The Sanlorenzo Shipyard (Italy) reassures on the exposure towards Russia
The Sanlorenzo Shipyard (Italy) reassures on the exposure towards Russian customers not affected by international sanctions, reported the press office of the company.
“In view of the geopolitical uncertainties, Sanlorenzo S.p.A. announces that the backlog amount as of 31 January 2022, equal to €1,002.6 million, related to customers of Russian nationality does not reach 10% of the total, spread over three financial years”, is specified by the shipyard.
The Shipyard Sanlorenzo also specifies that these are subjects not affected by international sanctions, whose payments are regular, and as of today no order has been cancelled.
The Group, in line with the best practices of the companies listed on the international markets, constantly monitors the situation and the updates on international sanctions, in accordance with the strict Know Your Customer procedures and the Sanctions Compliance Program adopted by all Group companies.
The Sanlorenzo shipyard has been building motor yachts since 1958. It is a boutique firm in the yachting industry, building only a limited number of made-to-measure units per year. The shipyard's headquarters are located on the banks of the river Magra, inside the Montemarcello-Magra natural reserve, in Ameglia, in the province of La Spezia, in Liguria, Italy. A second division is based in the Tuscan seaside town of Viareggio, the historic centre of motor yacht manufacturing in Italy, a third division is based in Massa, while the production of superyachts is located in the La Spezia shipyard. In more than half a century the shipyard has built about 1000 yachts, each one different from the other. Since 2005, the shipyard has grown substantially, improving its skill in the customization of each individual yacht. Over a period of approximately eight years, the shipyard has climbed the prestigious Global Order Book ranking, which is annually listed by Boat International. Today, Sanlorenzo ranks at the first positions among the top 20 builders of yachts over 24 metres.
