Italy's Ferretti 9M order intake falls as geopolitical uncertainty slows deals

Ferretti

27/10/2026 04:23

Overview
Italy yacht maker's 9M 2026 order intake fell 13.8% yr/yr amid geopolitical uncertainty
Net income for 9M 2026 was EUR 49.9 mln
Company saw 6.6% yr/yr rise in Q3 2026 order intake

Outlook
Company says persistent geopolitical uncertainty is leading to longer negotiation times
Ferretti says coverage for FY 2026 remains above 85% with €174 mln net backlog

Result Drivers
GEOPOLITICAL UNCERTAINTY - Co said persistent geopolitical and macroeconomic uncertainty led to longer negotiation times and slowed order intake, especially in made-to-measure and super yacht segments
NEW MODELS - Co attributed increased composite yacht orders to appeal of new models and commercial initiatives
CONTRACT SIGNING - Co said third quarter saw a significant contract signed for a Wally sailing yacht, boosting 'other businesses' segment

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Net Income
 
EUR 49.90 mln
 
9M Orders
 
EUR 664.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy."
Wall Street's median 12-month price target for Ferretti S.p.A. is €3.40, about 28% above its October 26 closing price of €2.66
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 26 - Italy's Sogefi nine-month revenue rises on Europe, India growth
Oct 26 - MotorK nine-month revenue falls 13% on non-core exit; withdraws FY26 CARR guidance
Oct 26 - Germany's EDAG Engineering prelim 9M revenue falls on automotive customer restructuring, cuts FY26 outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)