September 12 2018
The Cannes Yachting Festival, the largest international event in the sector, opened as usual with the Group's annual press conference. Mr Alberto Galassi, CEO of Ferretti Group, together with the Chief Commercial Officer, Stefano de Vivo, presented the main financial results achieved during the first 8 months of 2018, confirming the positive trend that strengthens the Group’s international leadership.
As at August 31st, 2018, Ferretti Group recorded a consolidated order book for serial brands equal to 218 million Euros, in line with the budget estimates for the current financial year. The Group expects to close the year with a total purchase order for serial brands of 450 million Euros, confirming and consolidating the extraordinary result already achieved in 2017.
The Group continued its strong commercial penetration on a global scale. From a geographic point of view, in percentage terms on consolidated order book, as at August 31st, 2018, Europe - Middle East - Africa contributed for 49% of new orders, Americas for 36% and Asia Pacific for 15%.
After the first 8 months of 2018, the Group achieved consolidated revenues of 420 million Euros, +22% compared to the same period of 2017 (344 M€). The estimates for 2018 are confirmed, which foresee a production value of 704 million euros.
The Group continues the investment plan as the core asset of its strategic line. In the 2016-2018 three-year period, around 133,5 million euros were invested in product development and industrial capacity, which allowed a rapid pace in the renewal of the range. From 2015 to 2018, 30 new models were produced, including the magnificent Cannes world premières, ready to sail the waters of the world during the next 2018/19 nautical season: Riva 110' Dolcevita, Riva 66' Ribelle, Ferretti Yachts 670, Custom Line Navetta 42 and Custom Line120'.
“Cannes is like a grand gala, one comes to shine and leave a mark. This year we participate with the fleet of wonders: 25 magnificent yachts, with 5 world premières representing 3 of our brands" - said Alberto Galassi. “As always, the show is also an opportunity to make an initial assessment of the brilliant results achieved this year. The figures for the first eight months of 2018, characterized in particular by a production value higher than last year of 22%, confirm that we are on the right course. No miracle, everyone has been working hard, and the awareness of our strength, keeping year after year the commitment to invest in product development, production capacity and technological innovation. As evidence of the effectiveness of a growth strategy based on the constant renewal of our product range, almost 70% of revenues is the result of the success of the serial models presented in the last four years. We continue to believe in beauty, improvement of performance and attention to detail, because this is what our customers appreciate: an inimitable mix of Made in Italy quality and elegance that places us at the top of the nautical scene”.
The Ferretti Group stand is set up in the Espace Riviera, #PALAIS102 JETEE 012 exhibition area, while Custom Line yachts are moored at the Super Yacht Extension, in front of the SYE193 lounge. At JETEE 008 pier visitors can admire Pershing, Itama, Ferretti Yachts and Riva fleets, moored in front of their respective lounges.
Moreover, an iconic Rivamare will be displayed at the entrance of the exhibition for the whole duration of the show. With the 5 world premières, Ferretti Group’s fleet in Cannes is composed of:
- Ferretti Yachts 450, Ferretti Yachts 550, Ferretti Yachts 670, Ferretti Yachts 780, Ferretti Yachts 850 and Ferretti Yachts 920;
- Custom Line Navetta 42 and 120’ for the Custom Line brand;
- Itama 62;
- 27’ Iseo, Rivamare, 56’ Rivale, 66’ Ribelle, 76’ Bahamas, 76’ Perseo, 88’ Domino Super, 100’ Corsaro and 110’ Dolcevita for Riva brand;
- Pershing 5X, Pershing 62, Pershing 70, Pershing 82 and Pershing 9X.
During the Festival, Ferretti Group will always be flanked by prestigious luxury partners, protagonists of various entertainment initiatives during the days of the fair.
7 Pines, the luxury resort in Ibiza hosting the first Pershing Terrace, is the Group's main sponsor for Soirée Nautique - the late opening night of the show scheduled for Friday, September 14th, during which Red Oyster will offer a tasting of its precious oysters - together to Seabob, which exhibits its magnificent limited edition products with custom livery, created ad hoc for the Group's brands.
The partnership with Dolce & Gabbana, which signs the Ferretti Group uniforms, and with Samsonite, which provides business luggage, has been renewed. La Scolca delights visitors with an exclusive tasting of its fine wines.
Culti Milano proposes the olfactory essences that will make visitors dream on board of the yachts and in the lounges, while the suggestive Arquati pergolas will protect guests from the sun, refreshing them pleasantly, while visiting the stand. The partnership with Sabrina Montecarlo continues, which has embellished the Group's yachts with its luxurious furnishing accessories.
Taurus exhibits the models 'Taurus for Ferretti Yachts 50th anniversary', the bicycles made in limited edition (in the three versions man, woman and pedal assisted) on the occasion of the celebrations of the fiftieth anniversary of the brand. Finally, Emirates Airlines, which has reserved special treatments on flights to Ferretti Group guests.