Ferretti Group has reported a revenue of €363m in 2015, up 57% compared to the previous year.

Sales in the Europe/Middle East and Africa region accounted for 59% of the total group sales. The Americas represented 23% and Asia Pacific 23%.

“The Ferretti Group is completely changed from two years ago in terms of sales, revenues and overall success,” CEO Alberto Galassi told a press conference at Boot Dusseldorf.

“We also a have positive cashflow and all this has been brought about over the past two years. The figures show that Ferretti is now the second biggest builder in the world,” he claimed.

Continuing its three-year programme of new launches Ferretti introduced the Ferretti Yachts 450 marking a return of the group to the flybridge model under 15.3m(50ft).

This model offers a completely new hull line and two internal  layouts of a full-beam master and one VIP cabin or two guest cabins. The first one is in build and will maker her debut at Cannes in September this year.

A new Ferretti 850 has been developed and it will be introduced to the market at an event in Monaco followed by the Cannes show.

This 24m (80ftft) plus model also has a new hull and superstructure and offers an accommodation mix of one full-beam master, two VIP cabins and one guest cabin.

The third new model announced in Dusseldorf is the Pershing 5X, which aims for the company to reinvent the 15.3-18m (50-60ft) market.

This coupe-styled yacht is described to be a step forward of the design philosophy that produced the Pershing 70 and Pershing 140. It comes with two engine options with two Volvo or two Cat packages offering a top speed up to 45 knots. This model too will be shown in Monte Carlo and Cannes.

Exhibiting at the German show, the company has on display the Ferretti Yachts 550 of which eight have now been ordered or delivered. Also on display is the Riva 19m (63ft) Virtus, Riva Iseo and Aquariva Super and the Pershing 50.1.

Looking ahead of 2016 the group is confident of a positive year with more increased sales coming from the investment in product development and launches.

“We understand that the Royal Bank of Scotland stake has now been sold to a private equity group but on our record it is still down as the RBS.” Galassi told IBI. He also hinted that the group will announce plans to start building in China at a facility in Zhuhai shortly.