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7 November 2023

Ferretti Group continues its positive trend

The Ferretti SpA Board of Directors has approved the financial figures as of 30th September, which confirm the Group’s growth in the first nine months of 2023 with an order backlog approaching €1.5 billion, up by 6.6% compared to the same period in 2022.

The positive performance in FY 2023,” stressed Alberto Galassi, Group CEO, “is confirmed particularly by the further improvement in margins and the sustained growth of the order backlog. The great success of the Ferretti Group at the Mediterranean boat shows and at the Fort Lauderdale International Boat Show once again proves that our continuous commitment leads to important commercial results. This is also why we are focusing on our shipyards, particularly the one in Ravenna, to expand the new sustainable Ferretti Yachts INFYNITO range and increase production capacity, responding promptly to market expectations“.

The following also make up the financial figures as of 30th September, compared to the first nine months of 2022. Revenue €856.4 million, up 9.8%Adjusted EBITDA €124.8 million, up 17.7% and a margin of 15.0%, an increase of 100 basis points compared to the first nine months of 2022. Net profit €61.9 million, up 30.6%.

Order intake in the first nine months of 2023 was €875.0 million and net financial position reached €288.0 million.

www.ferrettigroup.com

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