Press release
322KB
september 07, 2021 - Ferretti Group
Ferretti Group is back on stage at the Cannes yachting festival with five outstanding premieres and record-breaking half-year results
- The Group is showcasing a fleet of 23 yachts and five world premieres on behalf of its Riva, Pershing, Ferretti Yachts and Wally brands.
- On the launching pad 6 new projects for the brands Riva, Wally, Custom Line, Ferretti Yachts and Pershing and the new fleet of Wally sailing models up to 150’.
- In the first half of 2021, revenues stand at EUR 457 million, about 75% of total turnover in 2020, and EBITDA of EUR 53 million has increased more than fourfold on the figure at June 2020.
Cannes, September 7, 2021 – The #cannes Yachting Festival is back with in-person attendance, from September 7 to 12, and Ferretti Group is there in grand style with an extraordinary fleet of 23 magnificent yachts, including five new entries, from its Riva, Pershing, Ferretti Yachts and Wally brands.
In the enchanting setting of the Côte d'Azur, five fantastic boats make their world debut, representing an unrivalled synthesis of style and design, comfort and liveability, technological innovation and performance. They are Riva 68' Diable, Riva 76' Perseo Super, Pershing 6X and Wally WHY200, joined by the majestic Ferretti Yachts 1000, the largest model ever built by the Cattolica-based Shipyard.
Great interest for the presentation of the progress of the Full Custom 101 Wally, produced in Forlì, whose launch is planned for next year, for the long-awaited launch of the new sailing fleet, consisting of three models 110, 130 and 150 semicustom, and for the new 58wallypower, one of the six new projects signed Ferretti Group alongside Riva 102’, Riva 130’, Custom Line 140’, Ferretti Yachts 780 and Pershing TØ.
The 43rd edition of this key European show for industry players and journalists got underway again this year with the Group’s annual press conference, during which Ferretti Group CEO Alberto Galassi described the main economic results in the first half of 2021.
Ferretti Group closes the first half of the year with excellent results: in the first six months of 2021, revenues of €457m were up 78% on the first half of 2020, when they stood at €258m, and represent 75% of the 2020 full year value of €611m. EBITDA stands at €53m, or almost four times the value reported for the same period in 2020 (€13.5m). Profit climbs to €23m (€2.6m in the first half of 2020), beating the 2020 year-end figure of €22m.
In June 2021, the order intake stood at €493m against €181m in June 2020, driving an increase in the order book to €817m. The Group continues to pursue the investment plan that is a core asset in its strategic roadmap. In the three-year period 2018-2020 alone, over €200m were invested in product development and industrial capacity, enabling the Group to make rapid progress on range renewal, with the launch of 23 new models.
Further information in the press release to download
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