Ferretti: half-year revenues up 7.7% to 611 million, profit rises to 44 million
The Ferretti Group closes the first half of 2024 with net revenues at 611 million euros, up 7.7% in one year. Adj. Ebitda stands at 96.7 million, +15%, with a margin of 15.8%. Net profit is 44 million, +7.6% on the first half of a year ago. The luxury yacht group’s order intake stands at 514.4 million, with an order book that reaches 1.5 billion euros. Perspectives that allow the group to confirm the guidance for the year as well as the medium term.
“One year after the success of the double listing on the Hong Kong and Milan stock exchanges, Ferretti Group confirms its growth. Margins reach 15.8%, the best result ever for the group’s profitabilitywhich combine with a net financial position of 237 million euros, improved by over 30 million compared to last spring”, Alberto Galassi, CEO of the group. “The second quarter of 2024 also shows signs of long-term growth, including the significant recovery in demand from the North American market, which grew by over 28%”, concluded
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