Yacht-maker Ferretti cuts guidance due to Middle East impact

Ferretti

31/07/2026 11:13

July 31 (Reuters) - Italian yacht builder Ferretti YACHT.MI lowered its 2026 guidance on Friday, saying geopolitical uncertainty and the Middle East crisis had impacted its operations.
Ferretti now sees adjusted earnings before interest, taxes, depreciation and amortisation of €186 million to €197 million ($214 million to $227 million), down from its earlier estimate of €203 million to €210 million.
"Order intake remains below the levels needed to replenish our order backlog at the pace we would like," said CEO Stassi Anastassov, who took on the role in May amid a shareholder feud.
Targets for investments and net revenue from new yachts were also cut, with the latter now estimated between €1.20 billion and €1.24 billion
Ferretti's order intake was €341.4 million in the first half of 2026, down 26.9% from a year ago
Adjusted EBITDA fell 6.7% to €92.5 million in the same period
Ferretti shares fell 2% following the publication of the earnings release
($1 = 0.8691 euros)

(Reporting by Fabrizio La Rocca, editing by Milla Nissi-Prussak)
((Fabrizio.larocca@thomsonreuters.com))