Yes even with gas prices so high and people starving in different parts of the world, the filthy rich still want the ultimate status symbol - the luxury yacht. Luxury goods are seeing double digit growth in revenue numbers year on year specially as the wealthy in new markets in Europe, Asia and the Middle East set sail.
"If we talk about boats of 45-80 meters, we're taking orders for 2012 to 2013. It's a segment that's going very well," said Cannatelli, who keeps a Riva yacht in Tuscany and also likes to sail in the Caribbean and the Seychelles.
In the business year that ended on August 31, 2007, revenues grew 21 percent to 933 million euros. Core profit came in at 158 million euros.
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