Ferretti Group Presents Largest Fleet In Cannes
Published: Thursday, 08 September 2016
Ferretti Group inaugurates the 2016-2017 season at the 39th edition of the Cannes Yachting Festival Sept 6-11 with its fleet of 22 yachts from eight to 37 metres, amongst which presenting to the public six world premieres of Ferretti Yachts, Pershing, Riva and Custom Line brands:
- Yachts Ferretti 450 and Ferretti Yachts 850;
- Pershing 5X;
- Rivamare and the convertible 76 Bahamas for the brand Riva;
- Navetta 37, the Group’s flagship and the largest semi-displacement boat built by Custom Line.
(Photos: Ferretti Group)
The boat show in Cannes, the season’s first major international event for the entire yachting industry, was opened with the annual press conference held by the Group, a tradition held year after year. Ferretti Group CEO Alberto Galassi together with the Chief Commercial Officer of the Group Stefano de Vivo presented the main results achieved by the Group during the first eight months of 2016, confirming its global strategy for growth and investment.
"This year our group is a key player at the yacht show in France as a star, with six world premieres among open, coupe, flybridge and maxi yachts, confirming that our three-year plan for development and the launch of new products is continuing as planned,” says Galassi. "These new models, along with all the other ones on display, form an unrivalled fleet of 22 yachts between eight and 37 meters. Moreover, we can announce a brilliant economic performance that in many ways exceeded expectation. These achievements make us very pleased with all the work that has been done. In particular, the first eight months of 2016 are characterised by an order intake in line with our objectives and stable positive economic results."
From a commercial point of view, as of Aug 31, Ferretti Group recorded a consolidated order intake of 217 million euros for its serial brands, in line with the budget forecasts for the current year. The Group expects to close 2016 with a total order intake of € 394 million, thus with an increase of 6.2% compared to 2015.
In the first eight months of the year, Ferretti Group continued its further market penetration internationally. In terms of consolidated order intake divided by geographies, as of the Aug 31, the area including Europe, the Middle East and Africa accounted for 48% of new orders, while the Americas for 34% and the Asia-Pacific markets for 18%.
(Custom Line Navetta 37)
The success of its commercial strategy and the continuous improvement in terms of efficiency and productivity at each of the Group's construction sites has led, after the first eight months of the year, to achieve consolidated revenues of 314 million euros, compared to the 250 million as of Aug 31 2015.
The Ebitda, as of the Aug 31, reached 34.7 million euros, which is a positive result compared to the breakeven obtained 12 months ago. These achievements lead to a firmly positive profit after tax in 2016, reaching 10.5 million as of Aug 31, compared to a loss of 16.9 million recorded last year in the same period.
Ferretti Group is located at the exhibition area Espace Riviera PALAIS055 Jetee 011 and at the Super Yacht Extention SYE191, and SYE030, where the Custom Line maxi yachts are moored. The pier JAE North visitors can admire the Ferretti Yachts, Mochi Craft and Riva fleet, while the South Pier JAE hosts the Pershing and Itama yachts.
In addition to the six world premieres, the fleet consists of:
- Ferretti Yachts 550, Ferretti Yachts 650, Ferretti Yachts 700 and the Ferretti Yachts 960 flagship;
- Pershing 62, Pershing 70, Pershing 82 and the maxi coupe Pershing 108;
- Itama 62;
- Iseo, Aquariva Super, 63 Virtus, 88 Florida and 88 Domino Super of Riva;
- Dolphin 74 of Mochi Craft;
- Navetta 28 of Custom Line.
Ferretti Group, for the duration of the entire show will be joined by its prestigious partners, stars of several initiatives during the days of the exhibition.
The car manufacturer Lamborghini alongside the Pershing brand will provide exclusive test drives of two latest generation racing cars, such as Huracan Coupe and Huracan Spyder, available for tests with departure from the Majestic Barrière, one of the most fabulous hotels on the Croisette.
Veuve Clicquot will be the official champagne of the Group throughout the boat show, while The Luxury Collection, the most exclusive “Collection” of hotel chain Starwood will be Ferretti Group’s unique partner at the soirée during the Late Opening Night of the Cannes Yachting Festival, scheduled for Sept 9, taking care of the food and beverage stand of the Group.
Boutsen Design created the entire soft decor on board of all the exhibited Ferretti Group yachts in Cannes, while Poltrona Frau presents its art pieces of the Atelieur line, displayed on board of the Pershing and Custom Line models.
Dr. Vranjes with his famous fragrances will provide the fascinating olfactory background of the stand and the yachts, while the Dyson design fans will be refreshing our guests during their visit at Ferretti Group. Last, but not least, the confectionery laboratory; Agrimontana will serve its delicious homemade ice cream to the visitors of the stand.