The Board of Directors of Ferretti S.p.A. today reviewed and approved the Group’s consolidated financial results for the six months ending 30th June 2023. A few highlights: order intake at €573.8 million, revenues at €580.8 million up 8.6% year-on-year, adjusted EBITDA of €83.4 million up 20.9% year-on-year, net profit of €40.9 million up 36.8% year-on-year, net financial position equivalent to €320 million cash.
“Each 12-month and 6-month period we outdo the last, counting on the consistent strength of a steadily growing order book, a key indicator of commercial success that never ceases to reward us,” commented Alberto Galassi, Group CEO. “By continuing to improve our margins and, at the same time, proceeding swiftly with the development of new models and new projects, the Group is demonstrating an exceptional aptitude for efficiency. Throughout the upcoming season of the Mediterranean’s major boat shows, now just around the corner, we will be presenting our latest models, further extending the product range that steadily drives our growth, while increasing the satisfaction of our yacht owners and shareholders”.
As for the order book itself: the Composite yachts segment reached €408.1 million, or approximately 28.9% of the total order book, while Custom yachts reached €503.2 million (37.6% of the total), the Superyachts segment reached €442.3 million (9.1% of the total) while the remaining portion of orders reached €56.9 million or approximately 9.5% of the total revenue in the first half of 2023.