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 2023 Azimut Holding SpA Earnings Call Transcript

May 09, 2023 / 01:30PM GMT
Release Date Price: €20.13 (-0.79%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Azimut Holding First Quarter 2023 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 or good morning, depending where you are. We'll go through the usual presentation as quickly as possible and then leave you time for Q&A.

So if we start from Slide #4, just a quick snapshot of the key figures of the first quarter 2023. EUR 2.6 billion of net inflows, of which 2/3 have been in managed assets with -- including April, this number has reached EUR 2.8 billion. EUR 323 million of total revenues, of which 87% are management fees and EUR 150 million of EBIT, which is the highest-recurrent EBIT number in our history. And finally, an adjusted net profit of EUR 127 million with a consistent profit margin and we'll come in a

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