An unequivocal symbol of the economy’s recovery in Italy and abroad, this quarter’s 40% leap in revenue compared to the first three months of 2020 marks a record quarter for the Ferretti Group, soaring from 133 million euros last year to 186 million in 2021.
The Ferretti Group’s impressive increase in revenue is not the only record they are celebrating this quarter: a record number of 56 launches was also achieved, deriving from practically every shipyard within the Group (memorable launches include that of the 50-metre Riva “Fifty”, the brand new Ferretti Yacht 1000 and the Navetta 30 Custom Line), compared to the 43 launches reached last year.
The boom in launches this year also included sailing yachts such as the Wally 101, the first unit sold by the brand since joining the Ferretti Group. The Wally 101, built entirely out of carbon fibre, is a 30-metre sloop designed by the German naval architecture studio Judel/Vrolijk while the exteriors were achieved by a partnership with Pininfarina.
The Ferretti Group’s strong figures coming out of this year’s first quarter can be seen in an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of 18 million euros versus the 5.5 million euros achieved in the same months back in 2020 and a collection of new orders representing over 300 million euros, which is equal to over half (56%) of those gathered over the course of the entire 2020 year. An overall outcome that, in the words of Alberto Galassi, CEO of Ferretti Group: “just goes to show how the Ferretti Group is indeed sailing ahead with favourable winds: all signs are pointing to a very positive 2021”.
“A record EBITDA in the first quarter, demonstrating exceptional growth, just like that registered with regards to our current orders portfolio, – within which the inclusion of the large sailing boat Wally is an extremely positive sign – just goes to show how the Ferretti Group is indeed sailing ahead with favourable winds: all signs are pointing to a very positive 2021”, stated Alberto Galassi, CEO of Ferretti Group. “The launches are starting to look like the dates of a successful show: such a record number in only three months is proof of just how much appreciation there is for our yachts and of the strength behind our production strategies. Following the exceptional results recorded in 2019 and a stable 2020, we were expecting some degree of growth, but this incredible acceleration, outperforming any of our predictions, has doubled our satisfaction and the energy of everyone who works under the Ferretti Group banner”.