September 11 2018
FERRETTI GROUP LIGHTS UP THE CANNES YACHTING FESTIVAL WITH 5 NEW STARS
The Group arrives in the Côte d'Azur with a fleet of 25 yachts and 5 world premières. The brilliant economic and financial results confirm the growth trend, with revenues of 420 M€ in the first 8 months of 2018 (+ 22%). Investments in product development and industrial capacity over the past three years amount to 133 M€.
Ferretti Group wins the stage of the 41st edition of the Cannes Yachting Festival, scheduled from September 11th to 16th, with 5 absolute novelties for the Ferretti Yachts, Custom Line and Riva brands.
The 5 world premières, welcomed successfully by public and professionals, inaugurate the new nautical season of the Group in great style.
Together with a majestic fleet of 25 yachts between 8 and 42 meters, the debut was made by:
- Ferretti Yachts 670
- Custom Line 120’
- Custom Line Navetta 42
- Riva 110’ Dolcevita
- Riva 66’ Ribelle
The Cannes Yachting Festival, the largest international event in the sector, opened as usual with the Group's annual press conference. Mr Alberto Galassi, CEO of Ferretti Group, together with the Chief Commercial Officer, Stefano de Vivo, presented the main financial results achieved during the first 8 months of 2018, confirming the positive trend that strengthens the Group’s international leadership.
As at August 31st, 2018, Ferretti Group recorded a consolidated order book for serial brands equal to 218 million Euros, in line with the budget estimates for the current financial year.
The Group expects to close the year with a total purchase order for serial brands of 450 million Euros, confirming and consolidating the extraordinary result already achieved in 2017.
The Group continued its strong commercial penetration on a global scale. From a geographic point of view, in percentage terms on consolidated order book, as at August 31st, 2018, Europe - Middle East - Africa contributed for 49% of new orders, Americas for 36% and Asia Pacific for 15%.
After the first 8 months of 2018, the Group achieved consolidated revenues of 420 million Euros, +22% compared to the same period of 2017 (344 M€). The estimates for 2018 are confirmed, which foresee a production value of 704 million euros.
The Group continues the investment plan as the core asset of its strategic line. In the 2016-2018 three-year period, around 133,5 million euros were invested in product development and industrial capacity, which allowed a rapid pace in the renewal of the range. From 2015 to 2018, 30 new models were produced, including the magnificent Cannes world premières, ready to sail the waters of the world during the next 2018/19 nautical season: Riva 110' Dolcevita, Riva 66' Ribelle, Ferretti Yachts 670, Custom Line Navetta 42 and Custom Line120'.
“Cannes is like a grand gala, one comes to shine and leave a mark. This year we participate with the fleet of wonders: 25 magnificent yachts, with 5 world premières representing 3 of our brands" - said Alberto Galassi. “As always, the show is also an opportunity to make an initial assessment of the brilliant results achieved this year. The figures for the first eight months of 2018, characterized in particular by a production value higher than last year of 22%, confirm that we are on the right course. No miracle, everyone has been working hard, and the awareness of our strength, keeping year after year the commitment to invest in product development, production capacity and technological innovation. As evidence of the effectiveness of a growth strategy based on the constant renewal of our product range, almost 70% of revenues is the result of the success of the serial models presented in the last four years. We continue to believe in beauty, improvement of performance and attention to detail, because this is what our customers appreciate: an inimitable mix of Made in Italy quality and elegance that places us at the top of the nautical scene”.
The Ferretti Group stand is set up in the Espace Riviera, #PALAIS102 JETEE 012 exhibition area, while Custom Line yachts are moored at the Super Yacht Extension, in front of the SYE193 lounge. At JETEE 008 pier visitors can admire Pershing, Itama, Ferretti Yachts and Riva fleets, moored in front of their respective lounges.
Moreover, an iconic Rivamare will be displayed at the entrance of the exhibition for the whole duration of the show.
With the 5 world premières, Ferretti Group’s fleet in Cannes is composed of:
- Ferretti Yachts 450, Ferretti Yachts 550, Ferretti Yachts 670, Ferretti Yachts 780, Ferretti Yachts 850 and Ferretti Yachts 920;
- Custom Line Navetta 42 and 120’ for the Custom Line brand;
- Itama 62;
- 27’ Iseo, Rivamare, 56’ Rivale, 66’ Ribelle, 76’ Bahamas, 76’ Perseo, 88’ Domino Super, 100’ Corsaro and 110’ Dolcevita for Riva brand;
- Pershing 5X, Pershing 62, Pershing 70, Pershing 82 and Pershing 9X.
During the Festival, Ferretti Group will always be flanked by prestigious luxury partners, protagonists of various entertainment initiatives during the days of the fair.
7 Pines, the luxury resort in Ibiza hosting the first Pershing Terrace, is the Group's main sponsor for Soirée Nautique - the late opening night of the show scheduled for Friday, September 14th, during which Red Oyster will offer a tasting of its precious oysters - together to Seabob, which exhibits its magnificent limited edition products with custom livery, created ad hoc for the Group's brands.
