September 6 2016
Ferretti Group at the Cannes Yachting Festival 2016.
With the largest fleet of the show, presenting the greatest number of world premiers, 6 new models from 12 to 37 meters. The Group announces order intakes in line with the budget and steady profits
Cannes, 6th of September, 2016 - Ferretti Group inaugurates the 2016 - 2017 season at the 39th edition of the Cannes Yachting Festival with its fleet of 22 yachts from 8 to 37 meters, amongst which presenting to the public 6 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 ever built by Custom Line.
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. Mr. Alberto Galassi, CEO of Ferretti Group, 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 Yachting Show in France as a star, with 6 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" - said Mr. Alberto Galassi.
"These new models, along with all the other ones on display, form an unrivalled fleet of 22 yachts between 8 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 characterized by an order intake in line with our objectives and stable positive economic results."
From a commercial point of view, as of the 31st of August 2016, 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 31st of August 2016, 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%.
The success of our 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 8 months of the year, to achieve consolidated revenues of 314 million euros, compared to the 250 million as of the 31st of August, 2015.
The EBITDA, as of the 31st of August 2016, reached 34.7 million euros, which is an extremely 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 August 31st, 2016, 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 Yachting Cannes Festival, scheduled for Friday, 9th of September, taking care of the entire food & 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.
The six Ferretti Group world premier models at the 39th edition of Cannes Yachting Festival
Ferretti Yachts 850
A luxurious flybridge that offers the experience of living in a loft surrounded by the sea, is the latest masterpiece in the nearly fifty-year history of a brand that has conquered all major international markets. With four units sold, the new yacht is already an extraordinary international success.
Ferretti Yachts 450
It is the model with which the brand returns to dominate the yachts of strategic importance with size between 40 and 50 feet. This flybridge is distinguished by the hull geometry, the amplitude of the volumes, elegance and functionality in setting the interior by enhancing a family feeling with the "big brother" Ferretti Yachts 550, one of the biggest recent successes of the brand.
New icon of style and design that once again redefines the rules of timeless elegance and writes a new page in the more than 170 years of Riva history. The new open model from Sarnico, with already 8 units sold in less than three months, is a gem with sinuous lines, precious materials and unique details, a worthy heir of masterpieces like Aquariva Super and, before that, Aquarama. A contemporary masterpiece.
The new "convertible" Riva yacht inspires from the coupe platform of 76 'Perseus "Convertible Top" technology, Ferretti Group exclusive patent presented for the first time on 88' Florida. 76 'Bahamas has the DNA of a modern Riva: a synthesis of tradition and innovation, elegance and performance. The Mediterranean style of the interior offers also an unforgettable yachting experience.
The first model of the "Generation X" Pershing is the new coupe of the fleet: more and more advanced, more and more surprising. The letter X - aeronautical code referring to extreme performance and technological evolution - evokes that inexhaustible urge to discover new horizons at great speed. Lines, propulsion, performance and style of Pershing 5X have captivated audiences in no time, with six units already sold.
The new flagship of the semi-displacement series is the largest ever built model by Custom Line and is among the largest vessels on show in Cannes. The values of manoeuvrability, comfort, security and personalization - always in the DNA of Custom Line - are revealed in a revolutionary product of style, design and volumes, offering a top of the class model. A yacht of great success, thanks to the four units already sold, pays tribute to the twentieth anniversary of the brand, navigating it, at the same time, toward an even more brilliant future.