For the Ferretti Group, the value of production in 2018 grew by 7.5% and reached 669 million euro. Net income also rose by 29% to 31 million euros.
After the final acquisition of Wally, its eighth brand Ferretti Group presented today its 2018 financial results at the Pirelli Skyscraper in Milan. And the numbers are on its side. The order book at December 31st , 2018 was 708 million euro and the Group’s total assets reached 1.14 billion euro, of which 38.5 million in cash.
The results for 2018 show a net profit of 31 million euro, an increase of 29% over the previous year. Consolidated production value increased by 7.5% from 623 million in 2017 to 669 million euro. EBITDA stood at 53 million euros.
Alberto Galassi, CEO of Ferretti Group (in the photo), commented as follows: “There is a clear beauty also in numbers, and those of the year 2018 tell us that making beautiful and unmistakable boats is still the main course and the winning solution. It is becoming increasingly clear that “winning easy” is just a slogan, in order to remain at the top and grow constantly as the Ferretti Group has done for a few years, it is necessary to move quickly, and responsibly, in a market that is constantly changing. The first to be convinced of the need to never stop are our shareholders, who in the four-year period 2015-2018 have allowed us to employ over 154 million in Research and Development, reinvesting all the profits we have earned in the company”.
Ferretti Group has invested 64 million euros from 2015 to 2018 in production capacity and work has been carried out to upgrade and renew the Group’s shipyards. In particular, the Super Yacht Yard in Ancona was expanded. It now covers more than 80,000 square metres and by 2020, it will be equipped with 10 production sheds, a 670-ton travel lift and a private marina with 14 available berths.
“In recent years – added Galassi – we have built and presented 29 new models worldwide and we aim, from 2019 to 2021, to launch another 27 new serial models with an average length of 97.3 feet, always going further in the construction of large boats. This is also thanks to a 2018 that consolidates the Group’s position from the point of view of a complete financial security that attests to its indisputable capacity and commercial potential. In the world of the sea, in the salons, in the marinas, in the opinion of professionals and in that of nautical enthusiasts, Made in Italy and Made in Ferretti Group are one, thanks to a record of style and inspiration that has brought us here and will lead us to great achievements in the near future.”
(Ferretti Group, here are the numbers – Barchemagazine.com – April 2019)