Finance

Italian Sea Group's nine-month net profit falls 56%

Published by Global Banking & Finance Review

Posted on November 12, 2025

1 min read

· Last updated: January 21, 2026

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(Reuters) -Luxury yacht maker Italian Sea Group's net profit for the first nine months of the year slumped by 56% year on year to 16.6 million euros ($19.36 million), it said on Wednesday. The company

Italian Sea Group's nine-month net profit falls 56%

(Reuters) -Luxury yacht maker Italian Sea Group's net profit for the first nine months of the year slumped by 56% year on year to 16.6 million euros ($19.36 million), it said on Wednesday.

The company also posted a 15% drop in core profit to 42.6 million euros but said that its annual earnings guidance remains unchanged.

($1 = 0.8575 euros)

(Reporting by Laura ContemoriEditing by David Goodman)

Key Takeaways

  • Italian Sea Group's net profit fell 56% in nine months.
  • Core profit dropped by 15% to €42.6 million.
  • Annual earnings guidance remains unchanged.
  • Net profit is €16.6 million, down from last year.
  • Exchange rate: $1 equals 0.8575 euros.

Frequently Asked Questions

What is net profit?
Net profit is the amount of money a company earns after all expenses, taxes, and costs have been deducted from total revenue. It is an important indicator of a company's profitability.
What is core profit?
Core profit refers to the profit a company makes from its primary business operations, excluding any income derived from non-operational sources such as investments or sales of assets.
What is a financial crisis?
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.

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