Ferretti New Order Book Touches $510Mln

Maritime Activity Reports, Inc.

October 9, 2019

Pic: Ferretti Group

Pic: Ferretti Group

The Ferretti Group announced that it has gained new orders worth $510.1 million (465 million euros) during the first nine months of the year, up 18 percent compared to the same period in 2018.

The Italian boatbuilder said in a press statement that its Wally brand helped increase its order book. It also signed contracts for 16 coastal patrol boats in its Ferretti Security Division.

"These positive results have benefited from the launch of five new models under our Riva, Pershing, Ferretti Yachts and Custom Line brands, as well as from the relaunch of the Wally brand, which we acquired in April this year. In particular, our first serial model under the Wally brand, the 48 Wallytender, that we launched during the Cannes Yachting Festival in September 2019, has already registered orders for seven units and our Ferretti security Division (FSD) was recently awarded a contract to supply 16 coastal patrol boats to the Arma dei Carabinieri," said the release.

The Group’s Chief Executive Officer, Alberto Galassi, commented on the results as follows: “I am very proud of the results achieved; these numbers seems to confirm our strategy of continuous renewal of our product range, our purchase and development of an exceptional brand such as Wally, and our expansion in the synergistic and a-cyclical FSD business, which is now beginning to see significant results after its start-up phase”.

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