Ferretti Group: Buyback under discussion and new growth prospects for 2025

Ferretti Group remains at the center of attention in the yachting and financial sectors. During a recent press meeting in Milan, CEO Alberto Galassi outlined the group's strategic vision for 2025, calling it "the year of growth through acquisitions." At the same time, management is evaluating the possibility of a buyback plan, meaning the repurchase of its own shares.

Buyback: A Strategy on the Board’s Table
Galassi confirmed that the board of directors is still discussing a possible buyback of up to 10% of the group's shares. This operation, which could strengthen the stock value and corporate control, was not feasible in April 2024 due to Hong Kong Stock Exchange regulations that mandated the cancellation of repurchased shares. However, with recent regulatory changes, Ferretti is now assessing the feasibility of such an operation.

Shareholder Movements and Speculations on LVMH
Another crucial topic concerns the position of the Chinese shareholder Weichai, which currently holds 37.5% of Ferretti’s capital. While in the past it owned 89% of the company, Galassi stated that he has no information on whether Weichai intends to further reduce its stake.

Regarding rumors of a potential interest from luxury giant LVMH, the CEO denied any official contact. "We knew nothing about it," he stated, though he acknowledged that collaborating with such a prestigious brand would be valuable. However, he ruled out any ongoing negotiations for LVMH to enter the company’s shareholding structure.

2025: A Year of Growth and Acquisitions
Beyond internal financial strategies, Ferretti is determined to pursue expansion opportunities. Galassi described 2025 as "a year of opportunities," highlighting that the group has €125 million in cash and is debt-free. Currently, three acquisition dossiers are under review, all relating to businesses complementary to the Composite Yachts and Made-to-Measure Yachts segments. The goal is to finalize at least one acquisition within the first half of the year.

Regarding growth projections, Galassi stated that the first quarter of 2025 has delivered reassuring results and that the group aims to complete a major acquisition by the end of the year.

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