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september 07, 2016 - Ferretti Group

Ferretti Group at the Cannes Yachting Festival 2016

The boat show in #cannes, the season’s first major international #event for the entire yachting industry, was opened with the annual press conference held by the Group, a tradition held year after year. Mr. Alberto Galassi, CEO of Ferretti Group, together with the ChiefCommercial Officer of the Group, Stefano de Vivo, presented the main results achieved by the Group during the first eight months of 2016, confirming its global strategy for growth and investment.

"This year our group is a key player at the Yachting Show in France as a star, with 6 world premieres among open, coupe, flybridge and maxi yachts, confirming that our three-year plan for development and the launch of new products is continuing as planned" - said Mr. Alberto Galassi.

"These new models, along with all the other ones on display, form an unrivalled fleet of 22 yachts between 8 and 37 meters. Moreover, we can announce a brilliant economic performance that in many ways exceeded expectation. These achievements make us very pleased with all the work that has been done. In particular, the first eight months of 2016 are characterized by an order intake in line with our objectives and stable positive economic results."

From a commercial point of view, as of the 31st of August 2016, Ferretti Group recorded a consolidated order intake of 217 million euros for its serial brands, in line with the budget forecasts for the current year. The Group expects to close 2016 with a total order intake of € 394 million, thus with an increase of 6.2% compared to 2015.

In the first eight months of the year Ferretti Group continued its further market penetration internationally. In terms of consolidated order intake divided by geographies, as of the 31st of August 2016, the area including Europe, the Middle East and Africa accounted for 48% of new orders, while the Americas for 34% and the Asia Pacific markets for 18%.

The success of our commercial strategy and the continuous improvement in terms of efficiency and productivity at each of the Group's construction sites has led, after the first 8 months of the year, to achieve consolidated revenues of 314 million euros, compared to the 250 million as of the 31st of August, 2015.

The EBITDA, as of the 31st of August 2016, reached 34.7 million euros, which is an extremely positive result compared to the breakeven obtained 12 months ago. These achievements lead to a firmly positive profit after tax in 2016, reaching 10.5 million as of August 31st, 2016, compared to a loss of 16.9 million recorded last year in the same period.

Ferretti Group is located at the exhibition area Espace Riviera PALAIS055 Jetee 011 and at the Super #yacht Extention SYE191, and SYE030, where the Custom Line maxi yachts are moored. The pier JAE North visitors can admire the Ferretti Yachts, Mochi Craft and #riva fleet, while the South Pier JAE hosts the #pershing and Itama yachts.

In addition to the six world premieres, the fleet consists of:

- Ferretti Yachts 550, Ferretti Yachts 650, Ferretti Yachts 700 and the Ferretti Yachts 960 flagship;

- Pershing 62, #pershing 70, #pershing 82 and the maxi coupe #pershing 108;

- Itama 62';

- Iseo, Aquariva Super, 63 'Virtus, 88' Florida and 88' DominoSuper of #riva;

- Dolphin 74' of Mochi Craft;

- Navetta 28 of Custom Line.

The six Ferretti Groupworld premier models at the 39th edition of Cannes Yachting Festival

 

Ferretti Yachts 850

A luxurious flybridge that offers the experience of living in a loft surrounded by the sea, is the latest masterpiece in the nearly fifty-year history of a brand that has conquered all major international markets. With four units sold, the new #yacht is already an extraordinary international success.