Azimut Holding SPA (MIL:AZM)
€ 24.44 -0.14 (-0.57%) Market Cap: 3.38 Bil Enterprise Value: 2.98 Bil PE Ratio: 7.52 PB Ratio: 2.18 GF Score: 92/100
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Half Year 2020 Azimut Holding SpA Earnings Call Transcript

Jul 30, 2020 / NTS GMT
Release Date Price: €16.08 (-2.90%)
Operator

Good afternoon, this is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holdings Second Quarter 2020 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gabriele Blei, CEO of Azimut Holdings. Please go ahead, sir.

Gabriele Blei
Azimut Holding S.p.A. - CEO & Director

Thank you very much, and good afternoon to all of you. As always, we will start to go through the presentation quite quickly and then leave you all the necessary time for questions and answers.

If we go to Slide #4, we have tried to summarize the major 3 key takeaways of the first half 2020 results, which we can summarize in the first point being shareholder returns, the focus on the fact that we have paid dividend of EUR 137 million in the first half on top of completing EUR 44 million of buyback, probably one of the very few Italian financial company being able to do so.

Second aspect, as you are all aware, we are a people business and a business that had to go through a very

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