Ferretti Group kicked off the nautical season at the Cannes Yachting Festival, scheduled from 10 to 15 September, with a fleet of 26 splendid boats including 6 new models for the brands Ferretti Yachts, Riva, Pershing, Custom Line and Wally.

The show saw the world premiere of the highly awaited Ferretti Yachts 720, the 48 Wallytender and the Riva Dolceriva, while the latest Riva 90′ Argo flybridge, the luxury sports yacht Pershing 8X and the Custom Line 106′ will be unveiled for the first time.

At their annual press conference, Alberto Galassi, CEO of Ferretti Group, together with Sales Director Stefano de Vivo, illustrated the main economic results of the group achieved during the first six months of 2019. In the first six months of 2019, production value reached 358 million Euros, up 6.5% on the 336 million Euros recorded in the first six months of 2018; in June 2019, the order backlog reached a value of 653 million Euros, an increase of 19.0% compared with the June 2018 survey.

The press conference was also an opportunity to present the new asset structure of Ferretti S.pA. Their main shareholder, Weichai Group, converted a shareholder loan of approximately 212 million Euros through an equivalent capital increase.