The Board of Administrators of The Italian Sea Group S.p.A., accepted the chosen info referring to the enterprise efficiency within the third quarter 2021 (Revenues; EBITDA; Backlog; Internet Monetary Place; Investments). Within the first 9 months of 2022 TISG has recorded Complete Revenues equal to EUR 210.3 million, up 64.6% in comparison with EUR 127.8 million in the identical interval of 2021. The Gross Backlog (Order E book) as of September thirtieth 2022 equals to EUR 983 million, whereas the Internet Backlog quantities to EUR 566 million. 35 yachts are at present below development, of which 19 mega and giga yachts and 16 Tecnomar for Lamborghini 63.9 months after the completion of the Perini Navi acquisition and the combination of the associated belongings, The Italian Sea Group confirms its technique for the relaunch of the model and the manufacturing plan beforehand communicated to the market. The restyling of the Perini Navi fleet continues; the primary mannequin, a 56 meter ketch, has been just lately unveiled and has been developed in collaboration with Malcolm McKeon Yacht Design. The partnership, in keeping with the plan of continuity and improvement of crusing yacht manufacturing, reprises a number of the most iconic stylistic components of the Perini Navi fleet, reinterpreting them from a contemporary perspective, combining Malcolm McKeon’s enter with TISG’s manufacturing requirements.The Italian Sea Group will proceed to put money into the 2 essential serial manufacturing tasks, which have been just lately introduced – the Gents’s Picchiotti line and the Admiral Panorama motor-yacht, sustaining its high-end positioning and using solely noble supplies, akin to metal and aluminum. The Group confirms its technique, stating that the manufacturing of the yachts will begin solely following the signing of sale contracts and with out trade-ins.The Italian Sea Group continues its sustainable improvement journey, with explicit consideration in the direction of vitality sources. The photovoltaic plant, put in in June within the Marina di Carrara shipyard, has already allowed for a big manufacturing of inexperienced vitality and has partially contributed to restrict the consequences of the current improve in vitality prices.The plant is anticipated to cowl 25% of the vitality consumption of the Marina di Carrara manufacturing website, when development works will probably be accomplished.Moreover, the Firm continues to speculate on younger staff and excellences in the local people. In October 2022 the Firm began the mission “The Italian Sea Group Younger Award”, aimed toward rewarding younger staff who stood out for ardour, dedication, acquired abilities, competences, and outcomes achieved. Moreover, after the success of the previous version for the coaching program hosted by the TISG Academy in collaboration with prestigious Italian universities, new technical replace packages for the Group’s younger staff have began once more within the month of September.Giovanni Costantino, Founder & CEO of The Italian Sea Group“The outcomes of the primary 9 months of 2022 affirm a robust and fixed development, permitting TISG to place itself on the highest finish of the Income Steering for 2022, with an EBITDA Margin as of September thirtieth at 15.7%, effectively above the goal already introduced to the market. The solidity of our technique can also be testified by the success of our collection manufacturing tasks that, only a few months after their launch, have generated a robust business curiosity with the sale, within the third quarter 2022, of two Admiral Panorama 50 meter motor yachts. The implementation of those serial tasks will permit an additional acceleration of our development path, by enhancing two totally different development drivers and thus persevering with to focus our inside engineering capability on deeply progressive custom-made yachts akin to the brand new Perini fleet, that can quickly be launched and, we consider, will deliver extra momentum to our order portfolio. Moreover, our funding plans progress steadily in all of the three shipyards, with a big give attention to environmental sustainability due to the completion of the photovoltaic system within the Marina di Carrara shipyard and the successive begin of the sheds protection within the La Spezia and Viareggio manufacturing websites,” feedback Giovanni Costantino, Founder & CEO of The Italian Sea Group.The Italian Sea Group is a world operator within the luxurious yachting trade, listed on Euronext Milan (“EXM”) and lively within the development and refit of motor yachts and crusing yachts as much as 140 meters. The Firm, led by Italian entrepreneur Giovanni Costantino, operates in the marketplace with the manufacturers Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Firm has a enterprise unit, NCA Refit, that manages the upkeep and refit providers for yachts and mega yachts with a size over 60 meters. Credit: The Italian Sea Group

November 11, 2022