This document makes use of some alternative performance indicators. The indicators represented are not identified as accounting measures in the context of IFRS and, therefore, should not be considered as alternative measures to those included in the financial statements. The management team considers these indicators are a meaningful metric for assessing the Ferretti Group's operating and financial performance.
The Company defines (i) EBITDA as the profit after tax, plus financial expenses (including the result of operational foreign exchange translation, but excluding foreign exchange losses/gains in connection with financial transactions), depreciation and amortisation, and taxes, less financial income and income tax benefits; (ii) Adjusted EBITDA as EBITDA to which special items have been added (including listing expenses, the Management Incentive Plan, non-recurring costs for supply chain support, and other minor non-recurring events); and (iii) unused net income as income excluding income generated from the sale and purchase of used yachts.

 
  • Dividend per share up 65% vs. 2022 (€0.0588 per share) and equal to 40% of the distributable profit;
  • Net revenue new yachts at €1,110.9 million, up 11.5% from €996.1 million in 2022;
  • Adjusted EBITDA of €169.2 million, up about 21% from 2022, with margin of 15.2%, up 110bps;
  • Net income of €83.5 million, up 38% from 2022;
  • Order intake of €1,120.4 million in line with 2022;
  • Net financial position of €281.1 million;
  • Communication of 2024 guidance and confirmation of the medium-term guidance.
Also approval of:
  • the proposal for authorisations of the purchase of company shares;
  • the statement containing the non-financial information (the "Consolidated Non-financial Statement");
  • the Report on remuneration policy and compensation paid;
  • the Corporate Governance and Ownership Structure Report
  • the convening of the Ordinary and Extraordinary Shareholders' Meeting for April 22, 2024.
 
Forlì, March 14, 2024 - The Board of Directors of Ferretti S.p.A. (the "Company") has approved 2023 the consolidated financial statements and the draft separate financial statements as of December 31, 2023:
 
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