Sanlorenzo free of outside capital

Perotti sold the company shares in 2013 to Sundiro, which manufactures motorbikes and e-bikes, at a time when the yacht industry was going through a global crisis. The Perotti family now holds 96 per cent of the Sanlorenzo shares via Happy Life Holding, having re-acquired a further 16 per cent from an Italian investment fund a few months ago. The Sanlorenzo management holds an equity stake of four per cent. Massimo Perotti is extremely satisfied with the current development: "Turnover increased from 300 to 380 million euros from 2017 to 2018. We are expecting growth of 20 per cent for 2018. We also have an order backlog of 500 million euros for 2019 and 2020 and are investing 100 million euros by 2020. Of this, 52 per cent will be invested in the expansion of production facilities, 42 per cent in the expansion of the product family and six per cent in research and development."