Bellini Nautica (BELL) Company presentation summary
Event summary combining transcript, slides, and related documents.
Company presentation summary
13 Oct, 2026Heritage and business model
Founded in 1960; heritage built on boatmaking, craftsmanship and a design philosophy combining tradition with contemporary luxury.
Three established activities—services, restoration and trading—complement the Bellini Yacht newbuild platform, founded in 2023.
Bellini Classic restores vintage Riva boats and exhibits Romano Bellini’s private Riva d’Epoca collection.
Italian Dealer is the official Italian dealer for Cranchi Yachts and trades new and pre-owned yachts.
Product roadmap and execution
ASTOR range planned from 36 ft to approximately 70 ft, with a premium positioning and handcrafted, customizable offering.
ASTOR 36 production and sales began in 2024; the first ASTOR 58 was sold and delivered in 2025.
New Model A sold on paper; world premiere planned for Cannes 2026. New Model B delivery planned for April 2027.
New production facility is intended to host all Bellini Yacht production for four years; operations were planned to start in January 2026 under a turnkey equipment and certification agreement.
At steady state, average contribution margin per unit is projected at 30%; line capex payback is projected after 3–4 hulls, with 10% direct material and labor reduction over the first 5–8 hulls per model.
Sales channels and brand development
Active dealer locations span Italy, Spain, the UK, France, UAE, Switzerland, Slovenia, Jordan, Australia, Greece and Croatia; Saint-Tropez monobrand store is live.
Casa Bellini is established at Avon Marina in the UK; a database of over 2,500 brokers and dealers is available to scale EMEA and US reach.
Expansion plans include monobrand stores, Casa Bellini UK and France, and artist, fashion and luxury-brand collaborations.
Collaborations include Daniel Arsham, Arianee and BCODE digital product passports, Adamant, and Barton Perreira eyewear.
Latest events from Bellini Nautica
- Revenue grew 26%, but adjusted EBITDA fell as Vintage Riva investment lifted net debt.BELL
H1 2023 - Lower boat sales and working-capital needs cut FY23 EBITDA to €775k.BELL
H2 2023 - Revenue more than doubled, net debt fell, and own-brand yacht production launched.BELL
H1 2024 - Sales surged 79.9%, but FY24 ended in a net loss as debt rose and yacht production ramped.BELL
H2 2024 - Revenue and EBITDA advanced, while working-capital needs and higher debt pressured H1 earnings.BELL
H1 2025 - Revenue and EBITDA grew; €23.7m backlog supports expected FY26 acceleration.BELL
H2 2025 - Yacht-led sales nearly doubled, while delivery timing and working capital remain pivotal.BELL
H1 2026 - FY27E sales target reaches €49.7–60.7m, with over 100 boats planned through 2027.BELL
Company presentation