Ferretti Group publishes H1 2022 financial report
Double-digit revenue growth and €1.2 billion order book backlog reported…
The Board of Directors of Ferretti SpA approve the Group’s H1 2022 consolidated financial results. Strong growth across all reported sectors, with headline figures below:
Order Intake - €641.9 million, + 30 per cent on H1 2021
Net revenue - €534.9 million, +17 per cent on H1 2021.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) - €69.0 million, +30 per cent on H1 2021, with a marginality of 13.5 per cent, up 110 basis points.
Net Profit - €29.9 million.
Net cash position - €415.8 million.
Order backlog - €1,218 million on June 30, 2022, up 20 per cent on December 31, 2021
Alberto Galassi, the Group’s Chief Executive Officer, stated:
"The market is at an extraordinary point, although our strong growth owes particularly to our hard work. We are investing in continued innovation and consistently unveil new models. Every aspect is painstakingly considered, from its design to the technology, while continually looking to reduce our environmental footprint. We are confident that we bring the best of Italian boating to the world and achieve tangible results for our shareholders".
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The 40m sub 300GT motor yacht has been delivered in La Spezia, en route to an American owner
This new range, from 34 to 46m, are designed for long range cruising, with the wallywind 110 due for completion in 2024
It will become the brand's flagship yacht when it makes its debut in the aluminium yacht segment under 500 GT
The vessel was launched at Ferretti Group’s Ancona facility