19 April, 2019
Ferretti Group Growth Continues in 2018
Net Profit Climbs to 31 Million Euros
The Group 2018 financial cycle is characterized by a PAT (Profit After Taxes) of 31 million euros, which confirms a stable growth in profits, with an increase of 29% compared to the previous year. The consolidated production value rose to 669 million euros, growing by 7.5% compared to 623 million in 2017. The portfolio order through December 31st 2018 was equal to 708 million euros. In addition, the Group’s total assets reached € 1.14 billion, of which € 38.5 million was composed of liquid assets. Ferretti Group announces the closing of the acquisition of Wally brand. The Group’s portfolio grows up to 8 brands confirming its positioning as the leading atelier of the international nautical market. Alberto Galassi, CEO of Ferretti Group, commented: ‘A clear and elegant beauty lies even in numbers, and the 2018 fiscal year figures show us once again that making beautiful and unmistakable boats is still the best route to follow and the winning solution for success. It is increasingly clear that ‘winning easy’ is just a slogan and that to stay at the top and grow steadily as Ferretti Group has been doing for some years, it is necessary to move fast and remain responsive in a market that is constantly changing. Our shareholders, who in the 2015-2018 four-year period invested 154 million in Research & Development and reinvested in the company all profits earned are, fortunately, the first and most certain ones about the need to never stop. ‘Never change a winning team’ but, if a champion arrives let’s make an exception. That’s why this year Ferretti Group enhanced with the entry of Wally, an extraordinary brand that led the Group, with its 8 world famous brands, to boast the most qualitative and varied range of the entire Italian nautical industry’.
Photo by Ferretti