Global Order Book 2024: TISG 1st Italian builder and 3rd in the world of yachts over 50m
The Italian Sea Group confirms the Italian leadership in the category of yachts over 50 metres in total length, secures third place on the world podium and rises to fifth place in the 2024 world rankings from eighth place in 2023
Superyachts over 50m: TISG 1st Italian builder and 3rd in the world
Global Order Book 2024: The Italian Sea Group is confirmed as the first Italian builder to produce yachts over 50 metres in length.
Boat International, the reference magazine for the global yachting industry, annually collects and analyzes the global order portfolio of 177 shipyards across the five continents in the Global Order Book, ranking the best international yacht builders with lengths exceeding 24 meters.
Global Order Book 2024: TISG rises to fifth place in the 2024 world ranking compared to eighth position in 2023.
Excluding the production of the Tecnomar for Lamborghini 63, which has approximately one delivery per month, TISG, with 24 active projects for a total length of 1,374 metres, secures the third place globally in the superyacht and megayacht segmentand the fifth position in the overall world ranking. This marks a rise of 3 positions compared to the previous year, validating its growth trend.
“I am extremely proud of this achievement, which came after a year filled with significant successes and sacrifices. With 12 more active projects compared to the 2022 ranking, we have won the third place just 10 meters behind the second in the standings. I express my gratitude and share this success with the entire outstanding team at The Italian Sea Group.”
comments Giovanni Costantino Founder & CEO of The Italian Sea Group.
The numbers: +25% in revenues, order book of 1.3 billion, 3 deliveries in 2023, 5 megayachts in 2024
The results highlighted by the Global Order Book 2024 confirm the Group’s high positioning, also emphasized by positive growth and solid financial results.
In the first nine months of the year, TISG recorded a 25% increase in revenues, with an EBITDA margin of 16.5% and an order book reaching the value of 1.3 billion euros. Deliveries are scheduled until 2027.
With a confirmed production progress that includes, in addition to the serial and continuous deliveries of the Tecnomar for Lamborghini 63, 3 deliveries in 2023, and 5 megayachts in 2024.
The business development and the extensive visibility of its backlog have also allowed the Company to confirm the Guidance for 2023 in the highest part of the value range, with revenues equal to 365 million euros and an EBITDA Margin of 16.5%.
Furthermore to reaffirm the Strategic Outlook for 2024 with revenues between 400 – 420 million euros and EBITDA Margin between 17 and 17.5%.
NCA Refit also confirms itself as a leader in the sector
Also NCA Refit, which in 2023 recorded refit activity on 14 units between motor
yachts and sailing yachts, confirms to be one of the most important companies in the
also in this business segment.
Since 1942 NCA Refit has been highly specialized in the refitting and maintenance of sailing and motor super yachts, providing crew and captains with exclusive services.