Ferretti Group Backlog Reaches Almost ?1.5 Billion
Following the approval of its first-quarter financial results, Ferretti Group announced an order intake of ?307.5 million in three months led by made-to-measure and composite yachts.
The post Ferretti Group Backlog Reaches Almost ?1.5 Billion appeared first on LUXUO.
Ferretti Group announced an order intake of ?307.5 million (about US$338 million) in the first quarter of the year as its order backlog increased 15.4 per cent in three months to ?1,496.3 million, ?a result of strong demand in international markets?. The company?s yacht-building brands comprise Ferretti Yachts, Pershing, Riva, Itama, Custom Line, CRN and Wally.
As of March 31, the Italian company?s total order backlog was led by made-to-measure yachts(36.7 per cent) followed by composite yachts (32.7 per cent) and superyachts (25.7 per cent), with other businesses including Wally Sail and FSD accounting for 4.9 per cent.
Other highlights of the approved Q1 financial results included a 9.3 per cent increase in revenue to ?280.3 million, split between Europe, Middle East and Africa (48.2 per cent), the Americas (28.6 per cent), Asia-Pacific (11.4 per cent), and other areas and superyachts (11.8 per cent).
Image: Ferretti
READ MORE: Ferretti Group?s Stefano de Vivo On The Company?s Future Plans
Ferretti Group?s adjusted EBITDA of ?40.0 million in the first quarter represented an increase of 26.6 per cent compared to the same period in 2022 and with a margin equivalent to 14.3 per cent, represen...
The post Ferretti Group Backlog Reaches Almost ?1.5 Billion appeared first on LUXUO.
Ferretti Group announced an order intake of ?307.5 million (about US$338 million) in the first quarter of the year as its order backlog increased 15.4 per cent in three months to ?1,496.3 million, ?a result of strong demand in international markets?. The company?s yacht-building brands comprise Ferretti Yachts, Pershing, Riva, Itama, Custom Line, CRN and Wally.
As of March 31, the Italian company?s total order backlog was led by made-to-measure yachts(36.7 per cent) followed by composite yachts (32.7 per cent) and superyachts (25.7 per cent), with other businesses including Wally Sail and FSD accounting for 4.9 per cent.
Other highlights of the approved Q1 financial results included a 9.3 per cent increase in revenue to ?280.3 million, split between Europe, Middle East and Africa (48.2 per cent), the Americas (28.6 per cent), Asia-Pacific (11.4 per cent), and other areas and superyachts (11.8 per cent).
Image: Ferretti
READ MORE: Ferretti Group?s Stefano de Vivo On The Company?s Future Plans
Ferretti Group?s adjusted EBITDA of ?40.0 million in the first quarter represented an increase of 26.6 per cent compared to the same period in 2022 and with a margin equivalent to 14.3 per cent, represen...
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