Collection Pan Arab Luxury Magazine
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The Ferretti Group has kicked off the 2024 yachting season in style at the Cannes Yachting Festival, unveiling six new luxury yachts. The festival, running from 10 to 15 September, showcases 21 magnificent vessels from the Group’s prestigious brands, including Riva, Pershing, Wally, and Custom Line.
The impressive financial performance of Ferretti Group in the first half of 2024 sets a strong foundation for future growth. The company reported net revenues of €611 million, up 7.7% from the previous year, with adjusted EBITDA growing by 15.9% to €96.7 million. Net profit also rose by 7.6%, reaching €44 million. These outstanding figures reflect the strategic focus on expanding the made-to-measure offerings of the Group, particularly in larger models that cater to the evolving demands of the luxury yachting market.
Among the highlights at the Cannes Yachting Festival is the Custom Line Navetta 38, a made-to-measure yacht designed to offer seamless transitions between interior and exterior spaces. The Pershing GTX80 is another standout, combining comfort with speed, featuring a 23-square-meter sundeck and the SeaScape experience. Ferretti Yachts introduces its INFYNITO 80, a model focused on sustainability with the innovative F.S.E.A. technology, and the revamped Ferretti Yachts 670, designed for optimal cruising comfort.
Riva made waves with its first fully electric powerboat, Riva El Iseo, a stunning fusion of heritage and modern innovation. Wally, known for its cutting-edge designs, debuted the wallywhy100, offering unparalleled luxury with a single-level configuration and expansive windows, and the wallypower50, a versatile vessel designed for both speed and practicality.
Ferretti Group CEO Alberto Galassi expressed his excitement about the future of the Group, stating, “With six premieres and record-breaking results, we continue to set new standards in the industry, offering tailor-made yachts that fulfill every dream”.
In addition to showcasing its innovative fleet, Ferretti Group highlighted its ongoing partnerships with renowned luxury brands such as Range Rover, Dolce & Gabbana, and Lavazza. These collaborations further elevate the yachting experience, ensuring that Ferretti Group remains at the forefront of luxury lifestyle and design.
As the yachting industry continues to evolve, the commitment to innovation, sustainability, and excellence ensures Ferretti Group as a global leader, with over 25 new launches planned between 2024 and 2026.
