Team Ferretti archive the first semester with revenues net of 611 million, up 7,7% compared to the first half of 2023. Adjusted EBITDA of 96,7 million marks an increase of 15,9% compared to the first half of 2023 and with a margin of 15,8%, with an increase of 110 basis points compared to the first half of 2023.
THENet income is equal to 44 million, up 7,6% compared to the first half of 2023. The Collection orders is equal to 514,4 million in the first half of 2024, with a second quarter that anticipates a new growth trend, order portfolio at 1,5 billion, +6,0% compared to 30 June 2023.
Financial position net of 237,0 million of net liquidity as of June 30, 2024, up by approximately 31 million thanks to negative net working capital, after the payment of approximately 33 million of dividends.
The lawyer Alberto Galassi, CEO of the Group, said: “One year after the success of the dual listing on the Hong Kong and Milan stock exchanges, Ferretti Group confirms its growth. Margins reach 15,8%, the best result ever for the Group's profitability, which are combined with a net financial position of 237 million euros, improved by over 30 million compared to last spring. The second quarter of 2024 also shows signs of long-term growth including the significant recovery in demand from the North American market, which grew by over 28%. The season of the great European boat shows is now upon us and sees the Ferretti Group present itself with a range of innovative, technologically advanced products, attentive to sustainability and, as always, beautiful. Extraordinary boats that, we are sure, will once again be rewarded by the international market”, concludes theAD.
