September 7 2021
Ferretti Group is back on stage at the Cannes Yachting Festival with five outstanding premieres and record-breaking half-year.
- The Group is showcasing a fleet of 23 yachts and five world premieres on behalf of its Riva, Pershing, Ferretti Yachts and Wally brands.
- On the launching pad 6 new projects for the brands Riva, Wally, Custom Line, Ferretti Yachts and Pershing and the new fleet of Wally sailing models up to 150’.
- In the first half of 2021, revenues stand at EUR 457 million, about 75% of total turnover in 2020, and EBITDA of EUR 53 million has increased more than fourfold on the figure at June 2020.
Cannes, September 7, 2021 – The Cannes Yachting Festival is back with in-person attendance, from September 7 to 12, and Ferretti Group is there in grand style with an extraordinary fleet of 23 magnificent yachts, including five new entries, from its Riva, Pershing, Ferretti Yachts and Wally brands.
In the enchanting setting of the Côte d'Azur, five fantastic boats make their world debut, representing an unrivalled synthesis of style and design, comfort and liveability, technological innovation and performance. They are Riva 68' Diable, Riva 76' Perseo Super, Pershing 6X and Wally WHY200, joined by the majestic Ferretti Yachts 1000, the largest model ever built by the Cattolica-based Shipyard.
Great interest for the presentation of the progress of the Full Custom 101 Wally, produced in Forlì, whose launch is planned for next year, for the long-awaited launch of the new sailing fleet, consisting of three models 110, 130 and 150 semi-custom, and for the new 58wallypower, one of the six new projects signed Ferretti Group alongside Riva 102’, Riva 130’, Custom Line 140’, Ferretti Yachts 780 and Pershing TØ.
The 43rd edition of this key European show for industry players and journalists got underway again this year with the Group’s annual press conference, during which Ferretti Group CEO Alberto Galassi described the main economic results in the first half of 2021.
Ferretti Group closes the first half of the year with excellent results: in the first six months of 2021, revenues of €457m were up 78% on the first half of 2020, when they stood at €258m, and represent 75% of the 2020 full year value of €611m.
EBITDA stands at €53m, or almost four times the value reported for the same period in 2020 (€13.5m). Profit climbs to €23m (€2.6m in the first half of 2020), beating the 2020 year-end figure of €22m.
In June 2021, the order intake stood at €493m against €181m in June 2020, driving an increase in the order book to €817m.
The Group continues to pursue the investment plan that is a core asset in its strategic roadmap. In the three-year period 2018-2020 alone, over €200m were invested in product development and industrial capacity, enabling the Group to make rapid progress on range renewal, with the launch of 23 new models.
“In sport this is the year of Italy and in sailing the champion is Ferretti Group, which is impressing everyone with amazing boats and record numbers. There really is no better time to return to Cannes with in-person attendance and a super fleet of 23 yachts and five world premieres that tell the story better than any words of our determination to create beauty and performance," said Ferretti Group CEO Alberto Galassi. “Even the mathematics are on our side: the resounding figures for the first six months describe strong growth that rewards an industrial strategy geared to constant innovation. Suffice it to say that in the three-year period 2019-2021 alone, we presented 23 new series and semi-custom models, and will launch just as many in the next three years, renewing the range of all our brands. We're in for a resounding end of the year!".
FERRETTI GROUP WORLD PREMIERES AT THE 2021 CANNES YACHTING FESTIVAL:
Riva 68' Diable
An open yacht with a high concentration of sportiness, innovation and liveability, the Riva 68’ Diable incorporates inspiring technological and design innovations, accompanied by the cultured taste for tradition and fine detailing that is the brand’s stylistic hallmark today.
One of the main new features and strengths is the new hard top, with a clean, linear design in which the technical and technological components are hidden from sight, protecting and sheltering the central part of the yacht and the helm station on the main deck.
Riva 76’ Perseo Super
The result of collaboration between the Product Strategy Committee, Officina Italiana Design and the Ferretti Group Engineering Department, the new Riva sport-fly exceeds every expectation in terms of design, aesthetics, functionality, onboard liveability and performance.
Over 40 square metres of glazed surfaces on the hull and in the superstructure characterise the yacht’s sleek profile and enhance the sporty look of the exterior styling. The mahogany and polished stainless steel detailing, which has both technical and design functions, pays stylistic tribute to the authentic Riva tradition.
One of the main functional design features is the glass roof with an opening forward section positioned over the lounge, letting both light and fresh air into the space below.
The new entry in the Generation X range expresses the brand’s boldest and most daring side. Born from collaboration between the Ferretti Group Product Strategy Committee, the design firm headed by Fulvio De Simoni, and the Group’s Engineering Department, Pershing 6X turns heads with its highly aerodynamic profile and large glazed surfaces in the hull that flood the lower deck with natural light.
18.94 meters (about 62 feet) in length and 4.80 meters (about 16 feet) wide, this yacht packs all the best of the brand’s leading-edge technology into a compact form factor and, with a top speed of 48 knots, promises to appeal to owners who love excitement on the water.
The new WHY200, the latest motor yacht developed by the Wally design team led by Luca Bassani and the Ferretti Group Engineering Department, with the collaboration of Laurent Gile NA for the naval architecture and A. Vallicelli & C for the interior design, is a new compact superyacht capable of offering the comfort and space of a larger displacement yacht, combined with the speed and performance of a semi-displacement model.
WHY200 is the first Wally Hybrid Yacht, optimised for cruising in both displacement and semi-displacement modes and perfectly positioned midway between larger but slower yachts and fast planing models that inevitably offer less space. Thanks to the latest generation naval architecture and the propulsion system, WHY200 can cruise at a speed of 23 knots in “hyper displacement” mode.
DEBUT AT THE 2021 CANNES YACHTING FESTIVAL:
Ferretti Yachts 1000
The new Ferretti Yachts flagship is the largest boat ever produced by the shipyard.
Built from composite materials, with parts in carbon fibre that underscore the hi-tech content, Ferretti Yachts 1000 reshapes space and changes the whole approach to life on board, with unprecedented design solutions and an interior mood either in Classic style, featuring muted, balanced tones and subtle contrasts, or a Contemporary option with fresher and bolder colour shades.
At the heart of the project is the idea of unparalleled comfort and wellbeing in both outdoor and indoor areas, where quintessential ‘Made in Italy’ taste prevails.