The Italian conglomerate reported profits of $35 million for fiscal 2018
The is now group world’s second-largest builder in the 78-plus-foot category.
The Ferretti Group’s year-to-date order book is €218 million, or $252 million, which is in line with its budget estimates.
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.
Ferretti Group Asia Pacific, the Hong Kong-based subsidiary of Ferretti Group, has signed an exclusive dealer agreement with Yacht Sourcing and opened an office in Jakarta, Indonesia.
The Ferretti Group will bring two yachts making their North American debuts to the Fort Lauderdale International Boat Show, which starts Wednesday and will continue through Sunday.
The group will exhibit a fleet that includes the 180-foot CRN Atlante, the flagship of the show.
The group also announced the first elements of a two-year investment plan at a conference in Milan today.
The Ferretti Group said it will hold its 2017 Convergence meeting next week in the Slovenian capital of Ljubljana.