An announcement from Ferretti S.p.A. ( (IT:YACHT) ) is now available.
Ferretti S.p.A. announced its consolidated preliminary financial results for 2024, highlighting significant growth and achievements. The company reported an all-time high order book of €1.7 billion, a 25.5% increase from September 2024, and a net revenue of €1,173.3 million from new yachts, marking a 5.6% rise from 2023. The adjusted EBITDA reached €190.0 million, with a margin of 16.2%, exceeding expectations. The net profit increased by 5.6% to €88.2 million, and the net backlog reached a record €900.0 million. The Board also made key appointments to enhance governance and risk management.
More about Ferretti S.p.A.
Ferretti S.p.A. is an Italian joint-stock company operating in the luxury yacht industry. The company focuses on the design, construction, and sale of luxury yachts, positioning itself as a leader in the high-end maritime market.
YTD Price Performance: 4.42%
Average Trading Volume: 42,616
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$7.95B
For detailed information about YACHT stock, go to TipRanks’ Stock Analysis page.