The Italian yacht builders announced their preliminary financial results for the financial year ending 31 December 2024. The company, which includes the brands Riva, Pershing, CRN, Custom Line, Ferretti Yachts, Wally and Itama recorded a record order book of EUR 1.7 billion, which corresponds to an increase of 25.5% compared to September 2024 and 11.6% compared to December 2023. Adjusted EBITDA increased by 12.3 per cent to 190 million euros. Net profit also increased by 5.6 per cent to EUR 88.2 million. These figures underline the sustained demand for superyachts and the Ferretti Group's strong market position.
Strong profitability
Net profit for 2024 amounted to €88.2 million, an increase of 5.6% compared to 2023, underlining the company's profitability and financial strength. Alberto Galassi, CEO of the Ferretti Group, is satisfied with the results and attributed the record order backlog of 1.7 billion euros to the good sales in the last quarter and the continued trust of customers in the innovation, quality and reliability of the brands.
Changes in management
In addition to the financial successes, the Ferretti Group also announced changes to its management structure. The Board of Directors appointed Tan Ning and Hao Qinggui as Directors. In addition, new compositions for the Remuneration, Sustainability and Strategy Committees were approved to align the Group's structure with its growth ambitions. In future, the company intends to invest more in global expansion, technological innovation and - as in previous years - an expanded product range.
