SHARE
Azimut-Benetti tops 2024 Global Order Book
SHARE
For the 24th successive year, Italy’s Azimut-Benetti Group has led the Global Order Book’s ranking for builders of 24m-plus superyachts.
CGI of Benetti B.Now 67M
The Azimut-Benetti Group has retained its position as the world’s most prolific manufacturer of 24m-plus yachts after securing top spot in the 2024 Global Order Book, which features data from 177 shipyards worldwide and is produced by Boat International magazine.
Azimut-Benetti, which has shipyards in Varazze, Viareggio and Livorno, tops the lists for both number of units under construction and the cumulative length of projects. Its 167 yachts totalling 6,014m represents 14 per cent of the world market, according to the publication. Sanlorenzo is second with 132 projects totalling 4,503m.
Among megayacht-focused builders, Dutch shipyards Feadship and Damen Yachting are third and sixth respectively, while Germany’s Lürssen is fourth.
Top builders of 24m-plus superyachts: C/O of Boat International Media Limited
The Italian Sea Group, which includes Tecnomar, Admiral and Perini Navi, is fifth, while Italy’s Overmarine Group (Mangusta) is eighth. British builders Princess and Sunseeker are seventh and ninth respectively, Taiwan’s Ocean Alexander is 10th, while Polish catamaran builder Sunreef is 11th.
Azimut-Benetti underlined its growth in 2023 with the Group’s record results for the financial year ending August 31. Production value grew by over 23 per cent compared to the previous year, while there was a 50 per cent increase in EBITDA (earnings before interest, taxes, depreciation, and amortization), which is used as an indicator of overall profitability.
Following consistent growth, the Group’s production value has nearly doubled in the last five years, from €700 million to €1.3 billion, with an order portfolio extending until 2027. Direct employees have grown 24 per cent in the last three years to 2,400.
CGI of Azimut Grande 30M
Over the next three years, the company is investing €150 million, including in support of the Group’s dedication to research and development, specifically focusing on solutions to reduce environmental impact such as the use of HVOlution, hydrotreated vegetable oil produced by Eni.
In collaboration with Lloyd’s Register and the Superyacht Eco Association, the Group is also actively promoting the development of a public index to measure yacht efficiency. In the spring of 2024, the shipyard will present the first model in its Seadeck series, its first hybrid range.
The Azimut-Benetti Group also includes the Lusben refit facility in Livorno and the Yachtique styling studio in Tuscany. The company is still owned by the Vitelli family, with Saudi Arabia’s Public Investment Fund (PIF) and Italian private equity firm Tamburi Investment Partners (TIP) as minority shareholders.
