Italy’s Ferretti Group is in the midst of a significant financial turnaround, expecting to achieve profitability in 2017 for the first time since the global recession took hold.
The Group reported a 25% improvement in turnover for 2015 reaching €413 million, up from €329 million the previous year. It is expecting turnover in the neighbourhood of €488 million for the 2016 financial year ending December 31. Ferretti also said it produced 148 yachts in 2016, up 25% from 117 craft in 2015.
Ferretti Group’s profitability improved 43% in 2015, recording a Net Loss (after tax) for the period of -€25.2m, compared to -€44m in 2014.
The remainder of IBI Plus’ financial summary for Ferretti International Holding features the following headline figures from company accounts filed for 2014-15, as well as the evolution of turnover between 2007 and 2015.
- Operating Revenue (Turnover)
- Operating profit (EBIT)
- Profit/Loss before tax
- Profit/Loss for period (Net Income)
- Total Assets
- Total Liabilities
- Net working capital
- EBITDA Margin (%)
- Profit margin (%)
- Solvency ratio
- Current ratio
- Employment figures
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