Yachting Art Magazine

Italian shipbuilder Ferretti S.p.A. has announced strong results for the first quarter of 2025, with a record order book and increased profitability. The group has confirmed its strategic ambitions in the luxury yachting sector.

Ferretti S.p.A. published its unaudited consolidated financial results for the year ended 31 March 2025 on 16 May 2025, showing significant growth across all key indicators. The net order book reached a record level of €1.768 billion, up 7.6% compared to March 2024 and 6.3% compared to last December.

Revenue from the sale of new yachts amounted to €328.5 million, an increase of 5.0% compared to the first quarter of 2024. Adjusted EBITDA came in at €52.5 million, up 8.9%, representing a margin of 16.0%, compared with 15.4% a year earlier. Net profit rose 7.7% to €23.9 million.

Commercial activity also remained strong, with orders received for the quarter totalling €270.6 million, up slightly by 1.5% year-on-year. The net order book at 31 March stood at €839.6 million. The group's net financial position was positive at €54.6 million.

Ferretti has announced a revenue forecast for new yachts of between €1.220 billion and €1.240 billion for the full year, with an expected improvement in the EBITDA margin of 30 to 50 basis points. The medium-term objectives remain unchanged.

According to CEO Alberto Galassi, this performance is supported by strong demand for the Made-to-measure and Super yachts ranges, which now account for around 73% of the order book. The group's presence at international boat shows in Düsseldorf, Miami, Dubai and Palm Beach has consolidated its visibility in strategic markets.