Ferretti Group in preliminary financial disclosures reported 2023 net revenues of $1.19 billion from new yachts, an increase of 11.5% compared with 2022. The order backlog is valued at $1.62 billion, up $15.1% year-over-year.
Adjusted EBITDA margin was a record 15.2%, and net income was $90.2 million, a 38% increase year-over-year. An order intake of $1.21 billion was in line with 2022.
“2023 was an extraordinary year for Ferretti Group in terms of both the results and goals achieved,” CEO Alberto Galassi said in a statement. “I would like to emphasize the great importance of the listing on Euronext Milan in June and its very positive reception from the financial community.”
Galassi added that the group’s first fully electric boat, the Riva El-Iseo, was introduced at the Düsseldorf show in January.
The company said the financial data had yet to be reviewed by independent auditors.
