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Azimut-Benetti executive vice president Giovanna Vitelli

€700M in Benetti’s order book after strong first quarter

28 April 2021By Nic Robinson

Italian builder Benetti boasts an order book of 34 superyachts worth €700M , equating to a value of over €1bn for the Azimut-Benetti Group, new figures reveal.

For the first quarter of 2021, according to BOAT Pro data, the group delivered 11 superyachts, while April has so far seen three additional yachts delivered.

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The number of deliveries is in line with the first quarter period for 2020, which saw 12 deliveries, but is up on 2019 and 2018 levels which saw eight and six deliveries respectively.

Azimut-Benetti's historic sales

Benetti’s strong sales have been linked to an increase in its customers’ needs to have a sense of freedom, safety and escapism following the coronavirus pandemic, “which can only be enjoyed at sea”, the company claimed.

“Benetti has seized this market moment with a wide range of new generation models to consolidate the boom in sales,” a statement read.

Customers, according to the group, are buying from the company’s composite megayacht division (29-40m) as well as the custom steel division (50-70m) which alone has sold 15 units.

The group also highlighted the success of its Benetti Oasis 40m range, saying the number of moulds used for production had to be doubled. Following the popularity of the Oasis 40m range, a smaller sistership will also be introduced soon.

Other successful models highlighted by the group were the Benetti Motopanfilo 37m and the four-deck explorer Benetti B.Yond 37m, which is under construction and said to be the most “eco-sustainable” yacht available in the segment.

Azimut-Benetti executive vice president Giovanna Vitelli said: “We are deeply grateful for the diligent collaboration between the management, workers and all the representatives of the supply chain, who have dependably supported us.

“I am proud that the Azimut-Benetti Group represents through the tangible sign of its results and excellence.”

Group CEO Marco Valle added: “Now that we’ve triumphed over the challenging international markets, we must keep our attention focused and continue to pursue the equally demanding work at hand – production continuity in full respect of the health and safety of those who work with us.”

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