Ferretti Group’s net revenue from new yachts declined 5.6% year-on-year to €585.6 million, with a particular decline of 8% in the first quarter followed by an improved trend of 2.9% in the second quarter.
Adjusted EBITDA reached €92.5 million with a margin of 15.8%, with net profit down to €37.9 million, compared with €43.6 million reported in the first half of 2025.
Order intake was €341.4 million in the first half of 2026, down versus the prior year, when it reached €467.3 million, with net backlog standing at €564.9 million as of 30 June 2026, compared with €760.8 million in the same period in 2025.
The Group’s cash position improved with €95 million as of 30 June 2026, an increase of €76.6 million compared with 31 March 2026, supported by the seasonal release of net working capital associated with deliveries and after distributing approximately €37.2 million in dividends.
Outstanding brands
“Ferretti remains an exceptional company with outstanding brands, talented people and one of the strongest balance sheets in our industry,” said Stassi Anastassov, the Group’s global chief executive officer.
“At the same time, the first half confirms that we are operating in a more challenging market than we have experienced in recent years.”
He pointed to the lengthening of customer decision cycles and increased competition in several segments for the reason order intake remains below desired levels.
“Our challenge today is therefore primarily commercial rather than financial,” he said.
Commercial momentum
“Our priority is to rebuild commercial momentum while protecting the quality of our order book, our pricing discipline and the long-term value of our brands.”
To this end, Ferretti has launched a number of initiatives to strengthen its position.
“The market environment remains uncertain, and we expect that uncertainty to continue,” he concluded.
“Our focus is therefore not on chasing short-term volume, but on making the right decisions for our customers, our shareholders and the long-term strength of our company.
“I am confident that this disciplined approach will create greater value over time.”
