Azimut-Benetti Group recently released the following statistics about the staggering amount of growth they have seen throughout the year, proving 2018 to be a large success:
● Value of production estimated at €850 million (+18%)
● 261 boats sold
● Leadership of the segment over 24 meters with sales up 20%
● 17 awards won
● €122 million investments in the three-year period 2019-2021 to extend the range
These aren’t the only statistics that boast how far the company has come within such a short time period. The manufacturer has sold a total of 14 yachts within the last six months and his three Gigayachts under construction, one of which will be the world's largest hybrid.
The main markets for the group 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.
“As our fiftieth anniversary in business approaches, I am very proud of our achievements, and now more than ever I think that the complementary nature of Azimut Yachts and Benetti is a key asset,” said Paolo Vitelli. “Benetti will continue to pursue its tradition of excellence, with a management team strengthened by professionals of proven management experience and skill and multiple unique projects in the pipeline. In parallel, Azimut will continue to grow and consolidate its positioning, ensuring that the Group’s overall range continues to be the broadest and most comprehensive in the world. I am also delighted with the excellent performance reported by the other companies in the Group (Fraser, Lusben, Yachtique and the Marinas), which contribute to making us a uniquely distinctive player on the market”.
Fraser Yacht, wholly-owned by Azimut-Benetti Group after its acquisition in 2017, has come another source of provide for the manufacturer. Fraser 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 meters, 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.
The Marina operations owned by the Group also reported good performance and will shortly be joined by a beautiful new arrival in La Valletta (Malta). A new company will also be established at the site under Maltese law to finance the purchase of Azimut and Benetti yachts through local leasing contracts.
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, which has always pursued management continuity, professionalism and profound respect for the customer as the company’s fundamental values.
“I think the stability we have achieved at Group level is the premise for ongoing organic growth,” confirmed Giovanna Vitelli “Our distinctiveness, the result of our courage and daring in introducing new technology and design solutions, represents the added value that the market continues to recognise in us”.
ABOUT AZIMUT |BENETTI GROUP: Azimut|Benetti is the world’s largest and most highly-reputed builder of yachts and mega yachts. With operations in 68 countries and a network of 138 sales and customer service offices, the Group embraces the successful Azimut Yachts and Benetti brands, each dedicated to a different market segment. Included in the Group is Yachtique, a division focusing exclusively on services reserved for shipowners, lead by Fraser Yachts, specialized in brokerage and leasing activities.
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