Ferretti Records Marginally Higher Net Profit in January-September

MT Newswires Live
2024-11-14

Ferretti (HKG:9638) recorded a net profit of 62.2 million euros for the nine months ended Sept. 30, 0.5% higher than 61.9 million euros logged for the same period last year.

The order intake for the reporting period was recorded at 736.9 million euros, down 15.8% from 875.0 million euros logged a year ago, a Wednesday Hong Kong bourse filing said.

Net revenue of new yachts reached 865.3 million euros for the nine months ended Sept. 30, 3.8% higher than 833.9 million euros recorded for last year's period.

The company saw a net backlog was 780 million euros as of Sept. 30, 2024, 9.4% lower than 860.7 million observed on Sept. 30, 2023.

The luxury yachts company's shares were down over 2% in recent trade.

Price (HKD): $22.10, Change: $-0.50, Percent Change: -2.21%

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