco served as a striking venue for the event, offering guests exclusive visits and sea trials of the seven world premieres. Among these were the Custom Line Navetta 38, Pershing GTX80, Ferretti Yachts Infynito 80, and the Riva El-Iseo, the first fully electric powerboat from Riva.In addition to the yachts, the event featured collaborations with luxury brands, including Range Rover, Bang & Olufsen, and Dolce & Gabbana, among others. The event reflected Ferretti Group's commitment to blending yachting with high-end lifestyle experiences, setting the tone for the upcoming season.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credit: Ferretti Group
September 9, 2024
Acquera, a company specializing in personalized services for mega yachts, is set to make a significant impact at the 2024 Monaco Yacht Show with the unveiling of its new brand image. The event, taking place from September 25th to 28th, marks the beginning of the 2024-2025 nautical season and will serve as the platform for Acquera's rebranding debut.Founded in 2018 by Stefano Tositti, Acquera has undergone a comprehensive rebranding process over several months, resulting in a refreshed and more visually striking corporate identity. This new brand image aims to unify the various companies within the Acquera group under a strong, recognizable brand that reflects the company's innovative spirit and future-focused vision.Acquera will welcome customers in a prominent location at the Monaco Yacht Show, situated within The Lounge @ MK Club. The stand, described as the largest and most refined ever for the company, will be shared with four other notable brands in the sector: The Super Yacht Group, MedAire, Dsnm, and Wilson Halligan Recruiter. This collaborative project is designed to foster connections and create synergies that will elevate industry standards.Caterina Oliviero, Chief Commercial Officer of Acquera, emphasized the significance of the Monaco Yacht Show as the ideal venue for presenting the company's new image. "We are particularly proud to do so in this exclusive Lounge, in collaboration with four companies with which we share the same desire to enhance the sector to a higher level," said Oliviero. She also highlighted the event's potential for generating new ideas and expanding Acquera's customer base.The rebranding effort focuses on making the company's iconography more visually impactful, with new color codes that enhance readability and a greater emphasis on images over text. The goal is to communicate Acquera's new positioning in the market, showcasing its commitment to innovation and the development of the yachting industry.Acquera's presence at the Monaco Yacht Show underscores its commitment to forming strategic partnerships and offering comprehensive services to all industry stakeholders, including yacht owners, captains, and other professionals. The company will be located at The Lounge, MK Club, 18 Rte de la Piscine, 98000 Monaco, from September 25th to 28th.Credit: Acquera
September 6, 2024
The Italian Sea Group has recently launched the ADM 67m, a 67-meter superyacht from the Admiral fleet. The yacht, a product of collaboration between The Italian Sea Group’s CENTRO STILE and British designer Mark Berryman, is set to make its world premiere at the Monaco Yacht Show from September 25 to 28, 2024.The ADM 67m features a design characterized by bold, sculptural lines combined with refined details. The yacht’s exterior and interior layout were crafted by CENTRO STILE, while the interior design was developed by Berryman and executed by CELI 1920, The Italian Sea Group’s cabinet-making division. According to Giovanni Costantino, Founder and CEO of The Italian Sea Group, the yacht’s aesthetic reflects a balance of harmony and audacity, consistent with the Admiral fleet’s design philosophy.The ADM 67m’s design concept is built around a new relationship between internal and external spaces, with large, floor-to-ceiling glass walls that create versatile hybrid zones. These spaces can adapt to various guest needs, time of day, and weather conditions, offering a unique at-sea experience. The yacht also features fold-down balconies and large hatches that enhance usable space, providing dedicated areas for outdoor activities and relaxation.The yacht’s interiors are described as luxurious yet understated, with a calming color palette that includes warm whites, sand, beige, and natural tones. The design maintains a contemporary and sophisticated style without excess, aiming to create a serene and informal atmosphere on board.The ADM 67m is the latest addition to The Italian Sea Group’s Admiral fleet and is expected to draw significant attention at the upcoming Monaco Yacht Show.Credit: The Italian Sea Group
September 6, 2024