Record yearFerretti Group reports order book of 1.7 billion euros

Martin Hager

 · 07.04.2025

Record year: Ferretti Group reports order book of 1.7 billion euros
The Ferretti Group has recorded a record order volume of 1.7 billion euros for the 2024 financial year. The Italian yacht builders thus exceeded their forecasts and increased turnover by 5.6 per cent to 1.17 billion euros.

The diversity of the Ferretti fleet in motion The group includes the brands Riva, Pershing, Ferretti Ycahts, Wally, CRN, Custom Line and Itama.
Photo: Ferretti Group

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.

Martin Hager

Martin Hager

Editor in Chief YACHT

Martin Hager is editor-in-chief of the titles YACHT and BOOTE EXCLUSIV and has been working for Delius Klasing Verlag for 20 years. He was born in Heidelberg in 1978 and started sailing at the age of six, in an Opti of course. This was soon followed by 420s, Sprinta Sport and 470s, which he also sailed on the regatta course with his brother. His parents regularly took him on charter trips through the Greek and Balearic Islands. Even at a young age, it was clear to him that he wanted to turn his passion for water sports into a career. After graduating from high school and completing an internship at the Rathje boatbuilding company in Kiel, it was clear that he did not want to become a classic boatbuilder. Instead, he successfully studied shipbuilding and marine engineering in the Schleswig-Holstein state capital and focused on yacht design wherever he could. His diploma thesis dealt with the “Testing of a new speed prediction method for sailing yachts”. In 2004, the superyacht magazine BOOTE EXCLUSIV was looking for an editor with technical and nautical background knowledge, a position that was perfect for Martin Hager. The application was successful and a two-year traineeship was arranged. After twelve years as an editor, the editorial team changed and he took over responsibility for BOOTE EXCLUSIV as editor-in-chief in 2017. After long-time YACHT editor-in-chief Jochen Rieker moved to the role of publisher, Martin Hager also took over the position of editor-in-chief of Europe's largest sailing magazine YACHT, which is celebrating its 120th anniversary this year, at the beginning of 2023. When he's not working on topics for the two water sports titles, Martin Hager likes to go out on the water himself - preferably with kite and wingfoil equipment or on a little after-work trip across the Alster.

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