Ferretti Group reports new orders totalling more than €465 million for the first nine months of 2019, a gain of 18% over last year
Italy’s second largest luxury yacht builder, the Ferretti Group, today reported new orders totalling more than €465 million for the first nine months of 2019, a gain of 18% over the same period last year.
Coming on the heels of the European boat show season and full summer event schedule, the results were attributed to the launch of five new models under the Riva, Pershing, Ferretti Yachts and Custom Line brands, as well as the relaunch of the Wally brand acquired by the Group in April.
In particular, Ferretti singled out the sales of seven units for the first serial model under the Wally brand – the 48 Wallytender – launched during the Cannes Yachting Festival. The builder also announced a contract for the Ferretti security Division (FSD) to supply 16 coastal patrol boats to the Arma dei Carabinieri.
“I am very proud of the results achieved,” commented Albero Galassi, CEO of the Ferretti Group. “These numbers seems to confirm our strategy of continuous renewal of our product range, our purchase and development of an exceptional brand such as Wally, and our expansion in the synergistic and a-cyclical FSD business, which is now beginning to see significant results after its start-up phase.”
To read more about the builder’s financial results over the last decade, subscribe to IBI Plus.…
You must be a subscriber and sign-in to access this content.
Want to read some premium content, but don’t need unlimited IBI Plus access?
Then go for the IBI Upgrade package which, for the cost of a couple of coffees a week:
Get access to IBI Plus Premium content Subscribe Today
Alternatively REGISTER for 4 free Premium Content accesses per month and to receive IBI Daily News & Breaking News alerts.