Italy's Ferretti H1 revenue falls, order intake drops 26.9%

Ferretti

31/07/2026 16:00

Overview
Italy yacht maker's H1 net revenue fell 5.6% yr/yr amid challenging market conditions
Adjusted EBITDA declined 6.7% and net profit dropped 13.1% from H1 2025
Order intake slid 26.9% due to selective conversion and postponed large yacht orders

Outlook
Ferretti updates full-year guidance citing continued geopolitical and macroeconomic uncertainty
Company expects uncertainty to persist, with longer customer decision cycles and intensified competition
Ferretti prioritizes rebuilding commercial momentum and maintaining pricing discipline amid market challenges

Result Drivers
ORDER POSTPONEMENTS - Co said order intake fell due to more selective order conversion and postponed large yacht orders, mainly in the Middle East amid geopolitical tensions
CHALLENGING MARKET - Co cited elongated customer decision cycles and intensified competition as factors behind weaker results
SEGMENT VARIATION - Composite yachts showed resilience, while made-to-measure and super yacht segments declined

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Orders
 
EUR 341.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 SpA is €4.00, about 35% above its July 30 closing price of €2.96
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
July 31 - Yacht-maker Ferretti cuts guidance due to Middle East impact
July 30 - Brunswick Q2 sales beat on steady OEM orders
July 30 - OneWater Marine misses Q3 estimates as divestiture impact weighs

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.)