NationMaster - Encyclopedia: Ferretti Group

Ferretti Group is an Italian yachtbuilding conglomerate founded in 1968. The company initially produced small boats and in 1971 it produced the first motorsailer. It now focuses on the powerboat sector, specializing in luxury motoryachts production. The group is based in Forlì and is one of the leading companies in the world of design and construction of luxury motoryachts and sporting boats measuring from 7 to 80 meters long. It employs 2,800 people directly, out of which over 100 specialised engineers who comprise the group's design team. Look up Slogan in Wiktionary, the free dictionary. ... A private company is a company that is independently owned. ... 1968 (MCMLXVIII) was a leap year starting on Monday (the link is to a full 1968 calendar). ... An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. ... Country Italy Region Emilia-Romagna Province ForlÃ¬-Cesena (FC) Mayor Nadia Masini (since June 14, 2004) Elevation 34 m Area 228 kmÂ² Population - Total 110,209 - Density 472/kmÂ² Time zone CET, UTC+1 Coordinates Gentilic Forlivesi Dialing code 0543 Postal code 47100 Frazioni see list Patron Beata Vergine del... An entrepreneur (a loanword from French) is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links Green_Arrow_Up. ... EUR is an initialism that may mean: Euro, the currency; Esposizione Universale Roma, a neighbourhood of Rome built for the World Fair Esposizione universale (1942). Erasmus Universiteit Rotterdam (Erasmus University of Rotterdam, the Netherlands) This page concerning a three-letter acronym or abbreviation is a disambiguation page â€” a navigational aid... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links Green_Arrow_Up. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Green_Arrow_Up. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... In business, a subsidiary is a company controlled by another company or corporation. ... This page as shown in the AOL 9. ... Diagram of Sailboat, in this case a typical monohull sloop with a bermuda or marconi rig. ... Categories: Stub | Boat types ... Country Italy Region Emilia-Romagna Province ForlÃ¬-Cesena (FC) Mayor Nadia Masini (since June 14, 2004) Elevation 34 m Area 228 kmÂ² Population - Total 110,209 - Density 472/kmÂ² Time zone CET, UTC+1 Coordinates Gentilic Forlivesi Dialing code 0543 Postal code 47100 Frazioni see list Patron Beata Vergine del... The metre, or meter (symbol: m) is the SI base unit of length. ...

According to a research carried out by Business Week, Ferretti Group is the top Italian company and twenty-eighth of the 500 Hot Growth Companies in Europe. The research ranked companies based on their turnover growth compared with the sales volumes and number of employees and included top European companies from different sectors. The group is the only company in the nautical world on the list.^[2] BusinessWeek is a business magazine published by McGraw-Hill. ...

Group structure

The group consists of the following design and production companies: Some knots: 1. ... The Aegean Sea. ...

The Group has also a marketing subsidiary for the US and Canada (Ferretti Group USA, Inc.), a company specialized in the production of fiberglass products (Resin Sistem S.r.l.), a company specialized in the production of boat interiors (Diesse Arredamenti), a distributor of diesel marine engines, propulsion and control systems, reversers, reducers and generators (Diesel Center), a company specialized in yacht painting and refitting (Pinmar S.L.), a company specialized in the production of wooden fixtures and furnishing for megayachts over 100 feet (Zago S.p.A.), and lastly Slys (La Spezia Luxury Yacht Service), CRN Ferretti Group Monaco S.A.M. of Montecarlo and Cantiere Navale M.Morini of Ancona. Sorrento is the name of many cities and towns: Sorrento,_Italy Sorrento,_Florida, United States of America Sorrento, suburb of Melbourne, Victoria, Australia Sorrento, suburb of Perth, Western Australia, Australia Sorrento, Hong Kong, the largest residential development on Kowloon Station This is a disambiguation page — a navigational aid which... United States may refer to: Places: United States of America SS United States, the fastest ocean liner ever built. ... Bundle of fiberglass Fiberglass or glassfibre is material made from extremely fine fibers of glass. ... Diesel or diesel fuel is a specific fractional distillate of fuel oil (mostly petroleum) that is used as fuel in a diesel engine invented by German engineer Rudolf Diesel. ... Propulsion method may refer to a number of different articles: For a list of space transport methods, see spacecraft propulsion. ... In a steam engine, cutoff is the early closing of the cylinder inlet valve, to increase efficiency. ... Electrical generator Generator (Mathematics) ... Monte Carlo is a very wealthy section of the city-state of Monaco known for its casino, gambling, beaches, glamour, and sightings of famous people. ... Ancona is a city and a seaport in the Marche, a region of northeastern Italy, population 100,507 (2001). ...

