Ferretti falls on weak Q1, boardroom uncertainty

Ferretti SpA

19/05/2026 11:53

** Shares in Italy's Ferretti YACHT.MI fall as much as 5.9% after the yacht maker's Q1 results show weakness due to global uncertainty and the conflict in the Middle East

** Given the results, some share price weakness is expected ahead of the new CEO's stance on strategy and outlook, J.P. Morgan says

** Ferretti's Q1 order intake fell 33% to 179.6 million euros ($209.11 million), dragged by the 42% decline of its made-to-measure segment

** Ferretti shareholders sided with China's Weichai Group in a shareholder feud that ended CEO Alberto Galassi's 12-year tenure and named a new board on May 14

** Italy is assessing a request by Czech investor KKCG Maritime to check whether Ferretti investors have breached golden power rules designed to shield strategic assets

** Up to the previous session's close, shares were up 5.4%​ YTD

($1 = 0.8608 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((philippe.leroybeaulieu@tr.com))