Ferretti exposed to Russia and Ukraine for less than 3% of its turnover
The order backlog as of February 28, 2022, amounts to 1.272 million euros
Ferretti Group, an Italian multinational shipbuilding company, has announced that its revenue exposure to the regions currently affected by the conflict is less than 3%. The Forlì-based group is not exposed to the mega and giga yacht segment, the primary focus for Russian elites targeted by international sanctions. Furthermore, to date, there are no sales to parties affected by such measures.
The company is monitoring market developments, "mitigating any risk thanks to its distribution model, which provides for payment based on the progress of construction and the ability to always relocate serial and semi-serial yachts thanks to the waiting lists existing for almost all models in the range," explains a statement.
The order backlog as of February 28, 2022, amounts to 1.272 million euros, with orders collected in the first two months of 2022 amounting to 308 million euros.
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