Italy · Delayed Price · Currency is EUR The Italian Sea Group Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA declined in H1 2025, with net profit down 58% and guidance for the year revised lower due to geopolitical uncertainty. New shipbuilding grew, but refit revenue dropped sharply as the company focused on larger projects. Extraordinary charges impacted EBITDA.
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Q1 2025 saw 1% revenue growth to EUR 96.8 million and a 4% EBITDA increase, with guidance for the year reaffirmed. The order book remains strong at EUR 1.22 billion, and luxury partnerships are expanding, despite some geopolitical uncertainties.
Fiscal Year 2024
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Italian Sea Group delivered 11% revenue growth and record EBITDA margin in 2024, with strong order backlog and robust 2025 guidance. M&A and ESG initiatives support luxury positioning, while market demand for large yachts remains resilient.
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Management is satisfied with performance, reporting a EUR 533 million net backlog and expecting to close at least one major contract soon, with guidance for next year unchanged.