FERRETTI GROUP: STRONG GROWTH IN FIRST QUARTER 2021
The Group reports extremely positive EBITDA and revenues, with a record 56 launches and the sale of the first Wally sailing superyacht
Forlì, April 21th, 2021 – Ferretti Group ends the first quarter of 2021 reporting a powerful growth on both economic and industrial fronts. Compared with the same period in 2020, first quarter revenues rose 40%, from EUR 133 million to EUR 186 million. Geographically speaking, Europe and the Middle East confirmed their strategic importance for the Group, accounting for more than half of revenues.
First quarter EBITDA stands at EUR 18 million – vs EUR 5.5 million in the same period the previous year – and new orders, as of today, total over EUR 300 million, a value that represents 56% of the entire 2020 order intake. This last figure in particular points to an extremely positive trend in 2021.
From an industrial perspective, Ferretti Group reported a record number of launches: 56 yachts and superyachts launched in three months against 43 in 2020. Almost all the Group’s shipyards and main brands contributed to this record with iconic models in the world of international yachting like Riva 50 METRI – MY “Fifty”, the new Ferretti Yacht 1000 and Navetta 30 Custom Line.
The first quarter of 2021 also saw the sale of the forty-eighth Wally full custom sailing superyacht, the first unit sold since the brand became part of Ferretti Group.
Over 30 metres long, the yacht has a sail area of 630 square metres and is built entirely from carbon fibre. Wally 101 represents excellence in terms of naval architecture, performance and comfort, presenting itself as a new icon in the world of sailing yachts and confirming the company’s considerable contribution to advances in design and technological innovation in the field of sailing.
“Record-breaking first-quarter EBITDA and equally extraordinary new order growth – including an extremely significant order for a large Wally sailing yacht -, tell the story of a Ferretti Group with the wind in its sails and everything points to a very positive 2021”, said Ferretti Group CEO Alberto Galassi. “The launches are like the dates of a successful show, because this record number in just three months attests to the huge appreciation our boats enjoy and the strength of our production strategies. After excellent performance in 2019 and a basically stable 2020, we were expecting to grow, but this fantastic acceleration has beaten all our forecasts and gives everyone who works in Ferretti Group twice the satisfaction and energy”.