)

Ferretti (9638) investor relations material
Ferretti Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenue from new yachts rose 1.5% year-over-year to €620–€620.4 million in H1 2025, with adjusted EBITDA up 2.5% to €99–€99.1 million and a margin of 16.0% (+20bps YoY).
Net profit was €43.6–44 million, nearly flat year-over-year.
Order intake declined 9.2% year-over-year to €467–467.3 million, reflecting macroeconomic and geopolitical headwinds.
Order backlog as of June 30, 2025, was €1,446 million, down 3.2–3.3% year-over-year, with 133 units delivered in the first half.
Strategic focus on high-end, made-to-measure, and superyacht segments, with global presence in over 70 countries, supported resilience and growth.
Financial highlights
Net revenue new yachts: €620–€620.4 million (+1.5% YoY); adjusted EBITDA: €99–€99.1 million (+2.5% YoY, margin 16.0%).
Net profit: €43.6–44 million (7.0% margin, flat YoY).
Net financial position improved to €101.6 million net cash, up €47 million sequentially after €34 million in dividends.
Net working capital decreased to 12.5%, with expectations to fall below 10% by year-end.
Cash flow from operating activities was €76.7 million, up from €58.6 million in the prior year.
Outlook and guidance
2025 net revenue guidance: €1,220–1,240 million (+4.0–5.7% YoY); adjusted EBITDA: €200–207 million (margin 16.5–16.7%).
CapEx for the year expected below €90 million, with Ravenna Shipyard expansion completing by year-end.
Strategic focus on product innovation, sustainability, and expansion in high-value and emerging segments.
Confident in resilience and market share gains despite macroeconomic and geopolitical uncertainties.
Strong second half expected, supported by upcoming boat shows and a robust negotiation pipeline.
Next Ferretti earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage