Sanguineti shares exciting growth with +48% in revenues

The revenues of the Sanguineti group, a global leader in the design and production of marine items for yachts and megayachts, increased by 48% from 2022 to 2023. This was announced in a press release by the Ligurian company, which also shared the ambitious goal of tripling this result by the end of 2026.

Blending tradition and innovation, Sanguineti is developing new product lines while also expanding customization options for iconic products such as the Karin and Smeralda chairs. These are the secrets behind Sanguineti’s extraordinary growth. To continue this trajectory, the company has planned to invest €3.5 million in new machinery and expand its facilities and human resources.

About Sanguineti

The Sanguineti company was founded 65 years ago as a craft producer of equipment for superyachts, just as Italy saw the emergence of the first motor yachts, laying the groundwork for future superyachts. Since its inception, Sanguineti has always been at the forefront of elegance and quality in the equipment it supplies to shipyards worldwide. Its highly diversified range includes gangways, multifunctional stairs, tender cranes, skylights, retractable hard tops, doors, anchoring equipment, and the iconic director-style chairs Karin and Smeralda. With all these products, Sanguineti has solidified its reputation as a key supplier to the superyacht industry, complemented by its proven ability to develop customized and bespoke products.

In 2023, Sanguineti was acquired by Quick Group, an international leader that designs, engineers, and manufactures a wide range of essential marine components for major shipyards. Thanks to this acquisition, Sanguineti experienced unprecedented further growth, with a 48% increase in revenue from 2022 to 2023 and the forecast to triple the 2022 figure by 2026. Indeed, the Ligurian company is confirming this forecast: notably, the 27% revenue growth from 2023 to 2024 indicates that production across all its product lines is already at maximum capacity.

The next investments

“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, 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”.

New product lines

Sanguineti 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 continues – 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”.