Boating industry: Azimut rides the economic recovery and breaks records

ISTOÉ Dinheiro describes how Azimut Yachts is riding the recovery of the boating industry: its plant in Itajaí (SC), the group's only factory outside Italy, posted record revenue of R$500 million in the 2022/23 boating year, with 42 vessels, and targets R$550 million and 47 boats in 2024. The article cites projections by Acobar and TCP Partners, an investment and management boutique, under which production of recreational boats (motorboats, sailboats, yachts and jet skis) should reach 8,600 units in 2025, almost double 2019. The segment generated R$2.5 billion in 2022, 25% more than in 2021.