Azimut|Benetti Group has announced its fiscal projections for the 2024/25 nautical season, forecasting €1.5 billion in revenue, a 15 per cent increase from the previous season.
According to the report shared by the Italian company, the group has secured €2.5 billion in orders since January 2025, which is expected to sustain production through 2029.
The builder attributes the strong fiscal figures to its core strategic roadmap: upgrading infrastructure – investing €115 million into renovating all its Italian production facilities, evolving and expanding its product offerings from both Azimut and Benetti to appeal to both seasoned yacht owners and newcomers to the market, and growing in key markets.
Examining the order portfolio’s regional breakdown, the Middle East was characterised as the market witnessing the fastest growth and the highest concentration of new buyers. Along with the Asia-Pacific region, the segment share of distribution has risen by eight per cent year-over-year, to 31 per cent. The group attributes this growth to its increasing local presence and improved sales network. Notably, Saudi Arabia is cited as a profitable market, adding €300 million in sales over the past 24 months. Note: Saudi Arabian sovereign wealth fund Public Investment Fund owns 33 per cent of Azimut|Benetti Group.
Elsewhere, Europe continues its dominance, accounting for 38 per cent of the share. Azimut boutiques in Palma de Mallorca and Monaco underscore the builder’s strategic presence in key international yachting hubs. Rounding out the geographical pie is the Americas region with 31 per cent. The group stated that challenges in the market affected growth, despite the company commanding “a position of leadership” in this category. Plans are underway to introduce two new boutiques at Pier Sixty-Six in Fort Lauderdale this Autumn.