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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Nine Months 2023 Azimut Holding SpA Earnings Call Transcript

Nov 09, 2023 / 02:00PM GMT
Release Date Price: €21.27 (+3.30%)
Operator

Good afternoon. This is the Chorus Call Conference operator. Welcome, and thank you for joining the Azimut Holding's 9 Months 2023 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Blei Gabriele, 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. As always, we will go through the presentation and leave as much time as possible for Q&A.

So we'll start from Page #4, we have a snapshot of the key results up to the 9 months of 2023, EUR 5 billion in net inflows, if we consider also the month of October, as you have seen a couple of days ago, we stand at EUR 5.4 billion vis-a-vis the target that we have between EUR 6 billion to EUR 8 billion for the full year. Total revenues of EUR 965 million. We will see this in more detail later, but we have observed a linear development, especially on the recurring fees component despite the market volatility. EUR 431 million of EBIT ahead of

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