Massimo Perotti, President and CEO of Cantieri Sanlorenzo, will receive the title Cavaliere del Lavoro (Order of Merit for Labour) after over three decades of experience in the nautical sector.

This honor assigned to individuals who have made great business achievements, thus creating jobs, applying ethical practices to improve the conditions of life and work in Italy, will be presented by the President of the Republic during a ceremony at the Quirinale on 14 June.

Sanlorenzo reported sales of 314 million euros in 2016, +42% over the results of 2015, and EBITDA of 25.4 million, +21% over 2015, thanks to a rise in turnover to the level of 28 yachts and 5 superyachts sold in 2016.

This makes Sanlorenzo the first shipyard to surpass the sales records of 2008, before the crisis. The company will now invest 60 million euros to increase production capacity over the next two years.