Ferretti S.p.A. Achieves Record Growth in 2024 Financial Results

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

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