Azimut Holding SPA (FRA:HDB)
€ 22.75 0.6 (2.71%) Market Cap: 3.12 Bil Enterprise Value: 3.18 Bil PE Ratio: 6.93 PB Ratio: 1.88 GF Score: 91/100

Q1 2021 Azimut Holding SpA Earnings Call Transcript

May 13, 2021 / 01:00PM GMT
Release Date Price: €20.05 (-1.81%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holding's First Quarter 2021 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.

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

Thank you, very much, and good afternoon to everyone. We will go through the usual presentation as quickly as possible to give you as much time as possible for Q&A.

So if we take Slide #4, we highlighted 4 -- 3 key metrics. First, net weighted average performance to clients, net of fees, 4.2% year-to-date, 200 basis points ahead of the index; net inflows of EUR 10.3 billion in total and EUR 1.8 billion in managed products, of which EUR 400 million in private market funds; and net profit of EUR 97 million or 100% vis-Ã -vis the first quarter 2020.

Slide #5, we highlighted a bit of a recap of what has been done over the last year or so with a number of different

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