The Ferretti Group, announcing financial results for 2016 and the first quarter of this year, said it became profitable last year for the first time since 2008.
Ferretti Group brand CRN Yacht, which specializes in fully custom steel and aluminum pleasure yachts, released the details of its newest build.
The Ferretti Group held the training symposium Convergence 2017 over four days in March in Ljubljana, Slovenia, with 90 captains and chief engineers taking part in refresher courses, workshops and classroom sessions.
The Ferretti Group brand Pershing Yacht said the Pershing 82 VHP and Pershing 74 coupes were recently overhauled.
The Ferretti Group said it will hold its 2017 Convergence meeting next week in the Slovenian capital of Ljubljana.
The Ferretti Group brought eight models between 26 and 108 feet to the Dubai International Boat Show, which opens Tuesday and will continue through Saturday at the Dubai International Marine Club of Mina Seyahi.
Fincantieri and Ferretti Group reached a cooperation agreement with the goal of developing commercial and industrial synergies between the Italian companies.
The Ferretti Group will bring a fleet of 17 models to Yachts Miami Beach, which opens Thursday and continues through Monday, ranging from 27 to 92 feet and spanning the Ferretti Yachts, Pershing, Riva and Custom Line brands.
The Ferretti Group said it will be is at boot Düsseldorf, which opens on Saturday, with five yachts, four of which are premiering to the German market and three that are making their world debuts.
By the end of this year the Ferretti Group will have built 148 yachts under its seven brands, up 25 percent from the 117 built in 2015 — which the group said was a record increase of more than 20 percent from 2014.