Azimut-Benetti reports gains in production, sales

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Azimut-Benetti Giga yacht FB275 (4) high res

The Azimut/Benetti Group reported that it closed it fiscal 2018/2019 year with a value of production at about $995 million (900 million euros), up about 10 percent from the previous fiscal year. It said it delivered 260 boats during the last 12 months.

The company said in a statement that the Americas represents 50 percent of companywide sales, while Europe stands at 29 percent, the Middle East and Africa 14 percent, and Asia Pacific 7 percent. The Azimut Yachts brand is the best-selling boat brand over 40 feet in the U.S. market, according to U.S. Coast Guard registrations.

The company sold 51 megayachts (above 75 feet LOA), with 35 from Azimut Yachts and 16 from Benetti. Azimut/Benetti remains at the number one position in Boat International’s Global Order Book, which measures superyacht builders around the world by the total lengths of hulls under build.

At this year’s Cannes Yachting Festival, the company launched three new models: The Azimut S10, S8 and 78 Fly. It said the new Verve 47 would be at the Miami Boat Show in February 2020, and the Grande Magellano 25 is planned to launch next spring in Italy at the Art Yacht Project version by Vincenzo de Cotiis.

“This wonderful year has made me both happy and proud, as well as keeping us busy on so many fronts: new collaborations, new products, the Giga Season, our Azimut S6 at Times Square, and so many moments with our customers all around the world, who have testified to their confidence and esteem,” said Giovanna Vitelli, Azimut-Benetti Group vice president, in the statement.

The company said it will launch a 125-foot (38-meter) Trideck, the largest yacht ever built by Azimut Yachts. Three units have already been sold. That will be followed by a 98-foot (30-meter) flagship in its Magellano collection.

Vitelli noted that Benetti launched three gigayachts (over 328 feet) in the space of just 100 days this year, with the 354-ft. flagship delivered last July. The other two are waiting for delivery.

The company has also sold 10 yachts in the last 60 days, according to Vitelli. Benetti will be adding new models to the line, including retro-looking “Smart Traveler” superyachts from its B.yond project. That group will be comprised of three models (98-, 121- and 144-feet) with the 121-footer planned for launch in 2021.

The company said it expects to invest $127 million over the next three years to develop new products and upgrade production capacity.

“With the collaboration of a competent and capable management team, we are looking forward to a new season, confident that our business model will continue to bring rewards,” said Vitelli. 

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