Azimut Benetti touts ranking in Global Order Book - Trade Only Today

Azimut Benetti touts ranking in Global Order Book

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Azimut Benetti Group said the Global Order Book 2018 has ranked the company as the world’s top builder of yachts of more than 78 feet this year for the 18th year in a row.

The group said it has a record 9,317 feet of Azimut Yachts and Benetti-branded yachts larger than 78 feet under construction at its six yards.

“For us, Italian style isn’t just a question of taste, but more an approach to work,” Giovanna Vitelli, group vice president, said in a statement. “We are proud to have achieved such a prestigious milestone for the 18th time running and proud to be an expression of that successful Italian entrepreneurial spirit which is appreciated the world over. It is a business culture nurtured by a set of essential assets, including ongoing reinvestment of profits to fuel growth, respect for the company’s people and partners and the possibility of working with a medium- to long-term vision of the business.”

“Such long-lasting success can only spring from consistency and continuity,” adds Paolo Vitelli, group president and founder, “fed by ongoing work to develop and improve products and production processes, by project excellence and by the industrial and financial soundness of our shipyards.”

The group said its innovations include series production with the extensive use of carbon fiber and a technical partnership with Rolls-Royce to develop a cutting-edge propulsion system with a 15 to 20 percent reduction in fuel consumption and greater on-board comfort.

The group said it closed 2016-17 reporting the value of production at $841.2 million, continuing the growth trend of the last five years (up 20 percent from 2011-12 through the current period).

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