The Ferretti Group said it received orders for new boats for $766.7 million (€691 million) in 2019, up 20 percent compared to the previous year’s $636.9 million (€574 million). Ferretti Group CEO Alberto Galassi made the announcement during a press conference at the Düsseldorf boat show, which runs Jan. 18-26.
The Italian conglomerate said it was entering the sailing and outboard markets with its Wally division. The company announced upcoming launches in 2020, including the Riva 88 Folgore, Ferretti 500 and 48 Wallytender X. The “TØ project” range for Pershing and the Ferretti 1000 projects will also be developed.
Galassi said the company has invested more than $222 million (€200 million) in the last four years in new-product development. He said the launches that resulted from the investments accounted for about 90 percent of 2018 sales.
The group has six boats at the Düsseldorf show, including the Pershing 7X, which made its world debut, and the Riva Dolceriva premiere for the German market.