On INFYNITO 90, the indoor and outdoor settings blend into one another in a groundbreaking continuum, creating generous, customisable spaces based on numerous layout combinations that owners can choose from.

Rounding out the new design is a unique and innovative layout for a yacht in this category.

The focus of all this innovation on INFYNITO 90 and the range as a whole is the ground-breaking All-Season Terrace in the bow. Sheltered by an extension to the superstructure that provides protection in all weather conditions and total privacy, the terrace is a comfortable private area forward that can be fitted out according to the owner’s preferences. This is also the first Ferretti Yachts model to feature a skylounge completely surrounded by windows, with direct access onto the upper deck cockpit.

MAIN DECK
The extreme flexibility of the layout is clear from the outset, not least in the 34-square-metre aft cockpit, which can be decorated with free standing furniture or a panoramic sun pad combined with a formal dining area. The yacht also has a longitudinal garage accessed from the transom, with steps integrated into the lift and enough space for a Williams Diesel-JET 415 Tender.

The main deck, with its walkaround design, is one of the areas that showcases continuity between the interior and exterior spaces.

The generous open space interiors, in fact, create an uninterrupted view that sweeps from the stern of the yacht to the bow.

The owner can choose the configuration that best represents their personality out of three different options. The first unit, for example, features a total open space fitted out with an informal living area aft, containing two facing sofas, and a country kitchen amidships interconnected with both the living room and the dining area forward, which is furnished with a large table seating eight. A more formal version of the deck is also available, with an enclosed galley that the crew can access independently from the port walkway. Both versions include a large pantry and the day head.

Finally, for maximum enjoyment, a layout inspired by larger yachts positions the full-beam master suite, containing an en-suite bathroom and a walk-in closet, in the bow on the main deck.

The All-Season Terrace, one of the most innovative features of the design, is fitted out on the first unit with a Jacuzzi surrounded by sofas. As an alternative, the owner can opt for a panoramic cocktail bar featuring a counter and four bar chairs, or alternatively a series of comfortable sun loungers. All the solutions feature a generous sun pad in the bow. Electrically operated concealed windows can be fitted in all configurations to connect the terrace with the neighbouring interior area.

The forward terrace has a covered central section complete with a bimini top, available in both a fixed version and with tilting glass louvres, as installed on the first unit.

The flexibility of the configuration can also be seen in the two decor moods available: Classic and Contemporary, both created to offer the owner all the pleasure of an elegant, inviting, clean and well-balanced ambiance. While they both share the same unmistakable Made in Italy styling, the Classic mood taps into warm, earthy elements, while Contemporary features glowing woods and fabrics in fresh hues inspired by the colours of the sea. There is clear contamination from residential decor in the form of understatement, softness, and well-balanced forms and materials, without ever tipping into a minimalist style.

The common denominators are Ferretti Yachts’ hallmark soft ceilings, verticality and clean lines, plus the thoughtful use of materials and freestanding furniture.

The huge windows running the length of the main deck lounge, and reprised in the Skylounge, are striking in their design and extend the view to include the natural environment, as well as allowing natural light to flood in.

The view sweeping from stern to bow at the heart of the boat’s concept is practically uninterrupted, not even by the central staircase, which connects the three decks and is contained in a structure formed of eco-leather slats, so that it doesn’t create a visual impediment. The staircase provides a second point of access to the upper deck, in addition to the one in the cockpit.

UPPER DECK
INFYNITO 90 is the first model in the Ferretti Yachts range to feature a skylounge completely surrounded by windows and with direct access onto the upper deck cockpit. Forward of this is the helm station – featuring a Simrad Command integrated dashboard – that in the first unit built is closed off from the convivial zone in the midship section, which features a lounge and TV. An open version of the wheelhouse is also available. In both cases, the Skylounge can accommodate a dining area seating eight. The upper deck cockpit can also be configured with free-standing furniture to create a sunbathing and al fresco dining area.

Ensuring maximum continuity with the outdoor world is always a key priority. Two bridge wings can also be configured on either side of the yacht to facilitate docking manoeuvres.

Forli, May 10, 2023 - The Board of Directors (the “Board”) of Ferretti SpA today reviewed and approved the Group’s consolidated financial results for the first quarter of 2023.

• Order intake of €307.5 million in the first three months of 2023.
• Revenue of €280.3 million, an increase of 9.3% when compared to Q1 2022.
• Adjusted EBITDA of €40.0 million in Q1 2023, representing an increase of 26.6% when compared to Q1 2022 and with a margin equivalent to 14.3%, representing an increase of 130 basis points when compared to Q1 2022.
• Net profit of €18.6 million.
• Net Financial Position equivalent to €301 million of net cash.

“The luxury yacht market continues to see strong expansion and, once again, Ferretti Group shows vision and foresight, as witnessed by the important acquisition of Cantiere San Vitale, in Ravenna, the cornerstone of a future-looking growth strategy. The huge interest shown by the financial community after the Group’s first Capital Markets Day, and the very positive financial results reported in Q1 2023, are another demonstration of our solidity and confirm once again that our shareholders and our customers were right to place their confidence in us,” said Ferretti Group CEO Alberto Galassi.

