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

Full Year 2022 Azimut Holding SpA Earnings Call Transcript

Mar 09, 2023 / 02:00PM GMT
Release Date Price: €21.58 (-3.23%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holding Full Year 2022 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gabriele Blei, CEO 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'll go through the slides as always as quickly as possible to leave you time for Q&A.

So if we turn to Slide #4, we have a quick highlight of the past 4 years, summarizing the growth in assets, which had a cumulative annual growth rate of 12%, and we closed at EUR 79 million of total assets, which is already discounting for the deconsolidation of Sanctuary.

Net flows, EUR 36 billion in the 4 years with EUR 8.5 billion in just 2022, so roughly speaking, 10% of the assets. And Private Markets has been a strong driver of our commercial activity as well as flows with EUR 6.5 billion or 10x more the value that we had

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