13 September 2018
It has been an excellent year for Azimut|Benetti Group, led by Paolo and Giovanna Vitelli, which closed the accounting period with value of production estimated at € 850 million (+18% on the previous year at constant exchange rates) and an adjusted EBITDA of € 50 million. Volumes are also up and stand at 261 new units.
Against this positive backdrop, sales in the Megayacht sector represent a standout result, with 68 orders in the 24 to 40-metre segment alone, another sharp increase on last year’s figure.
The strengthening of the Group’s position in this segment, confirmed by its placing at the top of the Global Order Book ranking announced last December for the 18th year running, is attributable to the commercial success of the Azimut Grande range, and the 35 and 27-metre models in particular, with 10 and 21 units sold respectively since their market debut, and of the Benetti range, which as well as boasting a full 14 yachts sold in the last six-month period has three Gigayachts under construction, all at an advanced stage of fitting out and one of which will be the world’s largest hybrid yet built.
The main markets are the Americas, which account for 38% of sales, followed by Europe with 33%, the Middle East with 16% and Asia Pacific with 13%. In South America, the success of the Itajai shipyard in Brazil deserves a special mention, increasing its value of production by 24%, with 36 yachts built, and bucking the trend reported by many European players who have decided to abandon the country.
Another source of great satisfaction is Fraser Yacht, wholly-owned by Azimut|Benetti Group after its acquisition in 2017, which reported a record year and continues to lead the world professional broker rankings for the 8th year running. During the year, Fraser sold more than 50 yachts over 24 metres, almost twice as many as most of its top ten competitors in the industry. Fraser also represented the largest yacht sold, the 106-meter Ulysses.