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
The upcoming South Coast & Green Tech Boat Show 2025 at Ocean Village Marina in Southampton will showcase several world and UK premieres from leading marine manufacturers. The event, scheduled for May 9-11, will highlight new models across both power and sail categories with a focus on innovation and sustainable technologies.Among the notable debuts, Cockwells Modern & Classic Boatbuilding will present the Hardy 45 European, making its world premiere. The 45-foot vessel combines offshore capabilities with inland waterway navigation, powered by twin Yanmar 440hp engines reaching speeds up to 28 knots. Dave Cockwell, Founder and Sales Director, stated: "Our all-new Hardy 45 European provides an extraordinarily luxurious and secure environment for ocean crossings and long-distance cruising."Hardy 45The show will introduce four models to the UK market for the first time, including the BENTE28 sailing yacht with its distinctive IMOCA-style dodger, the high-speed Delta 33 Coupé from Sweden, the modular Axopar 29 Sun Top adventure boat, and the versatile Saxdor 340 GTWA walkaround cruiser.Hanse 360Additional show debuts will feature the award-winning Hanse 360 sailing yacht, recently named European Yacht of the Year 2025, alongside the FJORD 39 XL powerboat and the Absolute 47 Fly flybridge cruiser. The Hanse 360 offers an optional sustainable sail package using recycled materials.Absolute 47 FlyTim Mayer, Sales and Marketing Director at MDL Marinas, commented: "Each year the South Coast & Green Tech Boat Show grows in scale and significance." The event will display over 90 boats both in-water and shoreside at the Harbour Hotel Southampton location.Credits: South Coast & Green Tech Boat Show
May 6, 2025
Benetti has launched FB287, a fully customized 67-meter steel yacht from its B.Now series featuring the Oasis Deck® design. The vessel represents Benetti's steel-hulled superyacht expertise, with exterior design by RWD and interiors by Sinot Yacht Architecture & Design. Engage Maritime served as owner's representative throughout the project."The launch of FB287 demonstrates the capabilities of the Benetti shipyard and the possibilities for clients to realize their ultimate expression of the yachting lifestyle," said Daniela Petrozzi, Benetti Sales Director.Key customizations include a rectangular elevator, marble guest staircase with glass balustrade, widened corridors, and multiple pool areas - an infinity pool on the Oasis Deck®, a spa pool on the observation deck, and a reflecting pool with waterfall effect on the owner's deck. The yacht features a lower-deck spa complex with sauna and steam room, a main deck saloon with grand piano, and an entire upper deck dedicated to the owner's private use.Originally conceived with light beach house interiors, FB287's owner requested a darker, richer aesthetic inspired by Gatsby-era styling. The final design incorporates woods like sycamore, ebony, and macassar, along with specialty marbles and metal detailing. Despite the dramatic style change from initial concepts, the design maintains seamless flow between interior and exterior spaces through coordinated material selections.Following launch, FB287 will undergo sea trials before scheduled delivery this summer. The project marks Benetti's successful adaptation of its B.Now platform to meet specific owner requirements while maintaining the series' signature indoor-outdoor living philosophy.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Giuliano Sargentini/Benetti
May 6, 2025
The 35.51-meter sailing yacht Kiboko 4, designed by Nauta and built by Southern Wind, has been named "Sailing Yacht of the Year" at the 2024 World Superyacht Awards. This marks the second accolade for the SW108 series, following the recent regatta victories of sistership Gelliceaux at the St Barths Bucket and Ibiza JoySail events.Developed with naval architecture by Farr Yacht Design, Kiboko 4 was conceived to deliver optimal sailing performance while maintaining comfort for both competitive racing and leisure cruising. The owner's specifications emphasized enhanced speed, superior handling characteristics, and versatile functionality across different sailing conditions.The yacht's exterior showcases Nauta's signature GT styling with clean, modern lines and practical deck arrangements. Notable features include a composite coach roof with distinctive lightning bolt detailing, a color scheme pairing a dark hull with light grey superstructure, and an innovative transom that converts between tender garage and beach club configurations. Sustainable materials were incorporated throughout, including decking sourced from responsibly managed forests.Internally, the