The Board of Directors of Novamarine S.p.A. (“Novamarine” or the “Company”), a leading designer and manufacturer of high-end boats for pleasure and professional segments, listed on Euronext Growth Milan, has reviewed the preliminary results for the year 2024, confirming an outstanding performance and a strong order book for 2025.

Preliminary Results 2024

• Boat sales revenue: €26.1 million, an increase of 11.3% compared to €23.5 million in 2023.
• Order book for 2025: €27.1 million, confirming the Company's excellent competitive positioning.

Growth Driven by Larger Models

The revenue growth was driven by the sale of larger boats, in line with the company's strategy to strengthen its presence in the premium segments. In 2024, Novamarine sold 30 boats, compared to 38 in 2023, generating higher value per unit sold.

Statements from President and CEO Francesco Pirro

Francesco Pirro, President and CEO of Novamarine, stated:

“The 2024 revenues show a growth of over 11%, surpassing both the 2023 results and the forecasts made by Banca Finnat analysts in the latest equity research. This result, achieved in the first year following the IPO, is a testament to the success of the strategy undertaken. The increase in sales of larger boats and an order book for 2025 of over €27 million demonstrate the quality and competitiveness of our artisanal boats. These numbers are a great satisfaction for the entire team.”

A Solid Future Thanks to a Strategic Order Book

The order book as of December 31, 2024, amounting to €27.1 million, covers most of the expected sales for 2025, confirming the growing market interest in Novamarine boats.

With a growth-oriented strategy and consolidation in the high-end segments, Novamarine positions itself as a key player in the international boating market.