Ferretti Group Cuts Profitability Guidance as Nine-Month Profit Falls
Ferretti reported nine-month 2026 revenue of €888.6 million, broadly in line with the prior year, and net profit of €49.9 million. Third-quarter orders grew 6.6%, while backlog fell 11% year over year to €1.33 billion. The company confirmed its 2026 revenue estimates but lowered profitability expectations.
Ferretti Group announced its financial results for the first nine months of 2026, showing revenue of €888.6 million, which is largely in line with the previous year, while net profit declined to €49.9 million. Although the company saw a 6.6% growth in orders during the third quarter, the total order backlog as of September 30, 2026, stood at €1.33 billion, an 11% decrease from the €1.5 billion reported in September 2025. Management confirmed revenue estimates for 2026 but revised profitability expectations downward, citing geopolitical uncertainty and longer customer decision-making processes.
CEO Stassi Anastassov emphasized the need to improve margins through value-based pricing, product mix optimization, and increased industrial efficiency.