Azimut Benetti confirms €1.2 billion order book

Azimut Benetti has confirmed its order book has increased three-fold compared to the previous season and now stands at €1.2bn, with €508m taken in the last three months. 

As of 31 August, the value of production stood at €850m, up to €100m on the previous year.

The company says that “despite one or two physiological production slowdowns, due to shift organisation issues resulting from anti-covid policies, and the more recent procurement problems in the supply chain, the group has happily seized the moment of commercial exuberance that has characterised the last six months, with its two Azimut Yachts and Benetti brands delivering a total of 245 boats.”

The group reports that ten of Azimut Yachts’ new flagship, the Trideck, have been sold ahead of its official debut at Cannes 2021, while there have been 14 Benetti Oasis 40M sold in the 2020/21 season, and 30 Verve 47s sold in the year just ended. 

Azimut Benetti says that while sales are balanced across the three main continents, the APAC region has leapt forward, rising to 15 per cent of total sales.

“I close my first year as group CEO,” says Marco Valle, “fully aware that we have achieved the challenging objectives we set ourselves. I am also looking ahead to the upcoming season buoyed by the excellent order book, which has practically saturated production for the year that has just begun, and I am very confident that the new projects we are working on will allow us to continue along our organic growth path in the medium term too.”

Valle’s words were echoed by Giovanna Vitelli, group executive vice president: “It is a source of pride for me to see that the industrial strategy defined by the company, based on the development of products that are increasingly innovative and visionary, continues to prove successful. Today our biggest challenge is to continue our research into environmental sustainability. After definitively achieving our goal of reducing consumption (by at least 40 per cent) and therefore emissions, through the use of carbon fibre and optimised hulls and propulsion systems, we are working on other technical solutions to offer yachts that are ever more respectful of the environment.”

The group confirms investments in research and development of over €100m in the three-year period.

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This article was written and/or edited by the UK-based MIN team.

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