Brief: Sanlorenzo Q1 Net Profit Up To EUR 14.0 Mln

Sanlorenzo SpA

05/05/2022 16:16

May 5 (Reuters) - Sanlorenzo SpA  SNL.MI :
    * CONFIRMED 2022 GUIDANCE, WITH DOUBLE-DIGIT GROWTH OF ALL
MAIN
METRICS
    * Q1 NET REVENUES NEW YACHTS AT €164.4 MILLION (+39.3% YOY)
    * Q1 ADJUSTED EBITDA AT €25.9 MILLION  (+49.6% YOY)
    * Q1 GROUP NET PROFIT AT €14.0 MILLION, +69.3% COMPARED TO
€8.3
MILLION IN THE FIRST QUARTER OF 2021
    * DIVERSIFICATION OF SALES, WITH MARGINAL EXPOSURE TO
RUSSIA,
CHINA, IS ANOTHER REASON FOR CONFIDENCE, GIVEN CURRENT MACRO
SCENARIO
    * CUSTOMERS OF RUSSIAN NATIONALITY NOT AFFECTED BY
INTERNATIONAL
SANCTIONS AT AN INDIVIDUAL LEVEL, AS OF TODAY NO ORDERS HAVE
BEEN CANCELLED
    * GROUP HAS NO SUPPLIERS LOCATED IN RUSSIA AND IN THE AREAS
AFFECTED BY CONFLICT


Further company coverage:  SNL.MI 

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