Ferretti Group Executive Steps Down
September 5, 2024
Stefano de Vivo is leaving his role as chief commercial officer with Ferretti Group and managing director of Wally.
Stefano de Vivo is leaving his role as chief commercial officer with Ferretti Group and managing director of Wally.
The Italian builder reported record margin of 15.2% and net income of $90.2 million, a 38% increase YoY.
The expansion is a “key milestone in consolidating the Ferretti Group Superyacht Yard as a strategic multibrand yacht construction hub.”
Net revenue was $635.51 million, an 8.6% increase over 2022, and the company became the first to be listed on both the Hong Kong Stock Exchange and the Euronext Milan.
Italian builder announced that the IPO resulted in a market capitalization of US$970 million.
The conglomerate saw revenues increase by 40 percent, with a record 56 yachts launched in the first quarter.
Ferretti Group and Sanlorenzo create a new venture to take over the ailing Perini Navi yard.
The company announced a $15 million investment for service center in Fort Lauderdale.
It’s the first Italian yard is the first to reach the milestone.
The company said orders were up 20 percent in 2019 compared to the previous year.
Stefano de Vivo is leaving his role as chief commercial officer with Ferretti Group and managing director of Wally.
The Italian builder reported record margin of 15.2% and net income of $90.2 million, a 38% increase YoY.
The expansion is a “key milestone in consolidating the Ferretti Group Superyacht Yard as a strategic multibrand yacht construction hub.”
Net revenue was $635.51 million, an 8.6% increase over 2022, and the company became the first to be listed on both the Hong Kong Stock Exchange and the Euronext Milan.
Italian builder announced that the IPO resulted in a market capitalization of US$970 million.
The conglomerate saw revenues increase by 40 percent, with a record 56 yachts launched in the first quarter.
Ferretti Group and Sanlorenzo create a new venture to take over the ailing Perini Navi yard.
The company announced a $15 million investment for service center in Fort Lauderdale.
It’s the first Italian yard is the first to reach the milestone.
The company said orders were up 20 percent in 2019 compared to the previous year.
