The italian stock market looks with interest to the boating sector for its relaunch in this second part of a 2019, certainly not full of satisfaction in other economic sectors, such as automotive.
It is now news that Ferretti S.P.A. has announced its intention to be listed from October on the Mercato Telematico Azionario (MTA) managed by Borsa Italiana S.P.A.
Ferretti Group, world leader in the design, construction and marketing of yachts and pleasure boats, joins the Sanlorenzo shipyard in its intention to launch an Initial Public Offering (IPO) to the Milan Stock Exchange.
Sanlorenzo is the third largest superyacht producer in the world and is expected to close 2019 with a turnover of €460 million.
Ferretti Group, after completing a capital injection of about 250 million euros, now intends to raise a further amount of about 100 million euros from the issue and placement of shares. With these new capitals, the company intends to continue the expansion process strongly shown at the autumn boat shows, where it presented a prestigious fleet with important news for the brands Ferretti Yachts, Riva, Pershing, Custom Line and Wally.
Ferretti is listed in Milan with a six-monthly report very attractive for investors: a production value of 358 million euro (+6.5% compared to the same period of 2018); total orders of 653 million euro (+19%).