Azimut Benetti expects revenues of €1,5 billion in 2024/2025
The group led by Giovanna Vitelli expects 15% growth and order backlog to 2029, driven by a €115 million investment plan, new product categories, and new markets.
At the end of the 2024/2025 nautical season, the Azimut|Benetti Group expects revenues of €1,5 billion, up 15% compared to the previous year and in line with the objectives outlined in the business plan. The backlog acquired from January 1, 2025 – amounting to €2,5 billion and extending to 2029 – highlights the strength of the order book and reinforces the consolidation target for the 2025/2026 financial year. Three factors have driven this growth: infrastructure investments, product innovation, and a geographically balanced market presence with developments in new high-potential areas.
According to a statement released by the shipyard, the infrastructure investment plan encompasses all of the Azimut|Benetti Group's Italian operations and includes work on production sites and office buildings, with a total value of €115 million between 2024 and 2027. The goal is to expand the shipyards, expanding the Avigliana facility to handle vessels up to 28 meters, and expanding the areas dedicated to high-value activities, such as refit projects carried out by the Lusben division. The insourcing of strategic work processes is strengthened with two specialized centers: the Light Steel Hub, dedicated to steel processing for vessels under 45 meters, and the Composite Hub in Tuscany for megayachts, focused on the transformation of fiberglass and carbon fiber. The expansion of the industrial facilities will consolidate the Group's leadership in the high-end segment, affirm its primacy among a new generation of shipowners, and introduce stylistic and technological innovations capable of interpreting contemporary lifestyles.
The Group's industrial and innovation strategies aim to consolidate its presence in all international markets, ensuring a balanced and competitive presence. Even in a context of increasing socioeconomic volatility, the backlog confirms a balanced geographical distribution among the main regions: 38% in Europe, 31% in the Americas, and 31% in the EMEA-APAC region. The Middle East, which, along with APAC, has risen from 23% to 31% of the order book, remains the fastest-growing region, with the highest concentration of new shipowners. This trend is driven by targeted investments to consolidate the Group's presence in the region, strengthen the sales network, and open high-potential markets. Saudi Arabia is the most emblematic case in point: over €300 million in sales in the last 24 months and two new offices soon to open: Azimut in Jeddah and Benetti in Riyadh.
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