Financial PerformanceTISG delivered a solid set of Q1 2025 results, with revenue up 1% YoY to €96.8m, driven by strong momentum in shipbuilding.
Growth PotentialThe ramp-up of the semi-custom platform could drive positive news flow in a market under pressure, with healthy momentum in megayachts and full custom builds.
Market PositioningBlackstone’s plans to adapt marina infrastructure to host such vessels reinforce the commercial appeal of shipyards operating in this niche.