BREAKING NEWS 05.09.2024

In the press release dated September 5, 2024, Bellini Nautica SpA, a company founded in 1967 and leader of a group operating in the luxury yachting sector, specializing in the production of boats under the Bellini Yacht brand, as well as in the trading of new and used boats, the restoration and trading of “Vintage Riva” boats, and offering a wide range of related services, announced the success of the first water test on Lake Iseo of the first model under the Bellini Yacht brand, the ASTOR 36. The performance of the ASTOR 36 during the tests exceeded expectations, demonstrating engineering excellence and innovative design. Designed by Brunello Acampora, the hull proved to be stable and highly efficient, further confirming his expertise in the field. The model provided a comfortable and dry navigation experience, thanks to a clean wake and the lightweight structure achieved by using carbon fiber in critical areas. The boat reached a top speed of 42 knots and exhibited great stability even during turns. With a dry weight of 7.3 tons, the ASTOR 36 combines power, elegance, and performance, powered by two 350-horsepower Volvo Penta V8 engines, or alternatively, two 300-horsepower diesel engines. Bellini Yacht will showcase the ASTOR 36 at the 2024 Cannes Yachting Festival, at stand no. 105 in the Palais Tender area. The water test of the first model under the Bellini Yacht brand strengthens our positive outlook on the stock. For this reason, we reaffirm our recommendation: Target Price €5.25, Rating BUY, and Risk Medium.

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