FERRETTI S.P.A. With a margin of 14.7% and an Adjusted EBITDA of €83.4 million Ferretti Group presents very strong performance in H1 2023.
The order backlog was at €1.4 billion, an increase of 15.8% when compared to H1 2022.
Forlì, August 2, 2023 - The Board of Directors (the "Board") of Ferretti SpA today reviewed and approved the Group's H1 2023 consolidated financial results.
Mr. Alberto Galassi, the Group's Chief Executive Officer, stated: "We continue to grow year on year and semester on semester, on the strength of a steadily increasing order book, indicative of a commercial success that never ceases to reward us. We are demonstrating great efficiency by continuing to improve our margins, while proceeding swiftly in the development of new models and new projects. During the season of the major Mediterranean boat shows, which is now just around the corner, we will present our new models, which further extend the product range, the driver of our growth strategy aimed at the ever-increasing satisfaction of our owners and shareholders".
For more info: http://bitly.ws/PTP3
The order backlog was at €1.4 billion, an increase of 15.8% when compared to H1 2022.
- Revenue of €580.8 million, an increase of 8.6% when compared to H1 2022.
- Adjusted EBITDA of €83.4 million, representing an increase of 20.9% when compared to H1 2022 and with a margin of 14.7%, representing an increase of 120 basis points when compared to H1 2022.
- Net Profit of €40.9 million, an increase of 36.8% when compared to H1 2022.
- Order intake reached €573.8 million in H1 2023.
- Net financial position of €320 million of net cash in H1 2023.
- The Group confirms its mid term guidance
Forlì, August 2, 2023 - The Board of Directors (the "Board") of Ferretti SpA today reviewed and approved the Group's H1 2023 consolidated financial results.
Mr. Alberto Galassi, the Group's Chief Executive Officer, stated: "We continue to grow year on year and semester on semester, on the strength of a steadily increasing order book, indicative of a commercial success that never ceases to reward us. We are demonstrating great efficiency by continuing to improve our margins, while proceeding swiftly in the development of new models and new projects. During the season of the major Mediterranean boat shows, which is now just around the corner, we will present our new models, which further extend the product range, the driver of our growth strategy aimed at the ever-increasing satisfaction of our owners and shareholders".
For more info: http://bitly.ws/PTP3
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Ferretti S.p.A. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 12:18:05 UTC.
