The Ferretti Group board of directors have approved the company's consolidated financial results as of 31 March 2025, having reached a record-high order backlog of €1.77 billion. This marks a 7.6 per cent increase compared to the same quarter last year, and a 6.3 per cent increase compared to 31 December 2024.
During this period, the Group drew in new orders valued at €328.5 million, with a projected net revenue of €1.2 to €1.3 billion in new yachts for the remainder of 2025.
In terms of profit, the yard generated a total of €23.9 million for the period, up 7.7 per cent when compared to Q1 of 2024. The Group's adjusted EBITDA came to €52.5 million, with an accompanying margin of 16 per cent.
CEO Alberto Galassi attributed part of this success to the Group's participation in Q1's major international events, including boot Düsseldorf, the Dubai International Boat Show and the Palm Beach International Boat Show, which "strengthened [its] presence in strategic markets".
The Group also noted the "strong increase" in demand for its semi-custom superyacht models, which account for approximately 73 per cent of its record-breaking order book. These "made-to-measure" offerings are provided across six of the Group's seven brands: Custom Line, Ferretti Yachts, Wally Yachts, Pershing Yachts, Itama and Riva.
"We close the first quarter of 2025 with solid and consistently growing financial results," said Galassi. "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."
He added: "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."
On the production side, BOATPro reports a total of 61 superyacht projects in development across Ferretti Group's portfolio of brands. This includes a custom 85-metre build from CRN, the second unit in Custom Line's 49.9-metre flagship series (the first being Asante) and a 70-metre Riva flagship.
The Group's latest financial disclosure follows rumours that Galassi is looking to expand the business in 2025, calling it "the year of growth through acquisitions" during a press conference in Milan.
Read More/Ferretti Group eyes new acquisitions and buyback of shares in 2025