Bloomberg Reports Consob Seeks Ferretti Asset-Valuation Clarifications

What Bloomberg reported about the regulator’s request

Bloomberg has reported that Italian markets regulator Consob asked Ferretti to explain the analysis behind its assessment of asset values in the group’s half-year accounts. The request was said to have been made in a letter dated 10 September 2026, following a reduction in the yacht builder’s full-year guidance.

According to Bloomberg’s account, republished by Press Mare on 15 September, the regulator sought information on why the company did not identify impairment indicators requiring a test at 30 June. The letter has not been independently reviewed by Superyacht Guide, and neither a finding of misstatement nor an asset write-down has been established by this reporting.

The company’s confirmed first-half results

In its 31 July financial release, Ferretti reported first-half order intake of €341.4 million, compared with €467.3 million in the corresponding 2025 period. The approximately 27% decline is an independently checkable company figure, not an assertion about the outcome of the regulator’s reported enquiry.

Ferretti also reported €585.6 million in new-yacht revenue, €37.9 million in net profit and a €95 million net cash position at 30 June. Its net backlog stood at €564.9 million, versus €760.8 million one year earlier, while management said prolonged customer decisions and intensified competition affected order intake.

Impairment questions and order-book detail

An impairment test compares the recoverable amount of assets with their carrying amount in financial statements, potentially resulting in an accounting write-down where recoverable value is lower. Asking a company for the assumptions supporting a decision not to test does not by itself mean the regulator has concluded that the assets are overstated.

Bloomberg also reported that Consob wanted updated information on new orders, cancellations, suspensions and delays, together with details relating to distribution arrangements in the United Arab Emirates. Those requests remain attributed to Bloomberg’s account rather than a public statement from Consob or Ferretti confirming every item of the correspondence.

What investors and the yacht industry can verify next

The reported review follows Ferretti’s own acknowledgement of a more difficult sales environment in the first half, while the company described its challenge as principally commercial rather than financial. This distinction matters because an order decline, balance-sheet valuation and actual liquidity are separate measures that should not be conflated.

According to the media report, the company was given ten working days to provide information following receipt of the letter. A substantive response, any formal regulatory conclusion and any accounting adjustment have not been verified at publication, and later disclosures should be checked before drawing conclusions about the outcome.