Order intake: €307.5 million in Q1 2023.
Order backlog: €1,496.3 million as of 31 March 2023, representing an increase of approximately 15.4% when compared to 31 December 2022 (€1,295.6 million) as a result of strong demand on international markets.

Order Backlog by Segment:
• Composite yachts reached €489.9 million as of 31 March 2023, which is equivalent to approximately 32.7% of total backlog as of 31 March 2023.
• Made-to-measure yachts reached €549.1 million as of 31 March 2023, which is equivalent to approximately 36.7% of total backlog as of 31 March 2023.
• Super yachts reached €384.6 million as of 31 March 2023, which is equivalent to approximately 25.7% of total backlog as of 31 March 2023.
• Other businesses reached €72.7 million, which is equivalent to approximately 4.9% of total backlog as of 31 March 2023.

Revenue: €280.3 million in Q1 2023, representing an increase of 9.3% when compared to Q1 2022 (€256.4 million) attributable to the strong order backlog built in 2022.

Revenue by Segment:
• Composite yachts reached €147.3 million, which is equivalent to approximately 52.6% of the total revenue in Q1 2023 (from €109.8 million, which is equivalent to approximately 42.8% of the total revenue in Q1 2022).
• Made-to-measure yachts reached €99.9 million, which is equivalent to approximately 35.6% of the total revenue in Q1 2023 (from €96.1 million, which is equivalent to approximately 37.5% of the total revenue in Q1 2022).
• Super yachts reached €18.1 million, which is equivalent to approximately 6.4% of the total revenue in Q1 2023 (from €24.7 million, which is equivalent to approximately 9.6% of the total revenue in Q1 2022)
• Other businesses reached €15.0 million, which is equivalent to approximately 5.4% of the total revenue in Q1 2023 (from €25.8 million, which is equivalent to approximately 10.1% of the total revenue in Q1 2022).
Revenue by Geographical Region :
• North America, Central America and South America region (“AMAS”) reached €80.0 million, which is equivalent to approximately 28.6% of the total revenue in Q1 2023 (from €70.1 million which is equivalent to approximately 27.3% of the total revenue in Q1 2022).
• Europe, Middle East and Africa region (“EMEA”) reached €135.2 million, which is equivalent to approximately 48.2% of the total revenue in Q1 2023 (from €120.3 million, which is equivalent to approximately 46.9% of the total revenue in Q1 2022).
• Asia-Pacific region (“APAC”) reached €32.0 million, which is equivalent to approximately 11.4% of the total revenue in Q1 2023 (from €15.6 million, which is equivalent to approximately 6.1% of the total revenue in Q1 2022).
• Other and Super yachts reached €33.1 million, which is equivalent to approximately 11.8% of the total revenue in Q1 2023 (from €50.5 million, which is equivalent to approximately 19.7% of the total revenue in Q1 2022).
Adjusted EBITDA : €40.0 million in Q1 2023, representing an increase of 26.6% when compared to Q1 2022 (€31.6 million) and with a margin equivalent to 14.3% in Q1 2023, representing an increase of 130 basis points when compared to Q1 2022 (13.0%).

This remarkable improvement is linked to three main reasons:
• Commercial: a longer waiting list thanks to the high order backlog, reflecting a higher pricing power.
• Strategic positioning: a larger presence in the most profitable segment, such as made-to-measure.
• Industrial: economy of scale in purchasing and a more efficient fixed costs absorption.
Net Profit: €18.6 million in Q1 2023, representing an increase of 42.0% from Q1 2022 (€13.1 million) and with a margin equivalent to 6.6% in Q1 2023, representing an increase of 120 basis points when compared to Q1 2022 (5.4%).
Capex: €59.0 million, of which approximately €40.0 million for the acquisition of Cantiere San Vitale in Ravenna, leading to an additional capacity of approximately 20% at fully operating status.
Net Financial Position: €301 million of net cash from €365 million of net cash as of 31 December 2022.

POTENTIAL DUAL-LISTING
The Company has been working proactively on the Potential Dual Listing.
The Board has resolved to convene a Shareholders’ meeting to be held on May 18, 2023, to resolve upon, among other things, the approval of the application for the Potential Dual Listing and amendments to the Existing By-laws.
The Potential Dual Listing is subject to, among other things, the obtaining of approval(s) from the Shareholders and the relevant authorities.
Shareholders and potential investors of the Company should be aware that there is no assurance that the Potential Dual Listing will take place or as to when it may take place.
Shareholders and potential investors of the Company should therefore exercise caution when dealing in or investing in the securities of the Company.

For further info, call or WhatsApp

Richard Inwards: +44 [0]780 320 6082 or +33 6 43 91 10 67 

Robert Inwards: +33 6 20 39 84 12

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