Early in September, Ferretti Group hosted its ninth private preview event at the Yacht Club de Monaco, where exclusive guests got to set eyes on—and some even trial on sea—37 boats, including seven premieres. On the following day, the Cannes Yachting Festival kicked off in style and with impressive sails as Ferretti Group took to the waters with 21 incredible boats and six grand premieres for the Custom Line, Riva, Wally, Pershing, and Ferretti Yachts brands.
Over the course of six days, the event provided the yachting group with ample opportunity to make waves, starting with the debut of the standout Custom Line Navetta 38, Pershing GTX80, Ferretti Yachts Infynito 80, the new Ferretti Yachts 670, Riva’s first full-electric powerboat, and the international yachting debut of Wally’s Wallywhy100 and Wallypower50.
“Every owner, every boat show expects to see ever more beautiful boats from us that they can fall in love with at first sight and for many years to come,” said Ferretti Group CEO Alberto Galassi. “As is the case here at Cannes, where we’re showing a fleet that sets superlative standards, with six premieres. The [group’s] record numbers and results allow us to base our planning and production on a long-term vision that recognises, for example, demand for ever larger boats tailor-made to meet customers’ wishes. With the new acquisitions and the expansion of the shipyards, we can realise every dream: Ferretti Group’s horizon is becoming more and more interesting and full of satisfaction.”
Ferretti Group continues to drive growth, with great profits attained in the first half of 2024. With a net revenue of €611 million (HK$5.28 billion) for new yachts, an order intake standing at a whopping €514.4 million (HK$4.44 billion) for the first six months of the year, and a backlog rising to €1.5 billion (HK$12.9 trillion), every figure is up since past reports.
Ferretti has also made waves in other ways. Its listing on Euronext Milan attracted significant attention among Italian and international investors, enabling the public company to expand the made-to-measure range with larger models that reflect the latest industry trends. The appointment of the new chairman of the board of directors, Jiang Kui, also made ripples in yachting news as Ferretti Group’s strategic vision for product development has kept its extraordinary fleet in vogue.
To top it all off, over 25 new launches from 2024 to 2026 are in the works, including growth in the group’s iconic brands, including Riva, Wally, Pershing, and Custom Line. With strategic collaborations and state-of-the-art technology, the research and development team has been in overdrive, making Ferretti a player to watch for the latest innovations in yachting.
All images courtesy of Ferretti.
