Mega Yachts For Sale Travel

Mega Yachts For Sale Travel

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According to Business Week Ferretti Group is the top Italian company and twenty-eighth of the 500 Hot Growth Companies in Europe. The research ranked companies based on their turnover growth compared with the sales volumes and number of employees and included top European companies from different sectors. The group is the only company in the nautical world on the list.

The group consists of the following design and production companies:

The Group has also a marketing subsidiary for the US and Canada (Ferretti Group USA, Inc.), a company specialized in the production of fiberglass products (Resin Sistem S.r.l.), a company specialized in the production of boat interiors (Diesse Arredamenti), a distributor of diesel marine engines, marine propulsion and control systems, reversers, reducers and generators (Diesel Center), a company specialized in yacht painting and refitting (Pinmar S.L.), a company specialized in the production of wooden fixtures and furnishing for megayachts over 100 feet (Zago S.p.A.), and lastly Slys (La Spezia Luxury Yacht Service), CRN Ferretti Group Monaco S.A.M. of Montecarlo and Cantiere Navale M.Morini of Ancona.

Ferretti Group has a 90.7% three-year expansion rate and a Production Value of 770.4 million Euros as of 31 August 2006 (an 18% increase compared with previous year's 652.9 million Euros). The group's EBITDA rose by +37.7% to 118.4 million euros (85.9million euros in 2005), and net profits rose by +118.8% to 26 million euros (11.22 million euros at August 31, 2005), while the net borrowings decreased by 90 million euros to 407 million euros (497 million euros in 2005). The number of boats delivered was 461 in 2006 from 419 in 2005 and the order backlog was at an all-time high of more than 635 million euros, up about 62.4%.

The increase in financial data is attributed to the growing demand in both Group’s traditional brands (Ferretti Yacht, Riva and Pershing) and newly introduced product lines (Mochi Craft and Maestro of Apreamare), as well as in the relaunching of the Itama brand and the positive performance of CRN in the steel megayacht segment. Other factors were further growth in the established Italian and European markets, as well as strong sales in the emerging markets of the Far East, and more assertive marketing strategies in such new markets as Russia, Brazil and South America in general. The increase in profits is attributed to the contribution of new production facilities, to the launch of increasingly large new models and to a steady effort to maximize intra-Group synergies.

The contribution of foreign business accounts for 78% of the Group’s production value, about half of which is directed to EU countries.

The company was founded in 1968 by Alessandro and Norberto Ferretti and produced its first motor sailer in 1971. During the 1980s, the two brothers decided to specialize in the production of luxury motoryachts. They established a new unit in Forlì, which today houses the company headquarters. In 1998 the group acquired the already affiliated company Custom line and the controlling interest of Pershing and Bertram. The acquisitions continued in 1999 and 2000, when the company purchased the CRN (Ancona) and Riva (Sarnico) shipyards.

In 2001, the group proceeded in two more acquisitions: Apreamare S.p.A boatyards (Sorrento, Naples) and Mochi Craft boatyards (Pesaro).

In 2003, the group proceeded further in acquiring Cantiere Nacale M. Morini S.p.A (Ancona) and several companies with activity in compementary sectors, such as the Spanish Pinmar S.L. (yacht painting and refitting), and Zago S.p.A. (wooden fixtures and furnishing). Finally, in 2004, the group's subsidiary Pershing, purchased Cantieri Navali S.p.A. (Rome).

An exclusive distribution network of over 75 selected dealers undertakes the group's products marketing and after sales service in 96 countries.


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