CRN premieres Latona at Monaco Yacht Show
Published: Thursday, 27 September 2018
Ferretti Group exhibits world debut of the CRN Latona in the principality of Monaco, alongside the semi-displacement Custom Line Navetta 42, the planing Custom Line 120', and the Riva 110' Dolcevita flybridge.
(Photo: Ferretti Group - CRN Latona)
The Group chose the Monaco Yacht Show for the world debut of the new CRN flagship. Launched last February and delivered in May, the 50m Latona is projected by CRN’s engineering and interiors and design departments in collaboration with Zuccon International Project.
During the press conference that took place in the morning of the opening of the show, Alberto Galassi, CEO of Ferretti Group, revealed, together with the Chief Commercial Officer Stefano de Vivo, the investments in the super and mega yacht sector, the new projects of the upcoming flagships and the new Riva, Pershing and CRN mega yachts currently under construction.
“Now more than ever, success belongs to those who move fast, in the direction of the market and today the market looks with increasing interest to large yachts. It is precisely in the segment of pleasure yachts, that we are investing capital, resources, and all our know-how to consolidate ourselves as a worldwide reference point for excellence and design,” said Galassi.
"The numbers are proving us right and convince us that pursuing beauty means conquering the market.”
The superyachts occupy an increasingly important place in the Group’s plans: in the next three years (2019-2021), there will be 13 new projects over 30m compared to the eight presented in the previous three years and 66 new yachts in the segment of super and maxi yachts.
(Custom Line Navetta 42)
There are currently five new pleasure yachts under construction at the Ancona shipyard, ready to be launched in 2019: the two units of Pershing 140, the Riva 50m, the largest boats ever built by the respective brands, the CRN 137 of 62m and the CRN 135 of 79m.
In the first eight months of 2018, the Group achieved a production value of €420 million, 22 per cent up compared to the same period of 2017. The estimates for 2018 are confirmed, which foresee a production value of €704 million. As for investments, it increased to €153.5 million in the 2015-2018 four-year period, of which about 30 per cent allocated to the design and development of yachts over the 30m.