Financial data

Ferretti Group has a 90.7% three-year expansion rate and a Production Value of 770.4 million Euros as of 31st August 2006 (an 18% increase compared with previous year's 652.9 million Euros). The group's EBITDA rose by +37.7% to 118.4 million euros (85.9million euros in 2005), and net profits rose by +118.8% to 26 million euros (11.22 million euros at August 31, 2005), while the net borrowings decreased by 90 million euros to 407 million euros (497 million euros in 2005). The number of boats delivered was 461 in 2006 from 419 in 2005 and the order backlog was at an all-time high of more than 635 million euros, up about 62.4%.^[3]^[4] The Greek name for the rainy, stormy southeast wind. ... In accounting and finance, EBITDA Â«ee-bit-dahÂ» or Â«ee-bit-dee-ehÂ» stands for Earnings before Interest, Taxes, Depreciation, and Amortization (sometimes named OIBDA for operating income before depreciation and amortization). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ...

The increase in financial data is attributed to the growing demand in both Group’s traditional brands (Ferretti Yacht, Riva and Pershing) and newly introduced product lines (Mochi Craft and Maestro of Apreamare), as well as in the relaunching of the Itama brand and the positive performance of CRN in the steel megayacht segment. Other factors were further growth in the established Italian and European markets, as well as strong sales in the emerging markets of the Far East, and more assertive marketing strategies in such new markets as Russia, Brazil and South America in general. The increase in profits is attributed to the contribution of new production facilities, to the launch of increasingly large new models and to a steady effort to maximize intra-Group synergies. The contribution of foreign business accounts for 75% of the Group’s production value.^[3] European redirects here. ... The far east as a cultural block includes East Asia, Southeast Asia, Northeast Asia and South Asia. ... South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ...

History

The company was founded in 1968 by Alessandro and Norberto Ferretti and produced its first motor sailer in 1971. During the 1980s, the two brothers decided to specialize in the production of luxury motoryachts. They established a new unit in Forlì, which today houses the company headquarters. In 1998 the group acquired the already affiliated company Custom line and the controlling interest of Pershing and Bertram. The acquisitions continued in 1999 and 2000, when the company purchased the CRN (Ancona) and Riva (Sarnico) shipyards. Country Italy Region Emilia-Romagna Province ForlÃ¬-Cesena (FC) Mayor Nadia Masini (since June 14, 2004) Elevation 34 m Area 228 kmÂ² Population - Total 110,209 - Density 472/kmÂ² Time zone CET, UTC+1 Coordinates Gentilic Forlivesi Dialing code 0543 Postal code 47100 Frazioni see list Patron Beata Vergine del... Ancona is a city and a seaport in the Marche, a region of northeastern Italy, population 100,507 (2001). ...

In 2000, Ferretti Group was temporarily listed in the Italian Stock Exchange, but decided to be taken private citing concerns for negative financial climate by the September 11, 2001 attacks.^[5] In 2001, the group proceeded in two more acquisitions: Apreamare S.p.A boatyards (Sorrento, Naples) and Mochi Craft boatyards (Pesaro). A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11â€”pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly... Vesuvius keeping a watchful eye over Sorrento and the Bay of Naples. ... Country Italy Region Campania Province Naples (NA) Mayor Rosa Russo Jervolino Elevation 17 m Area 117 kmÂ² Population - Total (as of December 31, 2004) 1,000,470 - Density 8,457/kmÂ² Time zone CET, UTC+1 Coordinates Gentilic Napoletani Dialing code 081 Postal code 80100 Patron Saint Januarius - Day September... Pesaro (in Antiquity, Pisaurum) is a town and comune in the Italian region of the Marche, capital of the Pesaro e Urbino province, 43Â°55N 12Â°55E; on the Adriatic, at sea-level. ...

