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."