Ferretti shows up at Cannes announcing strong growth in orders

Cannes - At the opening press conference, CEO Alberto Galassi presented a review of the key consolidated figures for the first eight months of the financial year 2015: positive EBIT and cash flow and a 105% increase in orders intake, amounting to € 253 million.

Cannes - Ferretti Group shows up in style at the 38th Cannes Yachting Festival, taking place from September 8th through 13th, 2015 and bringing together on one stage - that of the Vieux Port and the Port Pierre Canto of the French town - all the key players on the international leisure boating scene. At this event – representing the first opportunity in the new boat show season for the main yacht building groups and yachting enthusiasts from all over the world to meet - Ferretti Group presents a prestigious fleet of 21 crafts, including as many as 6 world premieres: Ferretti Yachts 550 and Ferretti Yachts 700 by Ferretti Yachts, 76’ Perseo, 88’ Florida and 88’ Domino Super by Riva and Custom Line 108’ by Custom Line. At the press conference opening the boat show, Ferretti Group’s CEO, Alberto Galassi, 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.

“This year, at Cannes, our Group presents 6 world premieres, confirming our commitments, continuous brand investments and strong focus on product development. In particular, we are very satisfied with the brilliant results achieved in the first eight months of 2015, showing a substantial increase in orders intake, as well as positive cash flow and EBIT performances, and validating the effectiveness of our strategy for growth through continuous product range innovation”, stated Ferretti Group’s CEO, Alberto Galassi. 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.