Industry news

Presenting the Ferretti Group’s financial results for 2022

8 March 2023

The exciting figures we are presenting describe the Ferretti Group’s exceptionally positive present, while also providing insight into its future”, commented Ferretti Group CEO Alberto Galassi on the Board of Directors’ approval of the Group’s consolidated financial results for 2022. “Ferretti Group boasts a portfolio of brands that are unique across the world, in terms of breadth, prestige and beauty, along with an industrial vision focused on investments in innovation and sustainability: all factors that are closely interconnected and that will increasingly make the difference.”

Here are the key figures. An order intake at EUR 1,162 million shows a +19.6% growth compared to 2021, a net revenue at EUR 1,030.1 million indicates an increase of +14.6% compared to the same period in 2021, and an adjusted EBITDA of EUR 140 million shows a rise of +36.5% compared to 2021. Finally, net profit amounted to EUR 60.5 million.

As for the various different segments: the Composite yachts segment reached €386.6 million or 29.8% of the total order backlog, Made-to-measure yachts achieved €469.6 million or 36.2% of the total order backlog, and the Super yachts division reached €384.6 million or 29.7% of the total order backlog.

Three main reasons have been at the heart of the results achieved: the continuous launch of new models, a more favourable sales mix and more exposure to the more profitable Made-to-measure segment, along with economies of scale in purchasing together with a more efficient absorption of fixed costs.