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SANLORENZO SANLORENZO S.P.A. , THE BOARD OF DIRECTORS HAS APPROVED THE HALF - YEARLY FINANCIAL REPORT AS OF 30 JUNE 2021 : STRONG GROWTH IN PROFITABILITY , NET INCOME MORE THAN DOUBLED UPWARD REVISION OF 2021 GUIDANCE , SUPPORTED BY A BACKLOG AS OF 31 AUGUST EXCEEDING € 1 BILLION CONSOLIDATED RESULTS AS OF 30 JUNE 2021 HIGHLIGHTS : • • • • • Net revenues from the sale of new yachts ( " Net Revenues New Yachts " ) at € 263.6 million , up by 43.2 % compared to the first half of 2020 Adjusted EBITDA at € 40.4 million , up by 56.8 % compared to the first half of 2020 ( 15.3 % on Net Revenues New Yachts ) EBIT at € 29.8 million , up by 86.9 % compared to the first half of 2020 ( 11.3 % on Net Revenues New Yachts ) Group net profit at € 21.2 million , more than doubled compared to the first half of 2020 ( 8.1 % on Net Revenues New Yachts ) Net cash position of € 26.4 million , a clear improvement on a net debt position of € 23.5 million as of 30 June 2020 and a net cash position of € 3.8 million as of 31 December 2020 2021 GUIDANCE : • Upwards revision of estimates , targeting a double - digit growth of the main metrics , supported by a backlog that reached € 1,011.8 million as of 31 August 2021 , before the opening of boat show season • Growth in operating margins fostered by the increase in sales prices • Robust pipeline of new products , with three new ranges ( Bluegame Multi - hull ) - to be presented in 2022 - SP ( " Smart Performance " ) , X - Space e BGM • Investments in additional production capacity to support expected growth planned in the second half ( € million , unless otherwise stated ) Actual 2019 2020 Net Revenues New Yachts 455.9 457.7 Adjusted EBITDA 66.0 70.6 Guidance 2021 565-575 92-94 Change guidance 2021 ( average ) vs actual 2020 + 25 % + 31 % Adjusted EBITDA margin ( % of Net Revenues New Yachts ) 14.5 % 15.4 % 16.2 % - 16.3 % +86 bps Group net profit 27.0 34.5 47-48 + 36 % Investments 51.4 30.8 45-47 + 49 % Net financial position ( 9.1 ) 3.8 20-22 +17 1