(September 29th, 2017) UniCredit and SACE, together with Simest, the CDP Group’s Export and Internationalization Pole, have finalised a financing operation to support the Ferretti Group in setting up new foreign commissions. The 35 million euro credit line, provided by UniCredit and secured by SACE, is aimed at supporting Emilia-Romagna Group’s working capital requirements for the execution of foreign orders for yachts and leisure boats. Alberto Galassi, Managing Director of Ferretti Group, said: “UniCredit and Sace are supporting the growth of the Ferretti Group. The new lines of credit will be used for the construction of boats for the global market. The Ferretti Group is generating a tremendous commercial success that will enable the Company to close the year with a total purchase order of over 400 million euros, confirming and consolidating the extraordinary result already achieved in 2016 with the return to the two-figure profit. The Group is continuing strong commercial penetration at the international level: Europe – Middle East – Africa area has contributed to 53% of the new orders, North and South America 28% and the Asia-Pacific markets 19%. Growth of the Group and exports requires a solid and reliable support of financial partners for a complex product with medium-long lead times. UniCredit and SACE are joining with the Ferretti Group, supporting the growth and success of a leading Italian industry in the global nautical market”.
