BREAKING NEWS 28.10.2024

In the press release dated October 28, 2024, Bellini Nautica SpA, a company founded in 1967 and leading a group active in the luxury nautical sector specializing in the production of Bellini Yacht-branded boats, as well as in trading new and used boats, restoration and trading of “Vintage Riva” boats, and offering a wide range of related services, announced the completion of agreements aimed at expanding its dealer network in both Europe and the United States. These dealers have been appointed as official representatives of the Bellini Yacht brand. The network expansion has led to the establishment of strategic agreements with prominent partners in various countries, including: In Spain, with Metropol Nauticas (11 locations in Spain); In the United Kingdom, with Sebino Yacht; In France, with Vanguard Yacht; In the United States, in New York, with Hampton Marina; In southeastern France in Saint Tropez, with a mono-brand store. The expansion of the international distribution network represents a crucial strategic milestone for Bellini Yacht, aimed at supporting steady growth in global luxury markets. Through new collaborations with leading partners in the nautical sector, the Company seeks not only to enhance its visibility but also to secure privileged access to key distribution channels. Furthermore, these international partnerships, combined with the dealership agreement already established in Italy through its 60.0% controlled subsidiary, Italian Dealer Srl, offer Bellini Yacht a competitive advantage by ensuring a comprehensive presence in strategic segments, thus positioning Bellini Yacht as a benchmark in the high-end nautical landscape. In light of this announcement and the significant opportunities that the expansion of the international dealer network provides, we confirm our recommendation: Target Price €5.25, Rating BUY, and Medium Risk.

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