Towards a reintroduction of Ferretti on the stock market
Sources close to Ferretti's management, quoted by Reuters, suggest that the group, which specializes in the construction of luxury yachts, will return to the markets. The shipyard is considering a listing on the Milan stock exchange, which it left in 2003 when it was bought by investment funds. The process is still in its early stages and no information on the size of the operation and the price of the shares has been mentioned. In its latest results, the Ferretti group posted a boat production worth 6253 Meuros in 2017 and net profits of 24 Meuros. The Italian group had already considered a reintroduction to the stock market 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 market 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 Chinese Weichai since 2012, has been mopping up its debts and returning to profit since 2016. Already the owner of well-known boat brands, such as Riva or Pershing Yachts, it has made a noteworthy and particularly beneficial acquisition in terms of image with the Wally sailboats and motoryachts.
The announcement of a potential IPO, first reported by Milano Finanzo, has not been commented by the management of the Ferretti Group.
