The Italian Sea Group has released indicative information on the performance of the business for the first nine months of 2024, in which - explains a note from the group - the shipyard recorded revenues of 292 million euros, up 11,4% compared to 262,2 million euros in the same period of 2023. Operating revenues, equal to 292,1 million euros, grew by 12,5% compared to the same period of 2023.
The overall order book, which includes both orders for new yachts and refit projects, amounts to 1,275 billion as of September 30, 2024, with a net backlog of 533 million. Furthermore, in the first nine months of 2024, TISG made investments for 7,2 million, aimed at internalizing high value-added production phases, such as the interior steelworks, as well as strengthening the infrastructure and commercial offices at the Marina di Carrara site. Despite an increase in net financial debt to 19 million, due in part to the payment of dividends and investments made, the company obtained a significant cash flow with the sale of the Viareggio shipyard for 21 million.
“Another positive quarter – underlines theAD Constantine – for Tisg, which recorded results in line with expectations. Following the excellent response obtained last September at the Monaco Yacht Show, with the presentation of superyachts with extremely refined aesthetics and excellent quality levels, we are working to finalize some important negotiations, between the end of 2024 and the beginning of 2025, which will give us further impetus to consolidate the 2025 guidance″.
Finally, following the resignation of Dr. Simona Del Re, the board of directors co-opted and appointed Dr. Filippo Menchelli as president, who had already held the same position from May 2020 to June 2024.
