PowerYachtBlog
Well-Known Member
You gotta give it to Vitelli and Azimut, they never stop to challenge the market and some smart decisions seem to never stop.
Also most important is that Azimut-Benetti Group seems never to go the fancy finance realm as many others seem to do.
All seems solid with real investing in new sheds, marinas and a serious development program.
Will be interesting to have more info on the new Azimut 60 which should replace the current 60. Guess we gotta wait for that.
11% of the market from 10 to 120 meters is an important number.
Here is some quotes and nos;
Reporting 5% growth over the past year and 15% over the past two years, the Azimut-Benetti Group continues to expand its activities.
In order to maintain its position as the world’s largest luxury yacht builder, the group is planning a €100m investment programme to focus on product development and infrastructure.
Paolo Vitelli, Azimut-Benetti Group president and majority shareholder (88%), informed journalists attending its annual press conference that the value of production currently stands at €710m for 2015/16 compared with €682m for 2014/15 and €611m for 2013/14.
This is a 15% rise over the two years. Azimut-Benetti holds an 11% share of the 10m-120m (33ft-394ft) market, which it sees as growing at 4-5% a year, but the group is growing faster than that.
Vitelli described the group’s key to success as being a “constant focus on technical research and creative design, higher than average investments and a visionary spirit.”
As to the group’s vision, he pointed to Azimut-Benetti remaining a family concern as it has been for 47 years, along with a stable development strategy and a focus on innovation, technology and expansion.
Azimut-Benetti as a group is composed of the two separately branded build operations, each accounting for 45% of turnover, and the remaining 10% from its yacht services division which includes Fraser Yachts, Yachtique, Lusben Refit and its growing marina activities which now extend across Italy (Varazze, Viareggio and Livorno), Russia (Moscow) and its recently announced project in Malta.
A key element in fulfilling the vision is the three-year €100m investment programme which will focus on product development and infrastructure.
This will see a 15% increase over the €85m of the previous three-year investment plan which included a €20m spend on building two large construction halls to support Benetti producing superyachts of 100m (328ft) or more.
Currently the group is building three superyachts of 107m (351ft).
“We have the three 100m-plus yachts in build. The order book for yachts over 70m (230ft) extends to 2020/21,” Benetti’s COO, Fabio Ermetto, explains.
Also most important is that Azimut-Benetti Group seems never to go the fancy finance realm as many others seem to do.
All seems solid with real investing in new sheds, marinas and a serious development program.
Will be interesting to have more info on the new Azimut 60 which should replace the current 60. Guess we gotta wait for that.
11% of the market from 10 to 120 meters is an important number.
Here is some quotes and nos;
Reporting 5% growth over the past year and 15% over the past two years, the Azimut-Benetti Group continues to expand its activities.
In order to maintain its position as the world’s largest luxury yacht builder, the group is planning a €100m investment programme to focus on product development and infrastructure.
Paolo Vitelli, Azimut-Benetti Group president and majority shareholder (88%), informed journalists attending its annual press conference that the value of production currently stands at €710m for 2015/16 compared with €682m for 2014/15 and €611m for 2013/14.
This is a 15% rise over the two years. Azimut-Benetti holds an 11% share of the 10m-120m (33ft-394ft) market, which it sees as growing at 4-5% a year, but the group is growing faster than that.
Vitelli described the group’s key to success as being a “constant focus on technical research and creative design, higher than average investments and a visionary spirit.”
As to the group’s vision, he pointed to Azimut-Benetti remaining a family concern as it has been for 47 years, along with a stable development strategy and a focus on innovation, technology and expansion.
Azimut-Benetti as a group is composed of the two separately branded build operations, each accounting for 45% of turnover, and the remaining 10% from its yacht services division which includes Fraser Yachts, Yachtique, Lusben Refit and its growing marina activities which now extend across Italy (Varazze, Viareggio and Livorno), Russia (Moscow) and its recently announced project in Malta.
A key element in fulfilling the vision is the three-year €100m investment programme which will focus on product development and infrastructure.
This will see a 15% increase over the €85m of the previous three-year investment plan which included a €20m spend on building two large construction halls to support Benetti producing superyachts of 100m (328ft) or more.
Currently the group is building three superyachts of 107m (351ft).
“We have the three 100m-plus yachts in build. The order book for yachts over 70m (230ft) extends to 2020/21,” Benetti’s COO, Fabio Ermetto, explains.