The partnership with Dolce & Gabbana, which signs the Ferretti Group uniforms, and with Samsonite, which provides business luggage, has been renewed. La Scolca delights visitors with an exclusive tasting of its fine wines.
Culti Milano proposes the olfactory essences that will make visitors dream on board of the yachts and in the lounges, while the suggestive Arquati pergolas will protect guests from the sun, refreshing them pleasantly, while visiting the stand. The partnership with Sabrina Montecarlo continues, which has embellished the Group's yachts with its luxurious furnishing accessories.
Taurus exhibits the models 'Taurus for Ferretti Yachts 50th anniversary', the bicycles made in limited edition (in the three versions man, woman and pedal assisted) on the occasion of the celebrations of the fiftieth anniversary of the brand. Finally, Emirates Airlines, which has reserved special treatments on flights to Ferretti Group guests.
LE WORLD PREMIÈRE DI FERRETTI GROUP AL CANNES YACHTING FESTIVAL 2018:
FERRETTI YACHTS 670
Symbol of an evolution of the brand in the sign of tradition, Ferretti Yachts 670 maintains the sleek lines and the clean forms of the latest models, with an excellent updated design of the spaces, for a perfect mix of socialisation and independence. A product of the collaboration between the Group’s Product Strategy Committee and Engineering Department, it is the first Ferretti Yachts vessel with exterior design created in partnership with architect Filippo Salvetti, while the interiors are exclusively the work of the Group’s in-house architects and designers. Characterised by excellent optimisation of the space, both interior and exterior, in its 67 feet (20.24 metres) the 670 features solutions typical of much larger vessels. These include the large flybridge with its area of 25 square metres that makes it one of the most competitive yachts in its category, and the bow that features a living space that can be converted into a spacious relaxation area, a true innovation in terms of liveability and comfort.
CUSTOM LINE 120’
Custom Line 120’ is the first Custom Line to bear the signature of Francesco Paszkowski Design, the design studio that partnered with Ferretti Group’s Product Strategy Committee and Engineering Department. This unique yacht reimagines and combines stylistic features and elements of automotive design and residential architecture, adding in-depth research which enhances forms and volumes through furnishing choices in line with the very latest trends of contemporary living. Of note is the innovative glass door that gives access to the lounge; in addition to the usual slide opening of the two glass panels, it also has a tilting mechanism providing a 45° inclination. In addition, Custom Line 120’ is the first yacht that makes it possible to directly connect the flybridge to the forward zone by means of the side passageways with access from the monkey bridge as well, creating a single large deck of 100 square metres.
CUSTOM LINE NAVETTA 42
Navetta 42 is the first vessel in the history of the brand to exceed 300 GT. The superyacht proposes a layout of the completely customisable interior spaces that best showcases the ship’s generous volumes. The result is better organisation of on-board flows, total privacy for the owner and his guests, and great freedom of movement for the captain and crew. A vast suite on the main deck is available to the owner, while the layout of the lower deck provides 4 VIP cabins for guests. The stern area is entirely dedicated to leisure, conceived as a large beach club at sea level, and its entertainment function is enhanced by the new launching and retrieval system for tenders and water toys from the garage that opens from the side into the sea. The new flagship of the fleet is the result of the collaboration between Studio Zuccon International Project and the Ferretti Group Product Strategy Committee and Engineering Department.
RIVA 110’ DOLCEVITA
It’s the new fiberglass flagship of the fleet and the second-born, following Riva 100’ Corsaro, of the brand’s updated flybridge range. Characterised by a super-sporty profile and a design enhanced by shaped glass windows and chrome-plated inserts, Riva 110’ Dolcevita is the result of the collaboration between Officina Italiana Design, the studio founded by Mauro Micheli along with Sergio Beretta, and Ferretti Group’s Product Strategy Committee and Engineering Department. Like a luxurious loft, open to the sea on every side, Riva 110’ Dolcevita offers 270° of absolute visibility and enables the lounge to reach a height of 2.30 metres, thanks to a large stainless steel frame that supports the superstructure, acting as a frame for the floor-to-ceiling windows. In addition to the innovative “spider frame” structure, one of the particular features of this model is the total liveability of the spaces. The exterior areas of the flybridge and bow are interconnected, thus creating an “infinity deck” of approximately 34 m2 of social areas from extreme stern to extreme bow, in a single solution of continuity.
RIVA 66’ RIBELLE
Brand new elements go alongside the distinctive traits of the brand in the new Riva 66’ Ribelle, the latest Riva masterpiece distinguished by the stated desire to break the mould. Built at the historic Sarnico shipyard, it is the product of the collaboration between Officina Italiana Design and Ferretti Group’s Product Strategy Committee and Engineering Department.
The exterior lines repeat and evolve from those of the latest models of the Riva range through the introduction of new aesthetic and functional elements and the use of the high-quality materials typical of the shipyard’s tradition, such as mahogany and stainless steel.