Ferretti Group’s order book reached an all-time record high of €1.7 billion at the end of 2024, up 25.5% compared to 30 September 2024, and up 11.6 % compared to December 2023.
In its financial results for the year ending 31 December 2024, the Group had an EBITDA margin of 16.2%, outperforming expectations, with net revenue new yachts equal to €1,173.3 million, an increase of 5.6% compared to 2023.
The Group’s net profit was equal to €88.2 million, an increase of 5.6% when compared to 2023 and order intake reached €1,139.3 million in 2024, up 1.7% compared with 2023.
“We close 2024 with great optimism and the satisfaction of having achieved extraordinary milestones.
“Our steady growth, year after year, has allowed us to achieve unprecedented results, both in terms of order backlog and margins, confirming the solidity of our strategy and the strength of our brands in the market,” said Alberto Galassi, the Group’s CEO.
“The order backlog has reached a record of €1.7 billion, marking an 11.6% increase compared to 2023 and an impressive 25.5% growth compared to the first nine months of 2024.
Our steady growth, year after year, has allowed us to achieve unprecedented results.
Alberto Galassi
“This is our best result ever, driven not only by the exceptional performance of the last quarter but also by the continuous trust our customers place in our ability to innovate, ensure quality, and deliver maximum reliability.”
The Composite yachts segment totalled €432.4 million in 2024, accounting for around 38% of total order intake.
This was down from €527.2 million – 47.1% – of total order intake in 2023.
The Made-to-measure yachts segment totalled €408 million in 2024, accounting for around 35.8% of total order intake, down from €423 million in 2023
The Super yachts segment totalled €294.9 million in 2024, accounting for about 25.9% of total order intake up from €149.5 million, and 13.3% of total order intake in 2023.
And Ferretti’s Other businesses totalled €4 million in 2024 – 0.3% – of total order intake, down from €20.7 million in 2023.
By geographic area, sales in Europe totalled €559 million, around 49.1% of total order intake in 2024, MEA totalled €339.5 million, about 29.8% of total order intake in 2024,
APAC totalled €18.6 million, and AMAS totalled €222.2 million.
