Azimut confirms 6-8 billion net inflows target for 2022

Azimut confirms 6 8 billion net inflows target for 2022

(Finance) – Azimutha group active in managed savings and included in the FTSE MIB, closed on first quarter of 2022 with consolidated revenues equal to 327.2 million euros (compared to 273.5 million in 1Q21), a consolidated operating income of 135 million euros (compared to 114 million in 1Q21) and a consolidated net profit equal to 95.5 million euros (compared to 96.8 million in 1Q21). There Net financial position consolidated at the end of March 2022 was positive for approximately 508.4 million euros, an improvement compared to the 408.5 million at the end of December 2021 (without including the cash dividend of 1.30 euros per share that will be paid on 25 May 2022 ” .

“We are satisfied with the solid collection recorded since the beginning of the year equal to 1.9 billion euros and with the results of this quarter, with which we continue the positive momentum of 2021 – commented theCEO Gabriele Blei – The achievement of almost 100 million euros of net profit in the first quarter constitutes a solid foundation for the rest of the year. We have now passed the AUM 5 billion euro threshold in real economy products, which we intend to further increase by launching new solutions in the coming months “.

“We stay determined to reach our 6-8 billion euro net inflow targets and at least 400 million euros of net profit for the year 2022 in normal market conditions “, added the president Pietro Giuliani.

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