Ferretti Group wins the stage of the 41st edition of the Cannes Yachting Festival, scheduled from September 11th to 16th, with 5 absolute novelties for the Ferretti Yachts, Custom Line and Riva brands.
The 5 world premières, welcomed successfully by public and professionals, inaugurate the new nautical season of the Group in great style.
Together with a majestic fleet of 25 yachts between 8 and 42 meters, the debut was made by:
- Ferretti Yachts 670
- Custom Line 120’
- Custom Line Navetta 42
- Riva 110’ Dolcevita
- Riva 66’ Ribelle
The Cannes Yachting Festival, the largest international event in the sector, opened as usual with the Group's annual press conference. Mr Alberto Galassi, CEO of Ferretti Group, together with the Chief Commercial Officer, Stefano de Vivo, presented the main financial results achieved during the first 8 months of 2018, confirming the positive trend that strengthens the Group’s international leadership.
As at August 31st, 2018, Ferretti Group recorded a consolidated order book for serial brands equal to 218 million Euros, in line with the budget estimates for the current financial year. The Group expects to close the year with a total purchase order for serial brands of 450 million Euros, confirming and consolidating the extraordinary result already achieved in 2017.
The Group continued its strong commercial penetration on a global scale. From a geographic point of view, in percentage terms on consolidated order book, as at August 31st, 2018, Europe - Middle East - Africa contributed for 49% of new orders, Americas for 36% and Asia Pacific for 15%.
After the first 8 months of 2018, the Group achieved consolidated revenues of 420 million Euros, +22% compared to the same period of 2017 (344 M€). The estimates for 2018 are confirmed, which foresee a production value of 704
The Group continues the investment plan as the core asset of its strategic line. In the 2016-2018 three-year period, around 133,5 million euros were invested in product development and industrial capacity, which allowed a rapid pace in the renewal of the range. From 2015 to 2018, 30 new models were produced, including the magnificent Cannes world premières, ready to sail the waters of the world during the next 2018/19 nautical season: Riva 110' Dolcevita, Riva 66' Ribelle, Ferretti Yachts 670, Custom Line Navetta 42 and Custom Line120'.
“Cannes is like a grand gala, one comes to shine and leave a mark. This year we participate with the fleet of wonders: 25 magnificent yachts, with 5 world premières representing 3 of our brands" - said Alberto Galassi. “As always, the show is also an opportunity to make an initial assessment of the brilliant results achieved this year. The figures for the first eight months of 2018, characterized in particular by a production value higher than last year of 22%, confirm that we are on the right course. No miracle, everyone has been working hard, and the awareness of our strength, keeping year after year the commitment to invest in product development, production capacity and technological innovation. As evidence of the effectiveness of a growth strategy based on the constant renewal of our product range, almost 70% of revenues is the result of the success of the serial models presented in the last four years. We continue to believe in beauty, improvement of performance and attention to detail, because this is what our customers appreciate: an inimitable mix of Made in Italy quality and elegance that places us at the top of the nautical scene”.
The Ferretti Group stand is set up in the Espace Riviera, #PALAIS102 JETEE 012 exhibition area, while Custom Line yachts are moored at the Super Yacht Extension, in front of the SYE193 lounge. At JETEE 008 pier visitors can admire Pershing, Itama, Ferretti Yachts and Riva fleets, moored in front of their respective lounges.
Moreover, an iconic Rivamare will be displayed at the entrance of the exhibition for the whole duration of the show.
During the Festival, Ferretti Group will always be flanked by prestigious luxury partners, protagonists of various entertainment initiatives during the days of the fair. 7 Pines, the luxury resort in Ibiza hosting the first Pershing Terrace, is the Group's main sponsor for Soirée Nautique - the late opening night of the show scheduled for Friday, September 14th, during which Red Oyster will offer a tasting of its precious oysters - together to Seabob, which exhibits its magnificent limited edition products with custom livery, created ad hoc for the Group's brands.
The partnership with Dolce & Gabbana, which signs the Ferretti Group uniforms, and with Samsonite, which provides business luggage, has been renewed. La Scolca delights visitors with an exclusive tasting of its fine wines. Culti Milano proposes the olfactory essences that will make visitors dream on board of the yachts and in the lounges, while the suggestive Arquati pergolas will protect guests from the sun, refreshing them pleasantly, while visiting the stand. The partnership with Sabrina Montecarlo continues, which has embellished the Group's yachts with its luxurious furnishing accessories.
Taurus exhibits the models 'Taurus for Ferretti Yachts 50th anniversary', the bicycles made in limited edition (in the three versions man, woman and pedal assisted) on the occasion of the celebrations of the fiftieth anniversary of the brand. Finally, Emirates Airlines, which has reserved special treatments on flights to Ferretti Group guests.
The second hull of the 42-metre E-Volution hybrid sloop has been launched in the water at Perini Navi Istanbul facility. It is the second launch of that particular model within a year, with construction still in progress on both hulls.With ‘E’ standing for electric the 42-metre E-volution was first presented at the Monaco Yacht Show 2017. The vessel features a hybrid propulsion engine system, combining diesel engine with eco-friendly electric motor and contributing to the yard's course on environmental sustainability. While the yacht’s naval architecture was designed by US-based Reichel-Pugh studio, the head of Perini Navi in-house design department developed the yacht’s exterior styling. The 42-metre comes with aluminium hull and carbon fibre superstructure.Within 275GT interior, the design concept trademarks a foldable transom door, giving staircase access to both sides of a sea-level alcove. A sail drum storage is situated below deck, whilst carbon fibre helm pods lay at the aft.Accommodation on-board will be provided to a total of eight guests across four cabins, while the crew quarters will accommodate seven people.The diesel-electric system will allow silent cruising with a range of 3,200 nautical miles at the speed of 10 knots, given that the yacht's total fuel capacity will make 20,000 litres.The vessel will now be moved to Viareggio for completion. She remains on track for a 2021 delivery. Meanwhile, the builder has recently sold the first unit of the 47-metre sailing yacht of the E-volution range.
