Yacht maker Sanlorenzo says none of its Russian clients subject to sanctions

Sanlorenzo SpA

04/03/2022 16:57

MILAN, March 4 (Reuters) - Italian yacht maker Sanlorenzo
 SNL.MI  on Friday said none of its Russian clients were subject
to the sanctions that hit Moscow after last month's invasion of
Ukraine.
    It added that orders by customers of Russian nationality
represented less than 10% of its backlog, spread over three
financial years. The backlog was worth just over one billion
euros ($1.09 billion) at the end of January.
    The company said that the payments of its Russian customers
were regular and that no order had been cancelled so far, adding
it was constantly monitoring the situation and all updates
regarding international sanctions.  
    

($1 = 0.9164 euros)

 (Reporting by Federico Maccioni, editing by Giulia Segreti)
 ((Federico.maccioni@thomsonreuters.com; +39 3420768883;))