Skip to main content
Publish date:

Ferretti Group Reports Strong Q1


Ferretti Group said strong sales in Europe and the Middle East helped boost first quarter revenues by 40 percent compared with the same quarter in 2020.

The Italy-based group today reported revenues of EUR186 million ($224 million) for the quarter, with more than half of its sales made in the aforementioned regions.

Also for the quarter, new orders totaled EUR300 million ($360 million), which Ferretti said was equal to 56 percent of the group’s entire 2020 order book.

2_Ferretti_Navetta 30.2_Launch_Fleet

Ferretti Group said it launched a record 56 yachts and superyachts in the first three months of the year, representing nearly all of the group’s brands. A 30-meter, carbon fiber Wally sailboat was the first sailing yacht sold since Wally joined the group in 2019.

“Record-breaking first-quarter EBITDA and equally extraordinary new order growth tell the story of a Ferretti Group with the wind in its sails, and everything points to a very positive 2021,” Ferretti Group CEO Alberto Galassi said in the statement. “We were expecting to grow, but this fantastic acceleration has beaten all our forecasts.”


Perfect Timing

With all the new boats sold recently, it’s inevitable that a good percentage will wind up on the used market. MRAA has launched a Certified Pre-Owned Boat Program to help dealers strengthen this profit center.

A Boatbuilder in Congress?

Robert Healey Jr., of Viking Yacht Co., is running for a U.S. House of Representatives seat in New Jersey.

Monterey and Blackfin to Expand Operations

The company will add 50,000 square feet of manufacturing space to meet increased demand, creating 150 job opportunities.

Pettit Tuff Coat

NEW PRODUCT: Pettit Tuff Coat is a perfect solution for slippery surfaces on your boat or dock. Pettit Tuff Coat is a water-based, rubberized, non-skid coating that prevents slips and falls while looking great! Durable and resistant to chemicals and impact, Pettit Tuff Coat is long-lasting and gentle on bare feet and bikinis.

Aren’t We Great?

Beware of navel-gazing and taking too much credit for our industry’s recent successes.

MRAA Launches Certified Pre-Owned Boat Program

Working with two industry certification partners, the association created a program to help dealers “find greater confidence and profitability in their preowned business.”