Ferretti

Italian builder announced that the IPO resulted in a market capitalization of US$970 million.

The conglomerate saw revenues increase by 40 percent, with a record 56 yachts launched in the first quarter.

Ferretti Group and Sanlorenzo create a new venture to take over the ailing Perini Navi yard.

The company announced a $15 million investment for service center in Fort Lauderdale.

It’s the first Italian yard is the first to reach the milestone.

The company said orders were up 20 percent in 2019 compared to the previous year.

Ferretti’s new ad campaign, “Just like Home,” focuses on a “lifestyle allure” designed to “elevate the brand image internationally.”

The company said the stock valuation was too low and that it will hold another IPO after it shows the “markets what we are worth,” according to CEO Alberto Galassi.

The technical- and experience-based training event is designed for captains and chief engineers working aboard the group’s yachts.

In the middle of its IPO, the Italian company said orders for new boats are up 18 percent for the first three quarters compared to a year earlier.

The Italian builder plans to list about 30 percent of its stock and begin trading Oct. 16.

The initial public offering comes as sales grow in 2019.

The company will have an office, workshop and parts department at the facility.

The Italian conglomerate reported profits of $35 million for fiscal 2018

Reuters reports that the Italian conglomerate is preparing to return to the Milan stock exchange.

The Italian conglomerate will invest $95.8 million into Wally over the next four years.

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.

Ferretti Group said it will hire 80 people across its five Italian shipyards after it experienced double-digit growth in 2017.

Ferretti Group is holding its Convergence training and refresher conference for vessel captains and chief engineers March 1st through 3rd in Dubai.

The Ferretti Yachts 920 flybridge was named Best Motor Yacht Under 100 Feet in the Best of Best Awards selected by Robb Report China.

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.