on 26 Jan 2024
The new Riva El-Iseo is a 9-metre runabout, based on the Riva Iseo, which uses a fully electric motor.
Ferretti Group has taken a fleet of six boats to this year’s edition of the boot Düsseldorf boat show, which is currently taking place in Germany.
The group’s boot line-up this week features two world premieres: the Riva El-Iseo, the brand’s first fully electric model, and the new Wallypower50, a versatile and high-speed Wally weekender.
The rest of the fleet at the show comprises the Ferretti Yachts 720, Dolceriva, Riva 66’ Ribelle and Pershing 7X.
The Riva El-Iseo was presented in prototype form last September at the Monaco Yacht Show. Now, after successfully completing the final test cycle, the official version of the first Riva model created for the e-luxury segment is ready for sale.
The new Riva El-Iseo is a 9-metre runabout, based on the Riva Iseo, which uses a fully electric motor and high-density lithium battery pack with a capacity of 150 kWh split into two independent blocks. It’s the brand’s first electric yacht.
On board, the stylistic hallmarks typical of Riva, such as the polished mahogany and the stainless steel detailing, go hand in hand with the modern and linear design of the helm station, creating a contrast between traditional and contemporary.
Riva El-Iseo has a Parker GVM310 full-electric engine from Parker Hannifin, and a high-energy-density lithium battery pack supplied by Podium Advanced Technologies with a capacity of 150 kWh and a voltage of 800.
Ferretti financial results
“Ferretti Group’s 2024 kicks off under the banner of innovation and sustainability, the two main coordinates for the future of yachting,” said Ferretti Group CEO Alberto Galassi during the boot Düsseldorf press conference.
Galassi highlighted that, for the first nine months of 2023, Ferretti Group reported revenues of €856.4m, up 9.8 per cent on the first nine months of the previous year, and adjusted EBITDA of €124.8m, an increase of 17.7 per cent on the first nine months of 2022.
He also revealed that 2023 was also a year of major new developments in terms of production capacity, with a 20 per cent rise in global surface area as a result of recent redevelopments and acquisitions that added over 425.4 thousand square metres in the first half of 2023 (compared to a total of 355.4 thousand square metres at the end of 2022).
The year 2023 was particularly important for Ferretti Group, which completed a dual listing on Euronext Milan following its debut in Hong Kong.
Ferretti Group is now a public company, with over 50 per cent of the share capital traded on the market, supported by qualified Italian and international investors.
“El-Iseo, Riva’s first full-electric powerboat, is proof that the world’s most highly renowned shipyard is also the one that rises to and wins the challenges of today,” says Galassi.
“Here at Düsseldorf, we also presented the world premiere of wallypower50, another groundbreaking addition to the Wally range. Sustainable development also means expanding our production capacity by creating spaces where people can work in the best possible conditions.
“With this in mind, in December, we officially opened the new area in the Ferretti Group Superyacht Yard in Ancona, and we are investing in the over 70,000 sqm production hub in Ravenna. Ferretti Group’s 2024 has only just begun and promises great things.”
The other Ferretti world premiere at boot 2024 is the Wallypower50, a practical yacht that fits the gap between the Wallytenders and the Wallypowers.
The versatile model stands out for its spacious optimisation both above and below deck, along with adrenaline-pumping performance allowing it to exceed 36 knots, making it ideal as both a chase boat and a weekender.
The wallypower50 broadens the Wally range, linking the open style of the wallytender43 and wallytender48 and the more generous spaces of the wallypower58. The resulting model satisfies a wide range of customers and usage scenarios: from support vessel to comfortable family cruiser.
The wallypower50 has a generous deck, especially with the bulwarks lowered, featuring two separate sunloungers in a configuration that provides an additional 6 square metres of space.
The raised cockpit can accommodate eight people under the hardtop and four more on forward-facing seats, while below deck, there is a spacious cabin to ensure a comfortable and versatile on-board experience.
The propulsion system features two Volvo Penta IPS650 engines that drive the wallypower50 to a top speed of 36 knots and a cruising speed of 30 knots.
This high-speed model in the Wallypower range is also available in an outboard version – the Wallypower50X – that manages an even higher top speed without affecting living comfort.
For more Yachting news click here.