Ferretti Group closes year with 29% jump in profits

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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. 

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