FERRETTI's new orders for the year 2024 reached 1.1393 billion euros, an increase of approximately 1.7% year-on-year.

FERRETTI (09638) announces the financial performance for the fiscal year ending December 31, 2024. New orders for 2024 amounted to 1.1393 billion euros, an increase of about 1.7% compared to 2023, mainly due to strong performance in core regions (Europe and the Middle East). Cumulative orders reached 1.6639 billion euros as of December 31, 2024, an increase of approximately 25.5% compared to December 31, 2023, mainly due to orders received at the end of the year. Net cumulative orders for 2024 amounted to 900 million euros, an increase of about 4.9% compared to 2023. Net revenue from new yachts for 2024 was 1.1733 billion euros, an increase of about 5.6% compared to 2023, attributed to a large number of new orders in 2023 and 2024. Adjusted EBITDA for 2024 was 190 million euros, an increase of about 12.3% compared to 2023, with a profit margin of 16.2% in 2024, an increase of 100 basis points from 15.2% in 2023. Net profit for 2024 was 88.2 million euros, an increase of about 5.6% compared to 83.5 million euros in 2023. The company's CEO stated, "We are ending 2024 with optimism and satisfaction over achieving remarkable milestones. Our consistent growth year after year has led to unprecedented achievements in both cumulative orders and profit margins, confirming the strength of our strategy and brand in the market. Cumulative orders have reached a record 1.7 billion euros, an increase of 11.6% compared to 2023 and a significant 25.5% increase compared to the first nine months of 2024. This is our best performance to date, not only due to outstanding performance last quarter, but also because of our customers' continued trust in our innovation, quality assurance, and highest reliability. In terms of profitability, we have surpassed our 2024 target with a profit margin of 16.2%, reflecting our operational efficiency and ability to maintain high profit levels. This result demonstrates our ability to create value by maximizing resource efficiency and continuously improving financial management. These achievements strengthen our determination and drive to move forward with greater momentum. Therefore, we will continue to invest in expanding our global business, focusing on technological innovation, and strengthening our product range to further solidify FERRETTI Group's leadership position."