Ferretti SPA approves the consolidated financial results as of June 30, 2024.
2024年8月29日
With a marginality of 15.8% and an EBITDA Adj of € 96.7 mln, Ferretti Group closes the first half of 2024 confirming its growth path.
- Net revenue new yachts equal to €611.0 million, an increase of 7.7% when compared to H1 2023.
- Adjusted EBITDA of €96.7 million, representing an increase of 15.9% when compared to H1 2023 and with a margin of 15.8%, representing an increase of 110bps when compared to H1 2023.
- Net profit equal to €44.0 million, an increase of 7.6% when compared to H1 2023.
- Order intake of €514.4 million in the first half of 2024, with a second quarter showing a new growth trend, order backlog at €1.5 billion, +6.0% compared to 30 June 2023
- Net financial position of €237.0 million of net cash as of 30 June 2024, increased by ca. €31mln thanks to a cash releasing NWC and after dividend payment of ca. €33mln
- The Group confirms its 2024 and mid-term guidance.
Forlì, August 29, 2024 - The Board of Directors of Ferretti S.p.A. reviewed and approved the Half-Year Financial Report as of June 30 2024.
Mr. Alberto Galassi, the Group’s Chief Executive Officer, stated: “One year after the success of the double listing on the Hong Kong and Milan stock exchanges, Ferretti Group confirms its growth. Margins reached 15.8%, the best result ever for the Group's profitability, together with a net financial position of 237 million euros, improved by more than 30 million compared to last spring.
The second quarter of 2024 also shows signs of long-term growth, including the consistent recovery in demand from the North American market, which grew by more than 28%. The season of the great European boat shows is now upon us and sees Ferretti Group present itself with a range of innovative products that are technologically advanced, attentive to sustainability and, as always, beautiful. Extraordinary boats that, we are sure, will once again be rewarded by the international market”.
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