Ferretti Group touts increase in 2016 production - Trade Only Today

Ferretti Group touts increase in 2016 production

Ferretti said the expected turnover for the current year will be almost 500 million euros, or about $522.8 million.
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The Ferretti Group said it launched 24 new models in three years after an investment by shareholders in product development.

The Ferretti Group said it launched 24 new models in three years after an investment by shareholders in product development.

By the end of this year the Ferretti Group will have built 148 yachts under its seven brands, up 25 percent from the 117 built in 2015 — which the group said was a record increase of more than 20 percent from 2014.

Ferretti said the expected turnover for the current year will be almost 500 million euros, or about $522.8 million.

The group said it launched 24 new models over three years after an investment by shareholders — the Weichai Group and the Ferrari family — of more than 50 million euros (about $52.3 million) in product development.

“This is further proof of the effectiveness of our strategy, which is based on exclusivity, innovation and attention to people. This year's global order book provides an accurate reflection of the Ferretti Group's incredible growth,” Ferretti CEO Alberto Galassi said in a statement.

“A real growth, as demonstrated by the revenues and the profits we achieved. Ferretti Group has not only risen in the ranking, with over 2,300 meters for yachts over 24 meters sold and under construction, but we are actually ranked first in the world in terms of number of projects: 71,” Galassi added.

“This is thanks to the investments in and strong commitment to product research and development across all its brands and for all craft sizes. The projects are always completed within schedule, and the group has delivered 148 products of excellence which are market leaders worldwide,” he said. “All due to the beauty, quality, style, advanced technology solutions featured on … our yachts and to the industrial and financial reliability of the Ferretti Group.”

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