The first harbour of every news

Home > Shipyards > Sanlorenzo > Preliminary results as at 30 june 2020 and update on Perini Navi

Featured tags:

Preliminary results as at 30 june 2020 and update on Perini Navi

 Print article
Sanlorenzo Spa
Sanlorenzo Spa

Ameglia (SP), 10 July 2020 – The managing directors of Sanlorenzo S.p.A. (“Sanlorenzo” or the “Company”) examined and announce certain consolidated preliminary results as at 30 June 2020.

advertising

Consolidated preliminary results as at 30 june 2020

Adjusted EBITDA  is expected at around €25 million, in line with the figure as at 30 June 2019.
Net financial position is between €24 and €26 million, representing a significant improvement compared to €61 million as at 31 March 2020 (€9 million as at 31 December 2019 following the IPO).

Backlog  is expected at approximately €566 million, representing a €65 million increase compared to €501 million as at 31 March 2020 (€568 million as at 30 June 2019). In particular, backlog as at 30 June 2020 covers approximately 90% of Net Revenues New Yachts  expected in 2020 substantially in line with 2019 and approximately 35% of Net Revenues New Yachts expected in 2021.

The Board of Directors called for approval of the half-year financial report will meet on 31 August 2020, as per the financial calendar. 

Update on Perini Navi
Sanlorenzo announces the expiration of the exclusivity period granted by the shareholders Fenix S.r.l., a company owned by the Tabacchi family, and Lamberto Tacoli, for the evaluation of the potential transaction which, where carried out, would envisage Perini Navi S.p.A. (“Perini Navi”) to be majority-owned by Sanlorenzo.

Negotiations are still ongoing. In view of the fact that Perini Navi applied for composition with creditors under the Italian bankruptcy law (“concordato”) and that a judicial commissioner has been appointed, Sanlorenzo reserves the right to evaluate potential future initiatives under the procedure.
 

Latest news