Azimut Holding SPA (MIL:AZM)
€ 24.58 0.5 (2.08%) Market Cap: 3.40 Bil Enterprise Value: 3.00 Bil PE Ratio: 7.55 PB Ratio: 2.19 GF Score: 92/100
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Q2 2023 Azimut Holding SpA Earnings Call Transcript

Jul 27, 2023 / 01:30PM GMT
Release Date Price: €21.14 (+4.14%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Azimut Holding First Half 2023 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.

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

Thank you very much, and good afternoon to everyone. We'll quickly go through the slides as usual and then leave as much time as possible for Q&A.

So jumping to Slide #4, a quick snapshot of the main driver of the first half 2023. Net inflows of EUR 3.7 billion, which compared with the minus -- EUR 17 billion of the industry. It's a Assogestioni data from which we came out and EUR 643 million of total revenues, which I would like to stress, and we see this later on in this data, you have a very limited contribution from performance fee, which means that most of these revenues are recurring in nature. EBIT of EUR 286 million or a very solid EBIT margin of 44% with a consistent quarter

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