Ferretti S.p.A. Reports Strong 2024 Financial Performance and Proposes Dividend Increase

Ferretti S.p.A. continues to set new benchmarks in the luxury yacht industry, closing 2024 with impressive financial results. The company has approved its consolidated financial statements, reinforcing its commitment to innovation, operational efficiency, and delivering exceptional value to shareholders. A testament to its financial strength, Ferretti S.p.A. has also proposed an increased dividend of €0.10 per share, up 3.1% from 2023.

Why This Matters

The luxury yacht market is evolving, with increasing demand for high-end vessels driven by a growing clientele of ultra-high-net-worth individuals. Ferretti S.p.A.’s strong financial performance and strategic expansion highlight its ability to meet this demand while maintaining financial discipline. The company’s record-breaking order backlog and sustained revenue growth demonstrate its resilience and adaptability in a competitive industry. Additionally, the increased dividend signals confidence in future profitability, making Ferretti S.p.A. an attractive proposition for investors and stakeholders alike.

Key Highlights from Ferretti S.p.A.’s 2024 Financial Performance:

• Sustained Growth: Net revenue from new yacht sales reached €1,173.3 million, marking a 5.6% year-over-year increase.
• Enhanced Profitability: Adjusted EBITDA rose by 12.3% to €190.0 million, with a margin improvement to 16.2%.
• Strong Financial Position: A net profit of €88.2 million, up 5.6% from the previous year, highlights consistent financial discipline.
• Robust Market Demand: Order intake for 2024 reached €1,139.3 million, while the company reported an all-time high order backlog of €1.7 billion, including a net backlog of €900.0 million.
• Resilient Cash Flow: Ferretti S.p.A. closed the year with a net financial position of €124.6 million in net cash as of December 31, 2024.

These achievements reinforce Ferretti S.p.A.’s leadership in the luxury yacht sector, fueled by a forward-thinking strategy and a commitment to excellence. The company remains well-positioned to capture new opportunities, further strengthening its global presence and driving long-term value for stakeholders.

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