Sanlorenzo S.p.A. (SL) Earnings Call Transcripts

Sanlorenzo S.p.A.'s Latest Earnings Call - May 8, 2026

In Q1 2026, Sanlorenzo S.p.A. reported a 4% year-over-year revenue growth, reaching EUR 222.1 million, driven by strong performances in the Super Yacht and Nautor Swan divisions. EBITDA increased by 4% to EUR 38.5 million, with a margin of 17.3%. Management maintained cautious guidance for FY 2026, projecting revenues between EUR 980 million and EUR 1.020 billion and EBITDA of EUR 180 million to EUR 192 million, reflecting geopolitical uncertainties. The company emphasized its solid backlog and resilience in a challenging market environment, indicating a robust outlook for the coming years.

Reported metrics

Guidance from management

Management maintained a conservative outlook for FY 2026, projecting revenue growth of 4% and EBITDA between EUR 180 million and EUR 192 million. They also anticipate a long-term growth rate of 6% or more by 2028, with EBITDA margins expected to exceed 19%.

What management said

In the 3 years business plan, we have considered just a little increase in terms of services. We start from around 4% last year, and we consider to reach a percentage between 5% and 6%. So this is another opportunity that we indicated, especially for refit for further upside on the business plan.

So we have 2 questions from the chat. The first one is on the planned capacity expansion for large sailing yachts, are you considering the acquisition of existing local assets or infrastructure to accelerate this growth?

What analysts pressed on

Analysts expressed concerns regarding the geopolitical risks impacting sales, particularly in Russia and the Middle East. Additionally, there were questions about the company's conservative growth projections and the potential for margin expansion in light of ongoing market dynamics.

Main topics on the call

• Revenue Growth — Sanlorenzo achieved a revenue growth of 4% year-over-year in Q1 2026, amounting to EUR 222.1 million, driven by strong demand in the Super Yacht and Nautor Swan divisions. Management noted, "the good order intake of plus...
• Conservative Guidance — For FY 2026, management provided conservative guidance, projecting revenues between EUR 980 million and EUR 1.020 billion, with EBITDA ranging from EUR 180 million to EUR 192 million. They stated, "the guidance provides ...
• Strong Backlog — Sanlorenzo reported a gross backlog exceeding EUR 1.2 billion, with 72% of the revenue guidance for 2026 already covered by existing orders. This was highlighted as a key factor for future revenue visibility, with manage...
• Geopolitical Risks — Management acknowledged the impact of geopolitical tensions on sales, particularly in Russia and the Middle East, which previously accounted for a significant portion of revenue. They indicated, "the geopolitical stabili...

Read the full Sanlorenzo S.p.A. transcript (May 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Sanlorenzo S.p.A. earnings call transcripts on record, spanning February 13, 2025 to May 8, 2026. Based on this history, Sanlorenzo S.p.A. reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SL

Exchange

BIT

Country

IT

Sector

Consumer Discretionary

Industry

Leisure Products

Calls on record

6

First call

February 13, 2025

Most recent

May 8, 2026

Reporting cadence

quarterly