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Ferretti Group at the Cannes Yachting Festival: Record Profitability and Six Premieres

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Ferretti Group entered the 2024 Cannes Yachting Festival with outstanding financial success and six premieres across its Custom Line, Riva, Wally, Pershing, and Ferretti Yachts brands. Notably, the company achieved record profitability during the first half of 2024, with net revenues of €611.0 million, up 7.7%, and an adjusted EBITDA of €96.7 million, reflecting a 15.9% increase. Net profit rose to €44.0 million, further signaling strong growth.

Ferretti Group’s CEO Alberto Galassi highlighted the long-term vision and strong demand for larger, custom-made yachts, driven by recent acquisitions and shipyard expansions. The Group continues to lead the industry with a robust development pipeline, promising 25 new yacht models from 2024 to 2026.

Six Yacht Premieres:

• Custom Line Navetta 38: A fully custom yacht designed for seamless interior-exterior living, featuring an extendible beach club.

• Pershing GTX80: A sporty yacht combining elegance and thrilling performance with its 23-square-metre sundeck and SeaScape feature.

• Ferretti Yachts INFYNITO 80: A model that embraces sustainable innovation through F.S.E.A. technology, integrating large covered outdoor spaces and fluid indoor-outdoor continuity.

• Ferretti Yachts 670: A reimagined yacht optimized for volume and light, enhancing the liveability and comfort of its spaces.

• Riva El Iseo: A full-electric powerboat that blends Riva’s signature design with cutting-edge electric propulsion technology.

• Wallywhy100 and Wallypower50: Models focused on luxury, comfort, and versatility, from seamless glass superstructures to powerful engines designed for flexible roles, from tenders to cruisers.

As a public company, Ferretti Group’s strength is bolstered by international investors, with strategic collaborations that drive innovation in yacht design and performance.

Ferretti Group also collaborates with prestigious brands, including Dolce & Gabbana, Lavazza, and Range Rover, to enhance the luxury experience at the festival.