European Export TariffsThe upcoming expiration of the 'Liberation Day Tariffs' moratorium could, in theory, trigger a 20% duty on European yacht exports to the US.
Net Debt IncreaseNet debt widened to €33m from €12.5m at year-end 2024, reflecting increased levels of inventory and longer negotiation and payment cycles.
Net Income ImpactNet income stands at €33.8 million, impacted by a non-recurring tax effect resulting from the recalculation of the patent box tax benefit for the period 2019-2023.