Ferretti: revenue remains stable but profits fall by 18 per cent
Profitability forecasts revised: adjusted EBITDA between 174 and 185 million, and an EBITDA margin between 14.5 per cent and 14.9 per cent. Orders rise in the third quarter
Revenues remain stable for the Ferretti Group, but profits are down. The Italian luxury yachting group, controlled by the Chinese giant Weichai, closed the first nine months of the year with net revenue of €888.6 million, up 0.2 per cent compared with the same period last year (thanks to a 13.6 per cent increase in the third quarter), adjusted EBITDA of €130.6 million (-7.8 per cent) and net profit down 18.2 per cent to €49.9 million. Order intake for the nine-month period fell by 13.8 per cent to 664.9 million, but the third quarter saw an increase of 6.6 per cent.
As a result of this steady improvement in order intake, explains a company statement, “the net order book stood at 571.4 million (+1.2 per cent compared with the first half of 2026). The net financial position stood at 42.3 million, compared with 95 million in the first six months’. The group also confirms its guidance on net revenue (range: 1,200–1,24 billion) and capital expenditure (range: 60–65 million). Profitability forecasts, however, have been revised downwards (new range for adjusted EBITDA: between 174 and 185 million, compared with the previous 186–197; new range for the adjusted EBITDA margin: between 14.5 per cent and 14.9 per cent, compared with the previous 15.5 per cent–15.9 per cent), to reflect the most recent performance.
“The third quarter,” says the CEO, Stassi Anastassov, “has demonstrated the strength of our brands, our products and our people. “Following a challenging first half of the year, order intake has returned to growth and revenue has improved, strengthening our confidence in our 2026 revenue guidance. But growth, on its own, is not enough.”
The group’s profitability, he added, “remains below the levels that Ferretti is capable of and must achieve. We are therefore revising our guidance on margins and implementing a concrete plan to improve performance, focused on strengthening a value-based pricing policy, improving the product mix, increasing industrial efficiency and optimising the utilisation of our shipyards”.
