Ferretti, 2022 revenues exceed 1 billion euros. Improve margins

Ferretti 2022 revenues exceed 1 billion euros Improve margins

(Tiper Stock Exchange) – Ferretti Groupan Italian multinational listed in Hong Kong and active in the shipbuilding sector, closed the 2022 with revenues equal to 1,030.1 million euros, up by 14.6% compared to 2021 (898.4 million euros), thanks to the substantial order backlog accumulated in 2022. The order book amounted to 1,296 million euros as at 31 December 2022, with an increase of 27.6% compared to 31 December 2021, thanks to the 1,162 million euros raised in 2022 (+19.6%).

L’Adjusted EBITDA is equal to 140 million euros in 2022, up by 36.5% compared to 2021 (102.6 million euros) and with a margin equal to 14.1% in 2022, up by about 200 basis points compared to 2021 (12.0%). L’Net income it is equal to 60.5 million euros in 2022, an increase compared to 2021 (37.4 million euros).

“These exciting numbers describe the splendid present of the Ferretti Group, and tell of its future – commented the CEO Alberto Galassi – The luxury boating market is constantly expanding and we have excellent reasons to believe that the results over the next few years will be increasingly positive. Ferretti Group boasts a portfolio of brands that are unique in the world, in terms of breadth, prestige and beauty, and an industrial vision focused on investments in innovation and sustainability: factors that are closely linked to each other and which will increasingly make the difference”.

L net financial position is strongly improving and went from €93 million in cash as at 31 December 2021 to €365 million in cash in 2022, including approximately €233 million in proceeds from the listing (on the Hong Kong Stock Exchange) which took place in March 2022.

The board of directors proposed a dividend of 19,903 thousand euro (equal to 5.88 euro cents per share), subject to the approval of the shareholders at the next meeting.

tlb-finance