In 2003, the group proceeded further in acquiring Cantiere Nacale M. Morini S.p.A (Ancona) and several companies with activity in compementary sectors, such as the Spanish Pinmar S.L. (yacht painting and refitting), and Zago S.p.A. (wooden fixtures and furnishing). Finally, in 2004, the group's subsidiary Pershing, purchased Cantieri Navali S.p.A. (Rome). Ancona is a city and a seaport in the Marche, a region of northeastern Italy, population 100,507 (2001). ... Nickname: The Eternal City Location of the city of Rome (yellow) within the Province of Rome (red) and region of Lazio (grey) Coordinates: Region Lazio Province Province of Rome Founded 8th century BC Mayor Walter Veltroni Area - City 1,285 kmÂ² (496. ...

An exclusive distribution network of over 75 selected dealers undertakes the group's products marketing and after sales service in 96 countries.

Racing

Motivated by the needs for high tech synergy, and greater international recognition, the company entered in 1989, into offshore racing. The sporting results achieved were excellent. Norberto Ferretti won the Class 1 Offshore World Championship title in 1994.^[6] Offshore powerboat racing is racing by large, ocean-going powerboats, typically point-to-point racing. ...

The Ferretti team won the European Offshore Championship in 1995. In 1997 it won both European and World champion titles. The company attributes these winnings to a hi-tech hull designed with a carbon-fiber autoclave.^[6]

Shipyards

The total indoor and outdoor surface covered by the group's shipbuilding activities is 673,000 square meters, in 19 Italian, 2 Spanish and one American production units.

While works are still in progress, the company started partially operating in a new production center at La Spezia in March 2004, which will become the group's largest in terms of technical, logistical and sales support in the northern Tyrrhenian Sea. The overall investment is 26 million euros, and for the moment it produces Riva yachts over 21 meters long. It has an area of over 15,000 square meters, and once completed, it will include 2 industrial buildings, two office buildings, and 400 meters of piers and docks served by a mobile 400-ton travel-lift. It will feature a center for the testing, launching and delivery of all crafts and provide harbor and support services to customers. Map of Italy showing La Spezia in the northwest La Spezia is a city in the Liguria region of northern Italy, at the head of La Spezia Gulf. ... Tyrrhenian Sea. ... The Greek name for the rainy, stormy southeast wind. ... A pier on Lake Mapourika in New Zealand illustrates the simplest form of pier Southend Pier in England is the longest pleasure pier in the world, at 1. ... A dock is an area of water between two piers or alongside a pier, forming a chamber used for building or repairing one ship. ...

A new boat production center at Torre Annunziata, Naples is also underway and will be completed by the end of 2006. It will be over 125,000 square meters, (65,000 square meters of it covered) and it includes an internal private dock of 10,000 square meters with 100 moorings, and a channel for sea access. A travel-lift will be used on very large boats, for quick, hassle-free inspections and sea-trials, as well as haulage. Total investments are currently estimated at 55 million euros. Torre Annunziata, population 52,875 (1991), is a city in the province of Naples, region of Campania in Italy. ... Country Italy Region Campania Province Naples (NA) Mayor Rosa Russo Jervolino Elevation 17 m Area 117 kmÂ² Population - Total (as of December 31, 2004) 1,000,470 - Density 8,457/kmÂ² Time zone CET, UTC+1 Coordinates Gentilic Napoletani Dialing code 081 Postal code 80100 Patron Saint Januarius - Day September... The Greek name for the rainy, stormy southeast wind. ...

External links

References

^ Ferretti Group. Press release, Oct. 20, 2006. Retrieved on November 6, 2006.
^ Ferreti Group. Press release, Nov. 3, 2006. Retrieved on November 6, 2006.
^ ^a ^b Ferretti Group. Press release Oct. 9, 2006. Retrieved on November 6, 2006.
^ All data provided are consolidated financial statements as of August 31, 2006, which were prepared in accordance with International Financial Reporting Standards (IFRSs).
^ MSNBC. Bidding war set off for Ferretti yachts. Retrieved on November 9, 2006.
^ ^a ^b Class 1 UIM World Powerboat Championship. Data Archive. Retrieved on November 9, 2006.

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