Ferretti S.p.A. approves the consolidated financial results as of 30 September 2026.
2026年10月27日
Ferretti Group returns to growth in Q3: order intake up 6.6% and revenue up 13.6%, driven by strong European boat show momentum.
- Order Intake. Thanks to an increase of 6.6% in Q3’26, Order Intake of 9M’26 was down 13.8% to €664.9 million, showing an improving trend compared to the -26.9% recorded in H1’26.
- Net Revenue. The increase of 13.6% in the 3Q’26 allowed a recovery compared to H1’26: Net Revenue of 9M’26 amounted to €888.6 million, up 0.2% compared to the same period of the previous year.
- Net Backlog. Supported by the progressive improvement in Order Intake, Net Backlog stood at €571.4 million, showing a +1.2% increase compared to H1’26.
- Adjusted EBITDA: Adj. EBITDA amounted to €130.6 million in 9M’26, compared to €141.7 million in 9M’25, with an Adj. EBITDA margin of 14.7%, compared to 16.0% mainly reflecting the evolution of the sales mix and some operational inefficiencies that emerged during the third quarter.
- Net Profit. For 9M’26, Net Profit amounted to €49.9 million compared with €61.0 million in 9M’25.
- Net Financial Position (net cash). Consistently with usual business seasonality, NFP stood at €42.3 million as of 9M’26, compared with €95.0 million as of H1’26.
- 2026 Guidance. The Group confirms its Net Revenue guidance (range: €1,200–1,240 million) and Capex (range: €60.0–65.0 million). Profitability expectations have been revised (new Adjusted EBITDA range: €174–185 million; Adjusted EBITDA margin range: 14.5%–14.9%) to reflect the most recent trend.
Forlì, 27 October 2026 – The Board of Directors of Ferretti S.p.A. reviewed and approved the Consolidated Periodic Financial Information as of 30 September 2026.
Mr. Stassi Anastassov, the Group’s Global Chief Executive Officer, stated: “The third quarter demonstrated the strength of our brands, our products and our people. Following a challenging first half, order intake returned to growth and revenues improved, reinforcing our confidence in our 2026 revenue guidance.
But growth alone is not enough. Our profitability remains below the level Ferretti Group can and should deliver. We are therefore revising our margin guidance and implementing a concrete performance improvement plan focused on strengthening value-based pricing, improving product mix, increasing industrial efficiency and optimising the utilisation of our shipyards.
We are also taking targeted action in three areas where our performance must improve: the Americas, the Middle East and our Super Yacht business. Each has a dedicated program.
Geopolitical uncertainty and longer customer decision-making cycles continue to affect our business. We remain realistic about these challenges, but they will not diminish our ambitions.
Our commitment is to create exceptional yachts that owners are willing to pay a premium for, through superior design, innovation, quality and owner experience. That is how we will strengthen our competitiveness and restore sustainable profitability.
We cannot control geopolitics or market conditions. But we can control our decisions, our ambition and our execution. We will not wait for the world to become more predictable. Our future will be shaped by our own actions.”
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