Ferretti SpA
MIL:YACHT
Ferretti SpA
Ferretti SpA is a IT-based company operating in Leisure Products industry. The company is headquartered in Forli, Forli-Cesena. The company went IPO on 2022-03-31. Ferretti SpA is an Italy-based company engaged in the global industry and production of luxury yachts belonging to heritage brands, such as Riva, Wally, Ferretti Yachts, Pershing, Itama, CRN and Custom Line. The firm designs, manufactures and sells luxury composite yachts, made-to-measure yachts and superyachts, offering a variety of features and a range of ancillary services. The firm owns and operates six shipyards and a production plant for interior fittings and furnishings. The company is present globally.
Ferretti SpA is a IT-based company operating in Leisure Products industry. The company is headquartered in Forli, Forli-Cesena. The company went IPO on 2022-03-31. Ferretti SpA is an Italy-based company engaged in the global industry and production of luxury yachts belonging to heritage brands, such as Riva, Wally, Ferretti Yachts, Pershing, Itama, CRN and Custom Line. The firm designs, manufactures and sells luxury composite yachts, made-to-measure yachts and superyachts, offering a variety of features and a range of ancillary services. The firm owns and operates six shipyards and a production plant for interior fittings and furnishings. The company is present globally.
Order Intake & Backlog: Ferretti Group reported strong momentum with a 4.6% increase in order intake to EUR 771 million and a 4.5% rise in net backlog to EUR 795 million compared to the previous period.
Revenue & EBITDA Growth: Revenues grew by 2.5% to EUR 887 million, with EBITDA also up 2.5% to EUR 142 million for the first 9 months.
Segment Mix: The Made-to-measure segment was a key driver, surging 32% over 9 months and representing 55% of order intake.
Pricing Discipline: Despite heavy discounting by competitors (up to 45%), Ferretti avoided aggressive price cuts, focusing on brand strength and premium positioning.
Guidance Confirmed: Management reaffirmed full-year guidance: revenue of EUR 1.22–1.24 billion, EBITDA of EUR 201–207 million, EBITDA margin of 16.5%, and CapEx below EUR 90 million.
Regional Trends: Europe led growth in Q3 (+32% YoY and +89% QoQ). U.S. and Middle East performing well; Asia remains a smaller, underdeveloped market.
Cost Controls: Cost-saving initiatives in overhead and SG&A, plus strong supplier deals, are expected to help offset competitor discounting.
Positive Cash Outlook: Net financial position remains positive at EUR 65 million, with expectations to exceed EUR 100 million by year-end.
