1H 2024 - Sanlorenzo - Analysis
Reiterating guidance amidst macro uncertainty - trough valuation
Today, Sanlorenzo, the leading luxury yacht manufacturer, reported its 1H 2024 results followed by an earnings call this afternoon. At the time of writing, the stock is down by 5.3%, in sympathy with other luxury stocks (down by 4-5%, on average).
Let’s jump right in, and unpack the set of results, guidance, and conference call remarks.
