Picture of Ferretti SpA logo

YACHT Ferretti SpA News Story

0.000.00%
it flag iconLast trade - 00:00
Consumer CyclicalsBalancedMid CapSuper Stock

Brief: Ferretti Q1 Adj EBITDA At EUR 48.7 Mln

May 19 (Reuters) - Ferretti SpA YACHT.MI:

Q1 NET NEW REVENUE AT €302.1 MILLION

Q1 ADJUSTED EBITDA AT €48.7 MILLION

Q1 NET PROFIT EUR 21.0 MILLION

NET BACKLOG AT MARCH-END AT EUR 722.3  MILLION

SEES NET NEW REVENUE IN RANGE OF EUR 1,250-1,265 MILLION

Q1 ORDER INTAKE AT €179.6 MILLION

SEES ADJUSTED EBITDA MARGIN BETWEEN 16.2% AND 16.6%

SEES CAPEX IN RANGE OF EUR 70-75 MILLION

SITUATION IN MIDDLE EAST CAUSING DELAYS IN ORDER INTAKE FROM REGION AS WELL AS IN DELIVERY OF BOATS SCHEDULED FOR THAT MARKET

ORDER INTAKE AMOUNTED TO EUR 179.6 MILLION, DOWN 33.6% Y/Y

Further company coverage: YACHT.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

Recent news on Ferretti SpA

See all news