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)
  • EBITDA
  • 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

IBI Plus financial reports on leading industry companies are available exclusively to IBI Plus subscribers.

Related files/tables