December 6, 2019
Financial news source Milano Finanza has reported that Italian yard Sanlorenzo has been on track for its trading debut on Italian Stock Exchange on December 10.Sanlorenzo CEO Massimo PerottiDuring the Cannes Yachting Festival 2019, CEO and majority shareholder of Sanlorenzo, Massimo Perotti, made an official announcement about the company’s IPO plans by the end of the year. Now, the release date for the Milan Stock Exchange has been announced. Meanwhile, Perotti has been recently named the Entrepreneur of the Year in Italy.According to Milano Finanza, Massimo Perotti has completed the company’s international roadshow with the share offering covered by several Italian and international investors. Among institutional investors are Kairos, Mediolanum, Fideuram and Azimut, along with JP Morgan, Amundi and Norges placing ‘heavy-hitting’ bets on Sanlorenzo.The final share price has not been revealed so far. Sanlorenzo will have 31.9% of its share capital on offer, with an indicative price of €16 to €19 per share, to a targeted valuation of €480 to €570 million.Noteworthy, Ferretti Group, one of the main competitors of Sanlorenzo, abandoned the idea of trading on the stock exchange due to unsatisfactory results of the public offering period earlier this year.
December 6, 2019
By November 2020, new superyacht marina should be completed and open for yachts on Navi Island (Fiji). Located in a 10-minute drive from Savusavu Airport, it is set to become one of the region’s first green facilities.The 150-berth Marina is conceived as one of the first eco-friendly yacht harbours in the world, by forbidding the use of disposable plastic bags on its territory. What is more, the marina and associated resort will be powered by renewable solar energy.Nawi Island Ltd’s Managing Director Mike Gann commented: We intend to be one of the first green marinas in the world. In doing so, the development on the island will be powered by renewable energy, namely solar. We are also putting in place an organic wastewater treatment system for the whole island and in addition, the company is using sustainable and organic building materials on the island.The marina’s berths will be able to welcome boats from 10 to 60 meters in length. In addition, fuel and power connections along with fire service pedestals, wastewater pump-out, ferry and taxi pontoon and a 75-tonne travel lift will be provided.The yard will offer repair and maintenance services, a hard stand, pull-up fuel and wastewater pump-out, and long-term dry storage. The marina will also comprise a hotel with a spa and sports facilities, 38 private villas and a yacht club.The works should be completed by early 2020. The official opening should take place ahead of the 2021 America's Cup yacht race held in New Zealand.
December 5, 2019
The 78-metre Full Custom superyacht project by Dutch builder Amels has touched water for the first time. The vessel is the builder’s largest superyacht in terms of interior volume. Earlier launched at Damen hull-building facility on the Danube, the 2,850 GT yacht features Espen Øino design and naval architecture and interiors by Zuretti Interior Designers. She is scheduled for completion in 2021, following transport to the AMELS outfitting yard in the Netherlands.Although several Amels superyachts including the 83-metre Here Comes The Sun and the 82-metre Ilona outdo the new-build in terms of LOA, the new Full Custom project features larger Gross Tonnage to make her the largest Amels superyacht once delivered.Espen Øino comments on the project’s details:The layout with the big pool on the upper deck with the boats below either side, but they are all hidden so you don’t see it. And of course the balconies with the direct access from the cabins out which you can spot very easily and it’s actually looking pretty amazing. The contract for construction of the vessel was signed in 2017, during the Monaco Yacht Show. Representing the owner, Andrew Tree of Superyacht Technical Services commented:This truly custom yacht, with stunning design both inside and out, could only be achieved with the greatest collaboration, having the very best of European design and the highest quality of construction and management.
December 4, 2019
The largest private sailing ketch in the world, the 86-metre superyacht Aquijo has been seen arriving in Antigua to take part in Antigua Charter Yacht Show taking place December 4-9.Video: Dutch YachtingThe 6th largest sailing superyacht in the world, Aquijo was built in 2016 out of collaboration between two Dutch shipyards, Oceanco and Vitters. Vitters developed a custom steering system specially for Aquijo. It transmits the hydrodynamic forces on the rudder blades directly to the steering wheels on the flybridge, thus providing the helmsman with immediate feedback and a feeling for how the yacht is moving through the water. German studio Dölker + Voges was responsible for her interior design, whilst Tripp Design Naval Architecture styled her exterior. The yacht comprises 4 decks and accommodates up to 12 guests across 17 cabins. On-board, Aquijo offers space and amenities normally seen on motor yachts, comprising guest elevator, interior and exterior dining for up to 24 people, 3 outdoor bars and a beach club with steam room, sauna and ocean view Jacuzzi. craftsmanship.The package of Aquijo’s toys and tenders includes and does not confine to 3 tender boats, 1 jet ski, 4 kayaks, 2 wakeboard, 3 water skis, 3 stand up paddle boards, 8 diving packs etc.Featuring a mast of of 90 metres, Aquijo boasts a maximum speed of 17.5 knots.The vessel is available for charter from EUR 450,000 per week in winter season.Photos via Y.CO.
December 4, 2019