2023-2025 Business Plan
FY 2022 RESULTS
Visibility on coming years is persistently increasing
While order collection is normalising after an extraordinary 2021 driven by the post Covid-19 rebound, visibility on future
revenues keeps increasing with 42.3% of backlog beyond 2023 vs 33.6% four-year average, thanks to a structural increase in
demand offset by the impact of long delivery times
Year-end backlog historical evolution /
(€m)
444.3
408.8
Year-end backlog cover/
(Backlog/LTM Net Revenues New Yachts)
1,069.6
Year-end backlog composition /
(% of total)
Average
1.6
915.6
1.4
26.2%
25.4%
33.6%
Average 1.2x
40.6%
42.3%
1.0
0.9
73.8%
74.6%
66.4%
59.4%
57.7%
2019
2020
2021
2022
2019
2020
2021
2022
2019
2020
2021
2022
Beyond following year (y+2 and subsequent)
Following year (y+1)
Backlog is calculated as the sum of the value of all orders and sales contracts signed with customers or brand representatives relating to yachts for delivery or delivered in the current year or for delivery in subsequent years.
For each year, the value of the orders and contracts included in the backlog refers to the relative share of the residual value from 1 January of the current year until the delivery date. Backlog relating to yachts delivered during the year is
conventionally cleared on 31 December.
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