Ferretti reports increase in revenue and profit for Q1 2025
Ferretti Group has approved its unaudited consolidated financial information for the quarter ending 31 March 2025. Ferretti Q1 2025 results show a record-high order backlog of €1.77bn, representing a 7.6 per cent increase compared to 31 March 2024 and a 6.3 per cent rise from 31 December 2024.
Net revenue from new yachts reached €328.5m for the quarter, a 5 per cent increase on Q1 2024. Adjusted EBITDA amounted to €52.5m, up 8.9 per cent year-on-year, with the margin rising to 16 per cent from 15.4 per cent in the same quarter the previous year. Net profit was €23.9m, showing an increase of 7.7 per cent on Q1 2024.
The Ferretti Q1 2025 results show order intake for the quarter was €270.6m, 1.5 per cent higher than Q1 2024. The net backlog stood at €839.6m as of the end of March 2025. The company reports a net financial position of €54.6m.
For the full year 2025, Ferretti forecasts net revenue from new yachts in the range of €1.22bn–€1.24bn. It also expects an adjusted EBITDA margin expansion of between 30 and 50 basis points. Mid-term guidance remains unchanged.
Alberto Galassi, the group’s chief executive officer, states: “We close the first quarter of 2025 with solid and consistently growing financial results. The order book reached a new all-time high of €1.77bn, reflecting an increase of 7.6 per cent compared to 31 March 2024 and 6.3 per cent compared to 31 December 2024. This performance was mainly driven by the strong increase in the demand for made-to-measure and superyachts in the last few months, which now account for approximately 73 per cent of the total order book.
“During the first three months of the year, our participation in the major international boat shows in Düsseldorf, Miami, Dubai, and Palm Beach further strengthened our presence in strategic markets, generating growing interest from yacht owners — evidence of the group’s ability to operate successfully in an evolving landscape.”
Galassi adds: “These results confirm the effectiveness of a clear and focused industrial and commercial strategy, aimed at consolidating traditional markets while expanding into higher marginality segments. We continue with determination on our growth path, investing in innovation and quality, ready to seize market opportunities and further strengthen our leadership in the luxury yachting sector.”
Ferretti Group designs, builds and sells luxury yachts and pleasure vessels under several brand names including Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally. The group owns and operates seven shipyards in Italy..
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