Ferretti Group has published impressive results for the first quarter of 2024, signaling a steady path of growth. Its order backlog reached 1.6 billion euros, a surge of 10.2% compared to the same period last year, and the net income of new yachts also reached 313 million euros, an increase of 11.7% compared to the first quarter of 2023, showing strong growth momentum.
Alberto Galassi, Group Chief Executive Officer, enthused: "We have started the new year with an exciting answer, with positive results in all key economic and financial indicators. The results of the first quarter of 2024 are a testament to the effectiveness of the Group's strategy, which not only consolidates the achievements we have achieved in 2023, but also builds on the new leap forward. ””
According to the latest data, Ferretti Group's net profit reached 22.2 million euros, an increase of 19.4% compared to the first quarter of 2023, and profitability continues to increase. At the same time, the order intake climbed to 266.6 million euros in the quarter, demonstrating strong market demand.
法拉帝集团首席执行官:Alberto Galassi
"Our profitability and financial soundness are testament to our profitability and financial soundness at 313 million euros, an increase of 11.7 percent compared to the first three months of the previous year, and a steady improvement in profit margin to 15.4 percent," Galassi further noted. Even more exciting, we achieved an all-time high order backlog of 1.6 billion euros, an increase of 10.2%, which fully demonstrates the trust and recognition that the market places in Ferretti Group. ”
Ferretti Group expects a net financial position of €205.7 million in net cash for the first quarter of 2024, demonstrating good financial health.
"These impressive results are the result of our well-planned commercial and industry strategy, which has enabled us to maintain a high level of performance and successfully capture emerging high-growth market segments to further expand into our traditional high-value industries." Galassi proudly stated.
As an Italian company with a centuries-old yachting tradition, Ferretti Group has always been a world leader in the design, construction and sale of luxury yachts and yachts. With a wide range of brands such as Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally, it covers all segments of the luxury yacht market.
Under Galassi's leadership, Ferretti Group not only owns and manages seven shipyards throughout Italy, but also combines industrial production with Italian savoir-faire, offering exceptional products and services to customers in more than 70 countries through a network of around 60 dealers around the world.
At the beginning of April, Riva revealed more details of its 8.4-metre El-Iseo, the brand's first all-electric yacht. Previously, the prototype had undergone various tests, including participation in the New Energy Boat Challenge and Rally at the Monaco Yacht Club, a nautical endurance event reserved for electric models.
Looking ahead, Ferretti Group will continue to breathe new life into the yachting industry with the principles of innovation, excellence and sustainability. They are committed to driving the advancement and development of yachting technology to create a more comfortable, eco-friendly and fun life experience for customers around the world.