On the eve of its main show on the Cannes Yachting Competition, Azimut|Benetti Group forecasted income of €1.5 billion for FY 2024/25 (September-August), a rise of 15 per cent on the earlier monetary 12 months.
The corporate additionally introduced that its backlog secured since January 1, 2025, stands at €2.5 billion and extends into 2029, which “testifies to the solidity of the Group’s order e-book and reinforces the consolidation goal for the 2025/26 monetary 12 months”, in response to the corporate.
The backlog is unfold throughout the three major goal markets, with 38 per cent in Europe and 31 per cent in each the Americas and MEA-APAC, the latter rising from 23 per cent of the order portfolio a 12 months earlier due largely to progress in Center East orders.
Regardless of a broadly perceived market slowdown for the reason that post-pandemic growth years, the Group acknowledged that it achieved its progress aims as a result of funding in each infrastructure and product innovation, plus a market strategy “that goals to consolidate a geographically balanced presence and penetrate new high-potential areas”.
Azimut|Benetti Group is investing €115 million from 2024-27 throughout all its websites in Italy, which incorporates increasing the Avigliana web site to construct yachts of as much as 28m and increasing the areas devoted to high-added-value actions such because the refit initiatives undertaken by the Lusben division.
Along with renewing their core ranges, each manufacturers are investing in new classes – together with Azimut’s Seadeck Sequence and Benetti’s Oasis and B.Yond ranges – “able to attracting newcomers and new generations in addition to skilled house owners”.
When it comes to markets, Azimut|Benetti Group described the Center East as the world with the “quickest progress and highest focus of potential new clients”. In Saudi Arabia, the place the Group recorded €300 million in gross sales over the previous 24 months, the corporate plans to open an Azimut workplace in Jeddah and a Benetti workplace in Riyadh.
In Asia-Pacific, Azimut|Benetti Group is represented immediately and thru a large community of sellers throughout Japan, mainland China, Hong Kong, Taiwan, Singapore, the Philippines, Vietnam, Australia and New Zealand.
Azimut|Benetti Group described the Americas, and the US particularly, as each “a springboard for the Shipyard to realize formidable targets” and “presently essentially the most difficult space due to the brand new import tariffs”. The Group is quickly opening unique Azimut and Benetti boutiques at Pier Sixty-Six in Fort Lauderdale.
For extra info go to, azimutyachts.com, benettiyachts.com
This text was first seen on YACHT STYLE.
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