Skip to main content

Ferretti Group expects record 2017 boat production

The Global Order Book for 2018 ranks the Ferretti Group first for the number of projects sold or under construction.

The Global Order Book for 2018 ranks the Ferretti Group first for the number of projects sold or under construction.

The Ferretti Group said it will build a record 159 boats across its seven brands by the end of the year, a 7.5 percent increase from 2016.

The production value for the year will be more than 600 million euros; 600 million is nearly $706 million by today’s exchange.

The Global Order Book for 2018 — the ranking of the top 20 yacht builders over 24 meters (78.7 feet) published by U.K.-based Boat International magazine — ranked the Ferretti Group first for the number of projects sold or under construction.

The group has as many as 87 projects under the Ferretti Yachts, Pershing, Riva, Custom Line, and CRN brands, 22.5 percent more than the 71 in 2016.

"Even numbers bear an irrevocable beauty, and those of the Global Order Book tell an amazing story of Ferretti Group’s splendid growth, demonstrated also by the revenues and profits we achieved,” Ferretti Group CEO Alberto Galassi said in a statement. “Not only have we climbed the ranking, with about 2,762 meters of boats over 24 meters sold and under construction, but we are world leaders by number of projects: 87.

“This would not have been possible without the investments and commitment in research and development for each brand and for every hull size,” Galassi said. “These projects have always been realized on schedule and altogether stand for 159 yachts of excellence. Our strategy focuses on exclusivity and innovation, and the industrial and financial reliability of Ferretti Group." 

Related

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.

1_BENETEAU

Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.