Ferretti Group closes year with 29% jump in profits

Publish date:

The Ferretti Group said in a statement that its net profits were $35.2 million (31 million euro) for fiscal 2018, a 29% gain compared to the previous year. The Italian boatbuilding conglomerate said annual sales were $756 million (669 million euro) for 2018 and its EBITDA was $59.9 (53 million euro). The company said its total assets exceed $1.24 billion (1.1 billion euro).

The Group also said it closed on its Wally’s acquisition. 


Yanmar Names Power Solutions Division Manager

Carl J. Micu will oversee sales and the development of long-term growth plans.

Lippert Components Rebrands

The company’s core line of marine, RV and commercial products, including Lewmar and Taylor Made, will be branded as Lippert.

‘A Strong Finish to a Strong Year’

Booming demand for boats continued as the year ended, with the industry posting the highest number of sales since 2007.

Culture Summit 2.0

Correct Craft will gather “organizational culture drivers” for its second summit, which will take place virtually March 3.

Quick Hits: January 22, 2021

B.A.S.S. now taking noms for ‘21 Bassmaster High School All-American Fishing Team and Yacht Sentinel teams with Fountaine Pajot to equip its lineup with connected boat technology.

Teak Isle Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.