Ferretti Group Reports Record Production

The number of yachts that Ferretti Group built rose 7.5 percent in 2017.

Ferretti Group
The Ferretti Group in Italy is reporting record production numbers for 2017.Courtesy Ferretti Group

The Ferretti Group in Italy is reporting record production numbers for 2017.

Seven brands in the Ferretti Group — CRN, Pershing, Riva, Ferretti Yachts, Custom Line, Itama and Mochi Craft — built 159 yachts, which is 7.5 percent more than the 148 yachts the brands produced in 2016, according to the parent company.

The 2016 production quantity was already a record, with 23 percent growth compared to 2015. For 2017, the Ferretti Group is estimating annual production value at more than $705 million, driven by its introduction of 24 new models being launched inside of three years.

Looking ahead to 2018: The Ferretti Group has more yachts sold or under construction — a total of 87 — than any other parent company in the yacht industry, according to the recently released global order book. That's up 22.5 percent compared with 2017's total number of 71 yachts.