Ferretti S.p.A approves the consolidated financial results as of September 30, 2024.
13 ноября 2024 г.
With a marginality of 16.0%, an adjusted EBITDA of €138.2 million and an Order intake that surpasses €1bn leading to all-time high Order backlog of €1.6bn as of today, Ferretti Group continues its growth path.
- Order intake reached €736.9 million in the First Nine Months of 2024 and as of today amounts to over €1 billion, thanks to a strong order intake achieved after the close of the quarter, also in light of positive response of latest Boat Shows attended.
- As of today, including the Order intake collected after the end of 3Q, Order backlog reaches an all-time high level of €1.6bn.
- Net revenue new yachts equal to €865.3 million, an increase of 3.8% when compared to the First Nine Months of 2023.
- Adjusted EBITDA of €138.2 million, representing an increase of 10.7% and with a margin of 16.0%, representing an increase of 100 bps when compared to the First Nine Months of 2023.
- Net profit equal to €62.2 million, in line with the €61.9 million of the First Nine Months of 2023.
- Net financial position of €149.6 million of net cash as of 30 September 2024.
- The mid-term guidance has been confirmed, and the 2024 guidance has been cautiously updated in part, pending pick up orders confirmation from American market after the elections for the composite segment.
SHAREHOLDERS’ MEETING CONVENED
Forlì, November 13, 2024 - The Board of Directors of Ferretti S.p.A. reviewed and approved the consolidated financial results as of September 30, 2024 and convened the next ordinary shareholders’ meeting.
Mr. Alberto Galassi, the Group’s Chief Executive Officer, stated: “With the closure of this quarter, we have achieved a new record in profitability, reaching 16%, confirming the strength and effectiveness of our strategy.
In the third quarter of 2024, we observed a significant increase in order intake from the Super Yacht segment, confirming the success of our positioning in this market through the enhancement of our brands. We are also seeing excellent signs from the Composite Yachts segment, which we expect will provide a new boost to order intake. Additionally, the strong results from our participation in the major Mediterranean boat shows and the opening of the American season further contribute to our outlook, being activities that could bring concrete benefits in the short term.
The Order Backlog as of September 30 stands at €1.3 billion, and by adding the orders received after the close of the quarter, the value is in line with that recorded in the first nine months of 2023.
On the production side, we are continuing at a rapid pace with the construction of the Ravenna shipyard, which will soon allow us to expand and further improve our offering, optimizing the product mix and consolidating our position in segments with high growth and profitability potential.”
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