Ferretti Group shows five world premieres, electric Riva

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Custom Line 140’ (far right) headlined Ferretti Group highlights at Cannes

Ferretti Group fielded a 25-strong line-up at this year’s Cannes Yachting Festival (click for earlier article) including five world premieres and a prototype of the El-Iseo, an electric version of the 27ft Iseo.

The new Custom Line 140’ enjoyed a clear view in the middle of Vieux Port, while the Ferretti Yachts 860 and Riva’s 102’ Corsaro Super, 76’ Bahamas Super and Anniversario (33ft) were the Group’s other world premieres. The wallypower58 made its Cannes debut following its world premiere at the Venice Boat Show.

Ferretti Group’s show partners included Land Rover, Campari, Cipriani, Culti, Dolce&Gabbana, Flamigni, Flexjet, Frette, Fornasetti, Lavazza, La Scolca and Venini. Ethimo provided the outdoor furniture, while Seabob returned as a partner, exhibiting limited-edition units with custom livery created specifically for the Group’s brands.

El-Iseo is Riva’s first electric boat

El-Iseo combines the history of the iconic Iseo runabout with environmentally sustainable technology. The prototype was earlier showcased at Ferretti Group’s seventh Private Preview, organised against the gorgeous backdrop of the Monaco Yacht Club.

Upcoming models include the Wallywhy150, which is 24m in length and 150GT, and set to launch in February and premiere in spring. As well as Wally sailing models like the custom 101 and wallywind110, other projects include Riva 82, Ferretti Yachts 580, Infynito 90 Ferretti Yachts, Custom Line Navetta 50 and Pershing GTX 80, which will follow the upcoming GTX116.

The Group now has a product range of 50 models, compared to 42 in 2021, and over 284,000sqm of production space.

Riva’s 76 Bahamas Super

Since June 30, the Group has received about €300 million of new orders, representing close to 50 per cent growth when compared to the same period in 2021 and leading to an order backlog of more than €1.3 billion. In the first half of 2022, revenues totalling €534.9 million were up 17 per cent on the same period in 2021, while EBITDA adjusted stands at €69 million.

Alberto Galassi, CEO of Ferretti Group, said: “Beautiful boats produce extraordinary results and vice-versa. This exceptional growth, in a truly magical year for us, is amazing but doesn’t surprise us as it’s the fruit of high levels of investment, hard work and careful planning.

“These first six months project us towards a year-end that I expect will be even more sensational, in line with the constant trend that for years has kept us at the top. If I think of Riva’s new electric prototype and all the new products that keep making our brands more successful. It is an absolute pleasure to be here representing the unique know-how that only Italy is able to bring to the international yachting scene.”

Riva’s new Anniversario

In addition, Ferretti Group has decided to support the UNICEF 7 Fund created by UNICEF and David Beckham. The aim is to act in some of the poorest areas of El Salvador and radically transform the facilities available for children, guaranteeing safe spaces in which they can dream and develop skills for their future.

Ferretti Group has decided to donate a magnificent Riva Anniversario, which will be auctioned and the entire proceeds devoted to safeguarding children in El Salvador. The silent auction will be open for five months, concluding in Miami on February 16, 2023.