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Tag "Sanlorenzo"

Perini Navi declared bankrupt

Perini Navi declared bankrupt

Italian superyacht yard, Perini Navi has been declared bankrupt after its debt structuring plan was thrown out by an Italian court. According to Italian media (Il Tirreno and Milano Finanza), the Court of Lucca — just west of Florence —

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Sanlorenzo: ‘Solidity and resilience’ reflected in Q3 results

Sanlorenzo: ‘Solidity and resilience’ reflected in Q3 results

Sanlorenzo’s third-quarter results demonstrate “solidity and resilience” are reflected in the third quarter results Massimo Perotti, the company’s Executive Chairperson, said during Monday’s meeting of the board. Net revenues from the sale of new yachts for 2020 reached €322.6m, down

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Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit have signed an agreement for a credit line of €15m aimed at supporting companies within the shipbuilder’s production chain. The agreement allows immediate access to liquidity, funds will be available to Sanlorenzo suppliers first to finance their

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Flagship: No show for yacht show, what’s the impact?

Flagship: No show for yacht show, what’s the impact?

Yacht show cancellations worldwide have left a calendar empty of almost all face-to-face events for the remainder of the year. One notable exception is the Fort Lauderdale International Boat Show, due to take place between October 28th – November 1st.

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Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Superyacht builder Sanlorenzo has won the Deloitte Best Managed Company award for the third consecutive year. The prize is awarded by Deloitte every year to Italian companies that have stood out on the market. The firms are evaluated according to

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Sanlorenzo in positive position despite Covid-19 

Sanlorenzo in positive position despite Covid-19 

The Italian superyacht builder, Sanlorenzo, has published its latest preliminary financial results as of June 30th, indicating a net financial position between €24m and €26m, which it says represents a significant improvement compared with  €61m reported on 31st March.  Furthermore, adjusted earnings before

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Sanlorenzo reports 2019 net revenue up 39% to €455.9m

Sanlorenzo reports 2019 net revenue up 39% to €455.9m

All Sanlorenzo’s divisions reported growth in preliminary full-year results posted today. Superyacht builder Sanlorenzo has reported a 39.3% increase in net revenue to €455.9m from new-yacht sales in its prelimnary results for 2019.  The Italian yacht builder also posted adjusted

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OPINION: Sanlorenzo’s flotation comes in a tough year for launches

OPINION: Sanlorenzo’s flotation comes in a tough year for launches

This year has proved to be far from vintage for initial public offerings (IPOs) – with mixed results, but Sanlorenzo is ending the year on a high. Its shares were listed at €16 each on the Italian stock exchange, the

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Sanlorenzo shares start trading at €16 each after IPO confirmed

Sanlorenzo shares start trading at €16 each after IPO confirmed

Massimo Perotti, executive chairman and of Sanlorenzo and EY award winner, remains the majority shareholder after the IPO. Sanlorenzo’s shares began trading at €16 each on the Italian stock exchange, the Borsa Italiana, on Wednesday December 11, after the superyacht

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Sanlorenzo aiming for €650m valuation as float nears

Sanlorenzo aiming for €650m valuation as float nears

Massimo Perotti was named as Italy’s Entrepreneur of the Year by EY.  He will continue to be the majority shareholder after the float. Sanlorenzo, the Italian yard, is hoping to be worth between €552m and about €656m when it lists

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