Yacht builder Ferretti expects orders to hit $443 million in 2016 on the back of strong international sales.

As of August 31, 2016, the group said it recorded orders worth €217 million ($244 million) for its brands “in line with the budget forecasts for the current year”. 

The group expects to close 2016 with a total order intake of €394 million ($443 million), an increase of 6.2 per cent compared to 2015.

In the first eight months of the year group continued its further market penetration internationally with Europe, the Middle East and Africa accounting for 48 per cent of new orders, the Americas for 34 per cent and the Asia Pacific market for 18 per cent.

Consolidated revenues for the first eight months were €314 million ($353 million) compared to €250 million ($281 million) over the same period last year.

The Italian group revealed the news on the sidelines of the Cannes Yachting Festival, where it is displaying 22 yachts. Six of these are making their world debuts: the Ferretti 450 and Ferretti 850; the Pershing 5X; the Rivamare and the convertible 76’ Bahamas for the brand Riva; and the Navetta 37, the group’s flagship and the largest semi-displacement boat ever built by Custom Line. 

"This year our group is a key player at the yachting show in France with six world premieres among open, coupe, flybridge and maxi yachts, confirming that our three-year plan for development and the launch of new products is continuing as planned,” said CEO Alberto Galassi. "These new models, along with all the other ones on display, form an unrivalled fleet of 22 yachts between 8 and 37 m. Moreover, we can announce a brilliant economic performance that in many ways exceeded expectation. These achievements make us very pleased with all the work that has been done. In particular, the first eight months of 2016 are characterized by an order intake in line with our objectives and stable positive economic results." 


FERRETTI YACHTS 850

A luxurious flybridge that offers the experience of living in a loft surrounded by the sea, is the latest masterpiece in the nearly fifty-year history of a brand that has conquered all major international markets. With four units sold, the new yacht is already an extraordinary international success.


FERRETTI YACHTS 450

It is the model with which the brand returns to dominate the yachts of strategic importance with size between 40 and 50 feet. This flybridge is distinguished by the hull geometry, the amplitude of the volumes, elegance and functionality in setting the interior by enhancing a family feeling with the "big brother" Ferretti Yachts 550, one of the biggest recent successes of the brand.


RIVAMARE

New icon of style and design that once again redefines the rules of timeless elegance and writes a new page in the more than 170 years of Riva history. The new open model from Sarnico, with already 8 units sold in less than three months, is a gem with sinuous lines, precious materials and unique details, a worthy heir of masterpieces like Aquariva Super and, before that, Aquarama. A contemporary masterpiece.


76’ BAHAMAS

The new "convertible" Riva yacht inspires from the coupe platform of 76 'Perseus "Convertible Top" technology, Ferretti Group exclusive patent presented for the first time on 88' Florida. 76 'Bahamas has the DNA of a modern Riva: a synthesis of tradition and innovation, elegance and performance. The Mediterranean style of the interior offers also an unforgettable yachting experience.


PERSHING 5X

The first model of the "Generation X" Pershing is the new coupe of the fleet: more and more advanced, more and more surprising. The letter X – an aeronautical code referring to extreme performance and technological evolution - evokes that inexhaustible urge to discover new horizons at great speed. The lines, propulsion, performance and style of Pershing 5X have captivated audiences in no time, with six units already sold.


NAVETTA 37

The new flagship of the semi-displacement series is the largest ever built model by Custom Line and is among the largest vessels on show in Cannes. The values of manoeuvrability, comfort, security and personalization - always in the DNA of Custom Line - are revealed in a revolutionary product of style, design and volumes, offering a top of the class model, with four units already sold.

Ferretti Group is a world leader in the design, construction and sale of motor yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN and Custom Line.