The Italian Sea Group (TISG) is reporting strong topline performance for the first quarter (Q1) of 2025, with consolidated revenues (across its Admiral, Tecnomar, Perini Navi and Picchiotti yacht brands) of €96.8 million during the three months ended 31 March.
The results showed a moderate improvement from the previous year, which generated revenues equal to €95.6 million. Giovanni Costantino, founder and CEO of TISG, attributed the slower growth to difficulties within the marketplace, primarily due to "geopolitical and economic tensions".
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