Sanguineti shares exciting growth in revenues, products and facilities
by Sanguineti 7 May 08:44 UTC
Sanguineti shares remarkable growth in revenues, products and facilities © Sanguineti
- Sanguineti records a 48% increase in revenue from 2022 to 2023, with revenues forecast to triple by 2026
- Combining tradition with innovation, Sanguineti is developing new product lines while extending customisation on iconic products like the Karin and Smeralda chairs
- An investment of €3.5 million in new machinery and an expansion of facilities and workforce highlights Sanguineti's exceptional growth, demand and future
From the beginning, as an artisanal manufacturer of equipment for superyachts more than 65 years ago - right when the first moto panfilo motoryachts in Italy burst onto the scene, shaping the future of superyachting - Sanguineti has remained at the forefront of specialist, luxury and quality equipment supply for superyacht builders all over the world. With a product portfolio that encompasses everything from gangways, multifunctional ladders, tender cranes and deck hatches to opening hardtops, doors, anchor gear and even the iconic Karin and Smeralda director-style chairs, Sanguineti has cemented its reputation as a central supplier to superyachts, with the added ability to develop custom and one-off products.
Following the 2023 acquisition of Sanguineti by Quick Group - the international market leader that designs, engineers and manufactures a broad range of essential marine components for leading yacht builders - the company has seen further unprecedented growth, with revenues increase of 48% from 2022 to 2023, and with forecasts predicting a tripling of revenue from 2022 by 2026. Indeed, Sanguineti is easily on track to match that forecast - a revenue growth of 27% from 2023 to 2024 is backed up by the fact that production across its product ranges is already at capacity.
"We are at full capacity in terms of production for 2024 with €6.5 million of orders, and we have already sold around 40% of our capacity for 2025," enthuses Lorenzo Cesari, CEO of Sanguineti. "We are confident that we can fill our 2025 order books in the next three months. However," he adds, "we are also developing provisions to increase capacity. We are surfing the wave of huge demand for Sanguineti products by building new production facilities in Casarza Ligure that offer 6,000 square metres of space, three times the area of what we currently have."
The investment in production infrastructure extends to machinery as well. "We are investing around €2.2 million in new CNC machinery and waterjet technologies for cutting steel and aluminum," Cesari continues, "as well as new machines for metal bending and milling, a new paint room with oven, and productive synergies with CATT - mechanical machining company that is also part of the Quick Group. It's a big investment for us in very modern equipment, and also in our workforce - we expect to increase that by 35% too."
Sanguineti is not resting on its laurels and continues to place product development at the forefront of everything it does. That includes adding new product lines, as well as refreshing existing lines to meet a wider range of tastes or to allow for further customization - a key consideration for the highly bespoke 40 to 80-metre superyacht sector that is Sanguineti's core market.
"We are always developing new products following requests from our shipyard customers - we have recently delivered pop-up cleats, for example, and we are also now designing and manufacturing incredible multifunctional boarding/swim ladders that are very cool, and very, very luxury, plus the 2.0 version of our wide range of retractable capstans for powerboats, sailing yachts and superyachts among many other innovations," Cesari enthuses. "For the Karin and Smeralda chairs, we have redesigned them with new colour palettes, distinctive details such as the original tag, embroidered logo on backrest and seat, new cases, and a new matt-black Limited Edition Total Black. Furthermore, customers can customize their chairs with their own name and logo."
The expanded and bespoke options for the iconic chairs are a fitting reflection of Sanguineti's links to tradition and to future innovation; indeed, the company is looking to expand its shipyard synergies across Northern Europe, the US and further afield, capitalizing on the wider portfolio of Quick Group brands, and its extensive network of offices and service centres in key yachting markets. "We can offer very high quality in design and high level of reliability," Cesari offers, "and now being part of the Quick Group, we can increase our synergies among the other companies of the Group. It means I can talk to customers not only about Sanguineti, but also about Quick Group brands such as Nemo, Quick Spa and Xenta.
"Tapping into the existing Quick Group after-sales network will improve our worldwide presence overall and enables us to offer our customers even better support for repeat orders or if they need after-sales servicing. For example, the acquisition of YMS in Fort Lauderdale in January to become part of Quick USA is also a strategic action for Sanguineti, because it's very important for us to be present there and to offer technical support - we have customers there with 30 or 40-year-old superyachts that still have original Sanguineti products on board! It's just another example of how our quality products are linking the past with the future, just like the company itself.