Ferretti Group expects record 2017 boat production

Author:
Publish date:
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

A Win for Gulf Reef Fish

The newly authorized DESCEND Act requires anglers to use descending gear when releasing catches in federal Gulf of Mexico waters.

Coast Guard Foundation Names Chairman

Thomas A. Allegretti will lead the non-profit’s board of directors.

In-Person Charleston Show Opens Friday

Under Covid-19 guidelines, the South Carolina boat show has a modified format for the safety of attendees and exhibitors.

Polaris Sees Q4 Surge

The powersports manufacturer had solid gains in every segment, with boat sales up 20 percent.

ABYC Updates Board

The group added a new member and elected several officers, including Nancy Cueroni as chairman.

Quick Hits: January 27, 2021

ICOMIA release its latest state of the industry report; one of the country’s largest waterjet cutting machines goes online at Maine’s Front Street Shipyard; and T-H Marine Supplies names a new national sales and marketing manager.

Q&A with Martin Bjuve

Volvo Penta of the Americas president and lifelong boater Martin Bjuve.

Changing Currents

E-mobility efforts remain centered outside of the U.S.

The Evolving Retail Culture

Finding new ways to connect with boaters.