Towards a re-listing of Ferretti
Sources close to Ferretti's management, cited by Reuters, report a return to the group's markets as a specialist in the construction of luxury yachts. The yard would consider a listing on the Milan stock exchange, which it had left in 2003 when it was acquired by investment funds. The process is still in its infancy and no information on the scale of the operation and the price of the shares is mentioned. In its latest results, the Ferretti group posted a production of boats worth ?6253 million in 2017 and net profits of ?24 million. The Italian group had already considered a re-listing in 2008, but had to abandon the project following the financial crisis of the same year.
Working on Ferretti's image
In addition to the economic aspect linked to the arrival of new investors, the return to a stock exchange listing has an image role. It provides important visibility for a luxury brand, whose customers are often linked to the financial markets. The group, owned by the Chinese Weichai since 2012, has paid off its debts and returned to profit since 2016. Already owner of well-known boat brands, such as Riva or Pershing Yachts, he made a remarkable acquisition and particularly beneficial in terms of image with the Wally sailboats and motoryachts.
The announcement of a potential initial public offering, first mentioned by Milano Finanzo, was not commented on by the Ferretti Group's management.