Jul 27, 2023 / 01:30PM GMT
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
Q2 2023 Azimut Holding SpA Earnings Call Transcript
Jul 27, 2023
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