Ferretti’s net revenue new yachts dropped to €302.1 million for the period ending 31 March 2026, down 8% compared to the same period in 2025.
The shipyard had an adjusted EBITDA margin of 16.1%, compared to 16% in 2025, with EBITDA of €48.7 million, down 7.2%.
Net profit was €21 million, down from €23.9 million for the same period in 2025.
Order intake for the quarter was €179.6 million, down from €270.6 million in 2025 with a net backlog of €722.3 million, down compared to €828.6 million as of 31 December 2025.
The Group expects net revenue new yachts to be in the range of €1,250 – €1,265 million, with an adjusted EBITDA margin between 16.2% and 16.6% and capital expenditure in the range of €70 – €75 million as of 31 March 2026.
2026 revenues
“The first quarter reflected a softer commercial environment and slower order conversion than we would have liked, particularly on order intake. We approach this with realism, discipline and operational focus,” said Group chief executive officer, Stassi Anastassov.
“More than €400 million of net backlog is already expected to convert into 2026 revenues, providing meaningful visibility as we progress through the year.
“In the current environment, our focus is not on short-term reactions, but on disciplined execution, operational excellence and long-term value creation.”
He concluded: “We remain confident in the long-term strength, positioning and potential of the Ferretti Group ecosystem.”
The Group had a net financial position of €18.4 million as of 31 March 2026.
