Ferretti Group is entering the 2024 yachting season with record financial results and a new Chairman, Jiang Kui. At the Cannes Yachting Festival, the Group showcases 21 yachts, including six premieres from its Custom Line, Riva, Wally, Pershing, and Ferretti Yachts brands. The event runs from September 10-15.
CEO Alberto Galassi highlighted Ferretti’s growing success, with a long-term vision focused on expanding made-to-measure yachts and larger models to meet rising demand.
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The fleet features standout premieres like the Custom Line Navetta 38 and Pershing GTX80, offering luxury, functionality, and cutting-edge design.
The Ferretti Yachts INFYNITO 80 introduces sustainable innovation with F.S.E.A. technology, while Riva presents its first fully electric model, Riva El-Iseo. Wally’s wallywhy100 and wallypower50 also make their debut, showcasing speed and comfort.
Following solid growth in 2023 and listings on Euronext Milan and the Hong Kong Stock Exchange, Ferretti Group continues to expand, with 25 new yacht launches planned by 2026.
The first half of 2024 saw revenues rise to €611 million, a 7.7% increase, while adjusted EBITDA grew by 15.9%, reflecting strong demand. The Group is also investing in new production sites and focusing on innovative, tailor-made superyachts.
Partners such as Range Rover, Flexjet, Dolce & Gabbana, and Lavazza are supporting the Group throughout the Cannes event, providing luxury collaborations that enhance the yachting experience.
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