Ferrari family fund invests in Ferretti Group

Motorboat & Yachting: Italian yacht maker Ferretti Group received the formal backing of the Ferrari family this week after F Investments bought a 13.2% stake.

 

Ferretti Group has announced a new major shareholder in the form of F Investments – a holding company controlled by the Ferrari family.

By purchasing a 13.2% share in the yacht maker for an undisclosed sum, the luxury car dynasty has strengthened a budding partnership between the two brands.

Last month it was announced that Ferretti would be sponsoring the Ferrari Formula 1 team, with its Riva brand emblazoned on the racing drivers’ helmets.

But the collaboration dates back much further, with Riva and Ferrari launching a 32ft speedboat back in the 1990s.

The news was announced as part of Ferretti’s annual financial results, which showed that the company beat its own predictions to deliver a consolidated production value of €410m for the 2015 financial year.

What’s more, the company’s earnings (EBITDA) reached €7million – the positive figure since 2012 – and a profit of around €5million is forecast for the first quarter of 2016.

CEO Alberto Galassi said: “The year of 2015 has rewarded us with economic and financial results over the expectations and the Group has relaunched itself regaining leadership on several markets.

“This achievement would not have been possible without the introduction of innovative and cutting edge products that are the results of significant investments in research and development and of the design and construction capabilities of Ferretti Group,” he added.

The Ferretti Group plans to launch nine new models before the end of the year, including the Ferretti 450 Fly, Pershing 5X and Riva 100 Corsaro.

See article at Motorboat & Yachting

 

Contact Us

Tel: +44 (0)20 7929 4058
Fax: +44 (0)20 7933 9350
Click here to email us

Velos Insurance Services Limited
52-54 Gracechurch Street
London, EC3V 0EH
View map

Connect with us


Latest News

British sailor Elliot Willis is fundraising for cancer charity

Practical Boat Owner: British Sailing Team sailor Elliot Willis is cycling 250 miles this September for The Royal Marsden Cancer Charity: ‘Because they got me to this point where I feel I can do it.’   The Team GB

September 16, 2016 read more