UniCredit and SACE, together with SIMEST, the CDP Group's Export and Internationalization Pole, have finalized a financing operation to support Ferretti Group in setting up new foreign commissions.
The 35 million credit line, provided by UniCredit and guaranteed by SACE, is designed to support the Emilian-Romagna Group's working capital requirements for the execution of foreign orders for yachts and pleasure boats.
Attorney Alberto Galassi, CEO of Ferretti Group, declared: «UniCredit and SACE are supporting the growth of the Ferretti Group. The new credit lines will be used for the construction of boats destined for the world market. The Ferretti Group is enjoying extraordinary commercial success that will allow the Company to close the year with a total order intake of over 400 million euros, confirming and consolidating the extraordinary result already achieved in 2016 with the return to double-digit profit. . The Group is continuing its strong commercial penetration at international level: the Europe - Middle East - Africa area contributed for 53% of new orders, the Americas for 28% and the Asia Pacific markets for 19%. The growth of the group and of exports requires, for a complex product with medium-long lead times, the support of experienced, solid and reliable financial partners. UniCredit and SACE are working together with the Ferretti Group, supporting the growth and success of an Italian industry leader in the world nautical market ».
With this operation, UniCredit and SACE confirm their commitment to Italian nautical shipbuilding companies, an area where Made in Italy plays a global role globally. In particular, SACE has supported Ferretti Group on several occasions providing the necessary guarantees to the company for the preparation and execution of foreign orders.
