All Europe articles – Page 156
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NewsSanlorenzo’s 2019 preliminary results show 39% growth in revenues
Following its IPO in December, Italian yachtbuilder Sanlorenzo posts strong gains in sales and profitability with EBITDA up 73.4% to €66m
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NewsSanlorenzo opens new production facilities in Ameglia
The project began in 2018 and involved over 200 workers, 20,000 hours of design and 250,000 man hours
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NewsItaly’s marine trade associations reunite
Members of UCINA and Nautica Italiana agreed to combine their organisations into one body to represent Italy’s boating industry domestically and internationally
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Serbian group to invest in new Italian marina
Serbia’s MK Group has announced plans to invest some €110m (US$121m) to boost its presence in the Adriatic Sea, including a project to build a new marina in Italy’s Trieste.
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NewsItaly’s ISG yacht group is next up for an IPO
The latest boat industry company to set its sights on a public listing is the Italian Sea Group, with plans to float up to 35% of its share capital on the Italian stock market in the second half of 2020
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NewsBeneteau enters expedition market
Group Beneteau has announced its entry into the expedition yacht segment with Project E – a new line of displacement yachts which will be launched in 2021 in two lengths – 62- and 73-feet. Models of the new vessels are on display at Boot Dusseldorf.
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NewsEarly estimates show 2019 growth in Italy
Preliminary estimates from members of the Italian boating industry point to continued growth in 2019, approaching 10%
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NewsItalian yard re-enters market with new vision
Italian shipyard Aicon Yachts has re-entered the market with a new semi-custom model, the 20m Aicon 66, due for launch soon.
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NewsTransfluid obtains DNV-GL Type Approval
Transfluid Trasmissioni Industriali, an Italian power transmission manufacturer, says it has recently become the world’s first company to obtain two DNV-GL Type Approvals – one for its complete range of marine parallel hybrid modules and another for its LiFePO4 Battery Banks.
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NewsSanlorenzo IPO to proceed at £16 per share
Italian yachtbuilder Sanlorenzo confirms the success of its public offer for up to 35% of the company’s share capital
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NewsSanlorenzo IPO update
Italian yachtbuilder Sanlorenzo on track for public share listing on 10 December
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NewsSanlorenzo braves the IPO market
Although investors have been lukewarm to a range of IPO opportunities in recent months – including Ferretti’s withdrawn public floation last month seeking a valuation of up to €1.08bn – Sanlorenzo is plunging ahead with its own offer. Industry awaits market response as an indicator of investor appetite.
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NewsLignia Wood Co appoints new dealer for Italy and Switzerland
Growing involvement with yacht market
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NewsAmico inaugurates 4,000-tonne capacity shiplift
Genoa-based Amico & Co officially inaugurated it new €27m, 4,000-tonne capacity shiplift on Thursday. The new facility is not only an important development for this global leader as a superyacht refitter, but also a major bonus for Genoa in its ongoing campaign to become a key superyacht hub.
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NewsPershing presents new motoryacht range
Italian sports yacht builder Pershing has announced the launch of the TØ project, a new range of motoryachts that is expected to redefine the boundaries of the 25m-40m market segment.
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NewsVenice floods cause €500,000 damage to gondolas
As a prime tourism attraction and a major marine centre for boating, visiting superyachts and cruise ships, the traditional gondoliers in Venice have been hard hit by the floods currently affecting the city. Some 70% of this famous location are now covered by the floods, the worst for 50 years ...
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Osculati reports strong 2019 results
Italy’s Osculati Group has reported turnover of €72m for the year ended August 31, 2019 – an 8% increase over the same time last year. Positive performance was recorded across all markets and product categories, with sales in Italy up 5% and sales in the rest of Europe up 9%. ...
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“Yacht orgy” scandal forces Hungarian Mayor to resign
Zsolt Borkai, the mayor of Gyor, the largest city in western Hungary, who easily won reelection to a fourth term last month despite a video made public showing him participating in an orgy on a luxury yacht, will step down from his position on Friday because of his “moral predicament”.
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