
SUPERYACHT #7 Winter 2006
Article selected from our quarterly magazine dedicated to the largest
and most luxurious boats with information, interviews, technical
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Article by Fabio Petrone
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ONE YEAR OF CAMUZZI NAUTICA Orders portfolio increased by 500%
Exactly one year from the press conference that announced
the official arrival of the Camuzzi Group in the pleasure
boat sector, once more in Genoa and once more during the
Boat Show, Camuzzi Nautica called a press conference to
present the results achieved to date and its future
programmes. A year of successes and purchases involving two
traditional and famous yards, Baglietto and Cantieri di
Pisa. Twelve months in which the Tunisian joint venture for
the yard Generale Bateaux has been transformed into a 100%
ownership and business offices have been opened in Monte
Carlo and Dubai. Months passed in the name of general
growth, for a concern like Cantieri di Pisa which after only
six months from purchase could show net assets of 3.5
million euros, a trend which will culminate in 2006 with a
breakeven balance. It is significant that for the
achievement of this the yard was entrusted to a manager of
the calibre of Scaramuccia (an engineer formerly with Riva,
Swan etc.), a man of substance who has already amply
demonstrated his abilities. As regards Baglietto, in the
same period it has already delivered three new vessels - a
34 metre Fast Yacht Line, a 115 Hard Top and a 43 metre
planing yacht - as well as redesigning all of its after
sales, charter and dock services. This has contributed to
the significant economic results of the last twelve months
of management, above all Camuzzi Nautica's order portfolio
which has gone from 40 million euros to about 200 million,
with a declared increase of 500%. In the words of Camuzzi
International chairman Fabrizio Garilli: This is a result we
are very proud of, a success for which I thank the Camuzzi
Nautica Business and Marketing Manager Vincenzo Moccia,
Gaspare Borghini, who has re-launched Baglietto in the last
few years, and Scaramuccia who had the task of bringing the
Cantieri di Pisa back to full efficiency. Not to mention
Gerardo Diamanti, the Group's administrative and financial
director, and Giorgio Magrini and Franco Giorgetti who are
at the head of General Bateaux.
Other important financial results regarding forecasts for
2005 speak of +341% in terms of operational result and a
further 254% of gross profit. There are thirteen new vessels
to be delivered, 9 Baglietto (between 30 and 59 metres) and
4 Cantieri di Pisa (between 24 and 44 metres) and the yards
have commissions up to the end of 2008. Aggregate turnover
for 2005 is estimated at 80 million euros.
Important efforts have also been made to internationalise
the brand, understood as reinforcement of the dealer network
worldwide. One of the most important markets is Greece where
the Group will be delivering 5 new vessels in the next two
years. Another notable factor is the acquisition of 80% of
Mercurio (the rest remaining in the hands of the old
owners), a dealer with strong roots throughout the C“te
d'Azur, including Monte Carlo. Then the opening of new
business "fronts" in Europe, more precisely Spain, Germany,
the UK and Russia, which will be followed by extensive
consolidation action in the main international yachting
centres.
All this has also led to an increase in the Group's
workforce which has grown by 30 in the past year, while the
indirect workforce with partner companies has practically
doubled.
Ruggiero Massimo Iannuzzelli, who concluded the press
conference, was asked about Camuzzi Nautica's commitment to
the port activities sector, a commitment announced last year
but about which there are still many hypotheses. Iannuzzelli
confirmed a general interest, "as long as conditions are
created which at the moment don't exist," leading one to
believe that they are still waiting for the right deal. It
was then denied that Camuzzi Nautica intended to go public.
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