Ferretti Group reports solid financials for the first 8 months of 2016
Leading Italian yacht-maker Ferretti Group presented an initial review of the positive key figures achieved this year, which are fully in line with the ambitious targets announced at the presentation of the Group’s development and growth strategic plans for the three years 2015-2017, focusing on the further development of the Group’s core brands – all largely thanks to Product Research & Development investments totaling € 50 million, which are supporting the launch of as many as 27 new models.
More specifically, Ferretti Group’s consolidated orders intake as at 31 August 2015 totals € 253 million, showing a 105% increase over the first eight months of the year 2014.
Geographically, in the first eight months of 2015, the Group has continued its sales growth on an international level. In particular, in Europe – Middle East – Africa, the Group’s orders intake as at 31 August 2015 shows a remarkable 187% increase as against the first eight months of 2014, providing further evidence of Ferretti Group’s effective and widespread presence on its ‘historic’ markets.
In Asia Pacific too, in the first eight months of the year the Group has seen a considerable increase equal to 96% in the consolidated orders intake as against 31 August 2014, reaffirming the strategic importance of this area in Ferretti Group’s future development prospects. Finally, in the Americas the orders intake as at 31 August 2015 shows a 20% increase as against 31 August 2014, confirming the Group’s growth on all markets.
As to the percentage breakdown of the total consolidated orders intake by geographical area as at 31 August 2015, Europe – Middle East – Africa accounts for 59%, Americas for 22% and Asia Pacific for 19%. Ferretti Group’s cash flow and EBIT figures as at 31 August 2015 also show positive performances as against the first eight months of the year 2014, further validating the effectiveness of the strategy implemented by the Group during the last year.