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Investing.com -- Sanlorenzo stock gained 3% after the luxury yacht maker reported a stronger-than-expected order intake in the second quarter, offsetting a mixed set of financial results.
The Italian shipbuilder saw order collection surge 56% YoY to €242 million in Q2, significantly above analyst expectations of €195 million. This robust performance brought the company’s backlog to €1,439 million, representing a 5.5% increase compared to the same period last year.
Sanlorenzo’s second quarter revenue increased by approximately 9% YoY, largely in line with market expectations. However, this growth was primarily driven by the consolidation of Swan, without which revenues would have remained relatively flat.
The EBITDA margin came in at 18.2%, down 30 basis points from the previous year due to the dilutive effect of the Swan acquisition.
The company maintained its full-year 2025 guidance, projecting revenues between €960-1,020 million, EBITDA of €178-194 million, and net profit of €103-110 million.
Regional performance showed strength in Europe and Asia-Pacific markets, which more than compensated for continued weakness in North America.
"We welcome the strong intake figure, which should now find confirmation at the upcoming European boat shows, where the company will premiere several new models across brands," noted analysts at Kepler.
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