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Ferretti (YACHT) investor relations material
Ferretti Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 order intake rose 6.6% and revenue increased 13.6%; 9M revenue reached €888.6m, up 0.2% YoY after a 5.6% H1 decline.
FY2026 revenue guidance was reaffirmed at €1,200–1,240m, while adjusted EBITDA guidance was reduced to €174–185m.
Recovery was led by Composite and Europe; profitability remained under pressure from sales mix, operational inefficiencies, cost absorption and competition.
Management’s performance plan targets value-based pricing, product mix, industrial efficiency, shipyard utilization and commercial execution.
Financial highlights
9M revenue was €888.6m versus €887.2m a year earlier; Q3 revenue grew 13.6% YoY.
9M adjusted EBITDA was €130.6m versus €141.7m; adjusted EBITDA margin fell to 14.7% from 16.0%, down 130 bps.
9M net profit was €49.9m versus €61.0m, down 18.2% YoY.
Net financial position was net cash of €42.3m at 30 September 2026, versus €65.2m a year earlier and €95.0m at 30 June 2026.
Outlook and guidance
FY2026 net revenue guidance remained €1,200–1,240m; adjusted EBITDA guidance was cut from €186–197m to €174–185m, with margin guidance of 14.5%–14.9%.
FY2026 capex guidance remained €60–65m; revenue coverage exceeded 85%, with ~€174m of net backlog relating to 2026 and ~€397m for subsequent years.
Management cited €680m of orders under negotiation, mainly in higher-end segments; negotiations represent opportunities, not booked orders.
Corrective actions addressing operational inefficiencies are expected to deliver gradual benefits; market conditions may continue to affect sales mix and competition.
- Revenue and adjusted EBITDA grew as backlog reached €1.496bn.YACHT
Q1 2023 - Record order intake and stronger margins marked a high-demand Q1'22.YACHT
Q1 2022 - Strong demand lifted 9M revenue and profit, with backlog reaching €1.38bn.YACHT
Q3 2022 - Orders surged 30%, backlog reached €1.218bn, and adjusted EBITDA rose 30%.YACHT
H1 2022 - Revenue and adjusted EBITDA grew as backlog reached €1.4bn and net cash €320m.YACHT
H1 2023 - Market leadership and €1.455bn backlog cushion a softer H1 and lower FY26 outlook.YACHT
Company presentation - Global luxury yacht leader drives growth with innovation, sustainability, and strong financials.YACHT
Company presentation - Revenue and order intake fell, but strong cash, margins, and backlog support a prudent 2026 outlook.YACHT
Q2 2026 - Global luxury yacht leader delivers strong growth, innovation, and sustainability.YACHT
Company presentation
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