Azimut Holding SPA (MIL:AZM)
€ 24.5 0.13 (0.53%) Market Cap: 3.39 Bil Enterprise Value: 3.45 Bil PE Ratio: 7.50 PB Ratio: 2.18 GF Score: 92/100
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Q1 2022 Azimut Holding SpA Earnings Call Transcript

May 12, 2022 / 01:00PM GMT
Release Date Price: €19.95 (+0.33%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Azimut Holding Q1 2021 Results Conference Call. (Operator Instructions) -- excuse me, it was Q1 2022, I apologize. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gabriele Blei, Chief Executive Officer of Azimut Holding. Please go ahead, sir.

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

Thank you very much and good afternoon to everyone. We will start, as usual, to walk you through the presentation and then leave sufficient time for Q&A.

Turning to Slide #4. A couple of highlights for our Q1 2022 results. Assets under management, total assets stands at EUR 83.4 billion, 43% come from our international business and are flat versus the end of 2021. Net new money, EUR 1.7 billion up to March. If we extend this to April, the number increases to EUR 2 billion, of which of the EUR 1.7 billion, EUR 200 million into product market products that have been already closed. Year-to-date, our

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