A year of growth and success
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-meter segment alone, another sharp increase on last year’s figure. Another achievement worthy of mention is the slew of 17 international awards won by the Group during the year, bringing the total number of awards obtained by the two Azimut and Benetti brands over the last five-year period to more than 50. In the upcoming three-year period (2019-2021), €122m will be invested, of which €28m in production capacity and the remaining €94m on the development of 10 Azimut Yachts and 7 Benetti models to renew the range. The achievements reported this year, and throughout the Group’s history, are the result of an enterprise approach founded on stability and driven by the farsighted vision of the ownership.
Photo by Azimut|Benetti