Azimut Benetti launches a 160 million investment plan over three years

Azimut Benetti has launched an investment plan worth a total of EUR 160 million for the three-year period 2025-2027 to support the company's strategic priorities. This was explained by the CEO of the nautical group, Marco Valle, at the Cannes yachting festival, adding that "the order portfolio acquired, as of 1 January 2024, amounts to 2.6 billion euro and will be developed until 2029".

Within the plan, the main objective, for which 99.3 million euros are earmarked, is to increase the production capacity of all of the group's construction sites, in order to meet the important order portfolio, and further development in terms of automation and implementation of new technologies. The company's headquarters, starting with the historical headquarters in Avigliana (Turin), Valle said, will also be renovated, designed by Amdl Circle and architect Michele De Lucchi.

A further 43.2 million will be concentrated on r&d activities and the development of new products, "with the aim of continuing to enrich the world's largest fleet with yachts that are innovative in terms of technological and design solutions". A further 13.9 million, finally, will be spent on digitisation projects, with virtual reality increasingly involved in prototyping and design activities, but also in discussions with the owner, both in the purchase and configuration phases of the yacht.

The conspicuous order book, will allow, explained Valle and Giovanna Vitelli, whose family controls the group, 'to outline a positive scenario for the future of Azimut Benetti and to guarantee double-digit growth also for the year 2024-2025, with a target set at 1.5 billion euros in revenues'.

As far as economic data is concerned, the yard ended the last boating season with a steadily increasing trend, which saw the group's revenues rise from EUR 840 million in 2020-2021 to EUR 1.3 billion in the 2023-2024 financial year, registering a growth of 55% over the last four years.