Ferretti Group ends year with record number
Published: Tuesday, 19 December 2017
After the award “Shipyard of the year”, Ferretti Group consolidates its leadership with a record production of 159 yachts in total by its seven brands, an increase of 7.5 per cent compared to the 148 boats built in 2016. The production value for the current year will be over €600 million.
(Photo: Ferretti Group)
The figures envisaged the launch of 24 new models in three years, with an investment over €50 million in research and development by the shareholders, Weichai Group and Ferrari family.
In the new 2018 Global Order Book – the ranking of the 20 top yacht builders over 24m published by the UK edition of the “Boat International” magazine, the Group ranked first for number of projects sold or under construction, with as many as 87 under the Ferretti Yachts, Pershing, Riva, Custom Line and CRN brands, 22.5 per cent more compared to last year’s 71, and ranked second overall with 2,762m (9,061ft) of super and mega yachts under construction.
Mr Alberto Galassi, Chief Executive Officer of Ferretti Group, commented: "Even numbers bear an irrevocable beauty, and those of the Global Order Book tell a story of Ferretti Group’s growth, demonstrated also by the revenues and profits we achieved.
“Not only have we climbed the ranking, with about 2,762m of boats over 24m sold and under construction, but we are world leaders by the number of projects: 87.
“This would not have been possible without the investments and commitment in research and development, for each brand and for every hull size. These projects have always been realised on schedule and altogether stand for 159 yachts of excellence. Our strategy focuses on exclusivity and innovation, and the industrial and financial reliability of Ferretti Group."