Superyacht News

News: Azimut-Benetti Group Overcomes the Global Financial Setback

May 6, 2010 by Superyacht News
View large version of image: Azimut-Benetti Group Overcomes the Global Financial Setback

Reports suggest that the superyacht market seems to be slowly picking up as it records a steady growth in sales especially with companies like Azimut-Benetti Group. Since the beginning of this year, the Azimut-Benetti Group has attained an optimistic output by maintaining a steady sales growth of 20% as compared to that of 2009. The workers at the shipyard engaged in various production sites resumed their full time work after dropping out of the wages guarantee fund at the end of March.

What distinguishes Azimut-Benetti from its counterparts is its aim and method of working. It has strongly devoted itself to come up with more than 30 new models – half of which will be longer than 100 feet over the next three years.

Off lately, Azimut-Benetti Group has also unveiled the latest Azimut Grande division which includes four new yachts of more than 30 meters set to join the Azimut Grande fleet. One of these yachts is also the Azimut 120 SL.

The worker morale has also witnessed a significant rise at the headquarters in Avigliana since the company began receiving orders for 90% of its budget which is about 50% higher than what they achieved in 2009. As on 30th March 2010, it holds a sound order portfolio which is just over halfway through the nautical year (1st September – 31st August). These statistics simply indicate that the Azimut-Benetti Group successfully sold 250 yachts (with reference to end sales) in contrast to the figure of 150 yachts achieved during the same time in 2009.

Thus, it is evident that the yacht industry is gradually coming out of the slowdown and more clients are expressing interest to buy yachts yet again. In addition to this, the Azimut-Benetti Group is quite certain of making additional sales and increasing the profit margins in the approaching months.

The Chairman of Azimut-Benetti, Paolo Vitelli believes that the company is back on track to set new and constructive records. Though they need to be a little careful about it, but at present are enjoying the incredible performance achieved due to the cumulative efforts made by the entire company which gave rise to better strategies.

Add a Related Photo | Add a Related Video 


No Comments - Share Your Thoughts

Leave a comment

You must be logged in to post a comment.

More Azimut-Benetti Group Overcomes the Global Financial Setback Information:

  1. Government support for Princess Yachts and its new Plymouth manufacturing facility
    Alex Lever

    News: Government support for Princess Yachts and its new Plymouth manufacturing facility

    November 2, 2011 by Alex Lever

    Plymouth based Princess Yachts International has won financial backing from the Government’s Regional Growth Fund (RGF) for a major investment in Plymouth’s Devonport dockyard. Plans to create a world leading …


  2. Superyacht Intelligence Agency launches global economic impact study
    BelindaL

    News: Superyacht Intelligence Agency launches global economic impact study

    July 25, 2011 by BelindaL

    The Superyacht Intelligence agency has launched a comprehensive study to assess the economic impact of the superyacht arena. Thousands of superyacht industry members are being encouraged to take the online …


  3. Australian Nautical Leisurewear Brand ‘Shock & Oar’ returns to its yachting roots
    ShockandOar

    News: Australian Nautical Leisurewear Brand ‘Shock & Oar’ returns to its yachting roots

    January 10, 2011 by ShockandOar

    After two years in the Australian fashion marketplace, nautical leisurewear brand ‘Shock & Oar’ is returning to its roots with plans to take the brand to the US and European …