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20 February 2024

Ferretti announces figures for 2023

Ferretti’s 2023 financial highlights are expected to show double-digit growth. The Board of Directors of Ferretti S.p.A approved the preliminary consolidated financial highlights as of 31st December 2023.

In particular, Net New Revenues rose to € 1,110.9 million, up 11.5% from € 996.1 million in 2022. Adjusted EBITDA of € 169.2 million marks an increase of about 21% over 2022, with a margin of 15.2%, up 110bps, and the Order Backlog stands at € 1.5 billion, up 15.1% over 2022

Net profit is € 83.5 million, up 38% compared to 2022, Order intake is € 1,120.4 million in line with 2022 and the Net financial position is € 281.1 million. Finally, the Group has also announced the group’s guidance for 2024, confirming the medium-term guidance.

The Ferretti Group’s 2023 has been an extraordinary year in terms of the numbers and targets achieved,” stated Alberto Galassi (pictured), the Group’s CEO. “I would emphasise the tremendous importance of achieving our listing on the Euronext Milan Stock Exchange in June, which received significantly positive feedback from the financial community. These extremely positive figures will give substance and quality to our brands as we continue to strengthen them, with investments aimed at research, innovation and sustainability. At the Düsseldorf Boat Show, we presented the Riva El-Iseo, the first full-electric powerboat with which Riva inaugurates its new E-Luxury segment, testifying to the Ferretti Group’s ongoing commitment to increasingly sustainable boating“.

 

www.ferrettigroup.com

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