Ferretti (HKG:9638) recorded a net profit of 23.9 million euros in the first quarter, a rise of about 7.7% from the year-ago period, a Friday Hong Kong bourse filing said.

Order intake for the quarter stood at 270.6 million euros, up about 1.5% from 266.6 million euros a year prior.

The yacht maker attributed the higher order intake mainly to the strong performance of the made-to-measure yachts segment.

Net revenue, excluding pre-owned business, also rose about 5% on year to 328.5 million euros, the filing said.