Q1 sales and profit up at Sanlorenzo

> Subscriber-only, By Arlene Sloan2020-05-11T15:56:00

The board of directors at Italy’s Sanlorenzo Group approved the financial results for the builder’s first quarter ended March 31, confirming the prior forecast for improved revenues and profitability, along with a solid backlog

Italian yachtbuilder Sanlorenzo Spa reported an 11% increase in consolidated net revenues for the sale of new yachts in the first quarter ended March 31, reaching nearly €100m. Revenues for the same period last year were €88.3m, which also improved 17% over Q1 2018.

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