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Ferretti S.p.A. ( (IT:YACHT) ) has issued an update.
Ferretti S.p.A. reported unaudited consolidated results for the quarter ended 31 March 2026, showing net revenue from new yachts of €302.1 million, an 8.0% decline year on year, with adjusted EBITDA of €48.7 million and an improved margin of 16.1%. Net profit fell to €21.0 million, while order intake dropped to €179.6 million and the net backlog decreased to €722.3 million, though the company maintained a positive net financial position of €18.4 million and signaled continued focus on profitable segments and efficiency.
The board communicated 2026 guidance with net revenue from new yachts expected between €1,250 million and €1,265 million, alongside an adjusted EBITDA margin forecast of 16.2% to 16.6% and capex of €70.0 million to €75.0 million. Governance changes included appointing a director in charge of Internal Control and Risk Management Systems and a Lead Independent Director, while management acknowledged a softer commercial environment and slower order conversion but highlighted resilient margins and a robust backlog as a foundation for future operations.
More about Ferretti S.p.A.
Ferretti S.p.A. is an Italian luxury yacht builder focused on new yacht sales, operating in high-end, profitable segments of the global leisure boating market. Listed in Hong Kong and Italy, the company emphasizes operational efficiency, brand positioning and maintaining a solid order backlog to support future production and revenue visibility.
For a thorough assessment of YACHT stock, go to TipRanks’ Stock Analysis page.