design team created a contemporary interior with Mediterranean influences. The layout maximizes natural light through generous hull windows and a saloon skylight, while material selections combine light oak woodwork with walnut accents and custom fabric treatments. Accommodation includes four guest cabins and three crew cabins, with the owner's suite positioned forward for privacy."We wanted to create something that embodies the owner's vision of blending performance with beauty, all while offering the versatility required for both thrilling regatta sailing and serene cruising," said Massimo Gino, CEO of Nauta.The award recognizes Kiboko 4's successful integration of high-performance sailing capabilities with refined living spaces, establishing it as a notable example in the superyacht sailing category.Southern Wind is a boutique bluewater sailing yacht shipyard founded in Cape Town in 1991. Since its foundation, SWS has specialized in the production of semi-custom high-performance superyachts. Credits: Southern Wind
May 6, 2025
Pearl Yachts will debut its new Pearl 63 model in the UK at two May events: the South Coast & Green Tech Boat Show (May 9–11, Southampton) and the British Motor Yacht Show (May 15–18, Swanwick Marina). This follows the yacht's global premiere at the 2025 Palma International Boat Show.The Pearl 63 builds on the award-winning Pearl 62 design, offering a 60-foot yacht with family-friendly features. Key specifications include:Aft Cockpit: Opening side balconies and convertible L-shaped sofa seatingSaloon: Family-sized dining table and multifunctional chaise longueFlexible Space: Tender garage (fits Williams MiniJet 280 or SeaDoo Spark) or optional crew cabinAccommodation: Four cabins for eight guests, including a full-beam master suite with private access and panoramic windowsInteriors: Four design themes by Kelly Hoppen InteriorsPerformance: Optional 2 x Volvo Penta IPS 1350 engines for speeds up to 33 knotsIain Smallridge, Managing Director of Pearl Yachts, stated: “We are delighted to bring the Pearl 63 to British shores for the first time, and to do so at two events that represent the heart of UK yachting. These shows may be more intimate than their international counterparts, but they are no less important.”The Pearl 63 targets owner-operators seeking a balance of luxury and practicality. Both UK events provide opportunities for direct client engagement ahead of the model’s 2025 delivery schedule.Pearl Yachts was founded in 1998 and has now become one of the UK’s most prominent shipyards. Every Pearl motor yacht is designed and built by experienced craftsmen. Pearl’s fleet consists of the new Pearl 62, the Pearl 80 and the Pearl 95. All newly launched Pearl Yachts are covered by a unique, comprehensive five-year warranty program.Credits: Pearl Yachts
May 5, 2025
Winch Design has revealed the interior of the ninth hull in the Amels 60 Limited Editions series, developed in collaboration with Dutch shipyard Amels. Launched in 2019, the Amels 60 offers semi-custom construction with full-custom flexibility, balancing reduced delivery times and personalized design. The exterior was designed by Espen Øino.Winch Design previously handled interiors for Come Together, hull three and hull six 21.12. Come Together received a World Superyacht Award and an ISS Award in 2023.The ninth hull’s interior draws inspiration from the Pacific Islands, with each deck reflecting different natural elements. Materials include wood, stone, plaster, and leather, complemented by marble accents. Carved wood flooring in the beach club reinforces a barefoot-living concept, while curved forms and a soft palette promote relaxed sophistication.The lower deck features warm, earthy tones reminiscent of sand and forests, while the main deck incorporates oceanic blues. A central staircase, inspired by Pacific rainforests, connects the decks and leads to a bridge deck designed to evoke tropical greenery.“We created a refreshing interior derived from the Pacific Islands, with a focus on vegetation, the ocean and the sky,” said Jim Dixon, Managing Partner & Creative Director at Winch Design. “We started with a neutral and natural canvas and created unique features such as a back-lit onyx wall with an internally illuminated sculptural staircase column.”Hull 6009 remains under construction, with delivery scheduled for 2026. The yacht is currently available for purchase, allowing the new owner to finalize select details.Damen Yachting, a division within the Damen Shipyards Group, was created in 2019. The division combines the pedigree and heritage of Amels yachts with a growing portfolio of SeaXplorer yachts and Yacht Support vessels.Credits: Damen Yachting
May 5, 2025