Ferretti Group has announced its financial results for the first half of 2024, showing significant growth across key metrics. The company reported net revenue of €611.0 million from new yacht sales, marking a 7.7% increase compared to the same period in 2023.
The Group’s adjusted EBITDA reached €96.7 million, reflecting a 15.9% increase from the previous year, with a margin of 15.8%, the highest ever recorded by the company. Net profit for the period was €44.0 million, a 7.6% rise over H1 2023.

Order intake during the first half of 2024 was €514.4 million, supported by a resurgence in demand, particularly from the North American market, which saw a growth of over 28%. The company’s order backlog as of June 30, 2024, stood at €1.5 billion, up 6.0% compared to the same date last year.
Ferretti Group’s net financial position improved to €237.0 million in net cash, an increase of approximately €31 million, despite a dividend payment of around €33 million.
In addition to financial results, the Board of Directors of Ferretti S.p.A. approved the co-option of Director Mr. Jiang Kui. Also, the Board of Directors has appointed the new Chairman of the Board of Directors in the person of Mr. Jiang Kui.
The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.
Credit by Ferretti Yachts