Tag: Ferretti Group
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Ferretti Group reports slowdown in order intake as half-year earnings reflect impact of Middle East tensions
In Ferretti Group’s half-year earnings for 2026, the yacht maker is grappling with declines amidst geopolitical tensions, with revenue, profit and order intake nursing losses. From January 1st to June 30th, the Italian builder’s revenue totaled €586 million, a 5.6% drop from €620.4 million in H1 2025. The company delivered €37.9 million in profits, meanwhile,…
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Italian builder Ferretti Group reports decline in revenue and order in take for Middle East region
Italian shipyard Ferretti Group announced its earnings for the first three months of 2026, citing a decrease in demand in the quarter for order intake. The builder posted €302.1 million in net revenue, an 8 percent decline from the same period in 2025, which was €328 million. Adjusted EBITDA, meanwhile, has stabilized at €48.7, compared…
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Kuwaiti Investment Firm Acquires 3 Percent Stake in Ferretti Group
Bader Nasser Al Kharafi, a Kuwaiti businessman, has announced the acquisition of a 3 percent stake in Italian superyacht builder Ferretti Group. The deal, done through his investment firm BNK Holdings, is part of a “broader strategic plan to build a global portfolio focused primarily on high-end assets and high-quality companies”. Al Kharafi assumes several…
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Ferretti Group appoints AAA Marine as new UAE and Oman dealer
Italian shipbuilder Ferretti Group has inked a deal with AAA Marine, a merger between Al Otaiba Investment and RIC Holding, to become the authorized dealer of the brand in the UAE and Oman. The deal, signed at Emirates Palace in Abu Dhabi, will see AAA Marine as the regional representative of the shipyard’s core brands:…
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Ferretti Group to open new dealership branches in the United Arab Emirates and Oman
During a press conference held at the 30th Dubai International Boat Show in February 2024, Ferretti Group announced the opening of new offices in several parts of the United Arab Emirates, Dubai, Abu Dhabi, and Oman. This news comes months after the shipyard announced the dissolution of its partnership with leisure yachting company Ocean360, Ferretti…
