The Azimut|Benetti #1 in yachting industry

The company led by the Vitelli family is confirmed as the world’s leading yacht manufacturer, with a 14% share of the world market, a 23% increase in production value and Ebitda up by 50%.

The Azimut|Benetti Group retains its position as the world’s leading manufacturer of yachts over 24 meters, firmly securing its top spot in the Global Order Book edited by Boat International magazine. This book annually collects and analyzes data from 177 shipyards worldwide. The 2024 edition awards the Group first place for both the number of units under construction and the cumulative length of projects: 167 yachts totaling 6014 meters, representing 14% of the world market examined by Boat International.

These figures are corroborated by the Group’s record results for the financial year ending August 31st, 2023. Production value grew by over 23% compared to the previous year, and Ebitda increased by 50%. The Group’s resilience is further demonstrated by the consistent growth in production value, nearly doubling in the last five years—from 700 million to 1.3 billion euros—and the order portfolio extending until 2027. This success is a testament to the market’s preference for the Group’s stylistic and technological solutions, as well as its focus on fuel consumption and environmental impact.

These numbers, supported by excellent capital and financial solidity, enable the company to invest 150 million euros over the next three years. This commitment is accompanied by the Group’s dedication to research and development, specifically focusing on solutions to reduce environmental impact. Today, the Group proudly announces leading results in the boating industry for lowering CO2 emissions. This includes the first-of-its-kind agreement in the sector for the use of HVO biofuel. Encouraged by these results, the Group is actively promoting the development of a public index to measure yacht efficiency, in collaboration with Lloyd’s Register and the Superyacht Eco Association.

The extraordinary longevity of the Shipyard’s leading position can be traced to the status of private family company of Azimut|Benetti Group, led by the Vitelli family together with two quality minority shareholders – PIF and TIP – who hold a stimulus and control function: since its foundation, the ownership has pursued a coherent, resilient and sustainable business model, which is a long-term strategy focused on customer experience, constant product innovation and care for people. With the recent generational change – President Giovanna Vitelli taking the helm – the Group has undertaken a path of evolution that aims to further develop its managerial culture and governance, respecting the entrepreneurial DNA that continues to spur the success of the Company with rapid decision-making, a calibrated approach to growth and investments, and attention to the wellbeing of workers.