- Seven magnificent boats on show: Riva 130’ Bellissima, Custom Line Navetta 42 and Custom Line 140’, Pershing GTX116, Pershing 140, wallywhy200 and wallypower58.
- The Group celebrates 60 years of CRN, the bespoke brand with an incomparable history of excellence, craftsmanship and Italian-made innovation
- To mark this splendid anniversary, CRN obtains Sustainable Powered Yacht (SuP-Y) certification thanks to a sustainable technology that entails the installation of modern fuel cells on board a superyacht
Forlì, September 27, 2023 – Investments, sustainability and outstanding performance: Ferretti Group brings new products, projects and beautiful boats to the Monaco Yacht Show running from today until September 30. The fleet brought to the show is made up of seven models: Riva 130’ Bellissima, Custom Line Navetta 42 and Custom Line 140’, wallywhy200, wallypower58, Pershing GTX116 and Pershing 140.
The enchanting setting of the Monaco Yacht Show is also an opportunity to celebrate 60 years since the cre ation of CRN, the Ferretti Group brand that has revolutionised the yachting world with sharp insights and remarkable achievements that have influenced style trends and the global market. CRN celebrates this anniversary by obtaining Sustainable Powered Yacht ( S uP-Y) certification and writing an important chapter in the brand’s history of excellence and innovation. A coordinated effort by Ferretti Group Super Yacht Division, Weichai Power Science & Technology Division and Rina Services Spa has made it possible to develop a sustainable architecture that entails the installation of modern fuel cells on board a CRN superyach t.
This new technology is a milestone in the industry and takes the fir st steps towards the future of yachting, based on an easy- to-manage solution that meets all legal requirements for safe deployment.
“Ferretti Group, and yachting in general, are in a state of grace today that promises a bright future. This positive energy allows and requires us to invest and grow responsibly, focusing on new technologies and sustainable innovations such as those announced in the area of fuel cells,” said Ferretti Group CEO Alberto Galassi. “A good example is set by CRN, our glorious shipyard that celebrates 60 years at the cutting edge with an important certification in the fuel sector. Ferretti Group has the merit and good fortune to have the most iconic brands in the industry, and it is on their solidity and success that we will b uild the yachting of tomorrow.”
At the press conference traditionally held on the opening day of the Show, the management team first outlined the excellent financial performance of the Group, which after ending fiscal 2022 with outstanding results completed the du al listing of its ordinary shares on Euronext Milan, following their debut last year on the Hong Kong stock exchange. As a result, over 50% of the share capital is traded in the market, making Ferretti Group a public company backed by Italian and internati onal investors.
This is unique on the market and has enabled the Group to continue to deliver outstanding performance: in the first half of 202 3 , the comp a n y r e p o r t e d r e v e n u e s o f € 5 8 0 . 8 m i l l i o n ( + 8 . 6 % c o m p a r e d t o t h e f i r s t h a l f o f 2 0 2 2 ) , a m a r g i n o f 1 4 . 7 % ( + 1 . 2 %) , a net financial position equivalent to €320 million in cash, and order intake of €573 million in the six-month period. As a result, theorderbacklog atJune30increasedto€1.410billion,ariseofabout15.8%onJune30,2022 (when itstoodat €1.2billion).
The Group isn’t only in excellent financial shape in 2023, because this is also a year of major new developments in terms of products and production capacity, with a 20% increase in global production surface area as a result of recent upgrades and acquisitions (355.4 thousand square metres at the end of 2022 vs 425.4 thousand in the first half of 2023). These investments have made it possible to expand several production sites, not least the Super Yacht Yards in La Spezia and Ancona.
As usual, the Group is joined at the event by luxury industry partners offering guests and visitors a packed programme of events. Land Rover, confirmed as official automotive partner, and private aviation leader Flexjet, plus Agath, Venini, Culti, PerennialsandEthimoprovidingtheelegantoutdoor furniture.Thenumerous ItalianpartnersincludeDolce&Gabbanafor t h e t a i l o r - m a d e s t a f f u n i f o r m s , F r e t t e , L a v a z z a w i t h t h e b r a n d ’ s l a t e s t s e l e c t i o n o f c o f f e e b l e n d s , a n d L a S c o l c a a nd V e u v e Clicquot offering quality wines and champagnes. The Monaco Yacht Club is also providing invaluable support.
For more information: Ferretti Group Media Center