MILAN — Azimut|Benetti Group, which is known for its luxury yachts coveted by the world’s rich and famous saw its sales boom, reaching an all-time high.

Boosted by orders worldwide, and rapid growth in Middle Eastern nations like Saudi Arabia, the privately owned company said it forecasts a 15 percent rise in sales when it reports its fiscal 2024-25 year ended Aug. 31. That would bring sales of its luxury vessels to 1.5 billion euros in the 12-month period. This figure was in-line with a company forecast issued in 2024.

Since Jan. 1, it booked 2.5 billion euros in orders, a value that will continue to contribute to its earnings until 2029.

Amid a challenging macroeconomic climate and penalizing trade policy imposed by U.S. President Donald Trump, the Avigliana, Italy-based fi

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