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

Q3 2021 Azimut Holding SpA Earnings Call Transcript

Nov 11, 2021 / NTS GMT
Release Date Price: €24.97 (-1.15%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holding 9 Months 2021 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. As usual, we'll go through the presentation and leave then the floor to you for any question you may have.

If we start on Slide #4, just a snapshot of the 9 months result. Starting from the left-hand side, clearly, the year so far has been an exceptional one, during which I would say, until now, at least all the stars have been perfectly aligned. So we have a net profit of EUR 322 million in the 9 months, up 40%. And recurring profit, if we look at the bottom part of the slide, grows due to both market effect as well as -- sorry, mix effect as well as the positive market to EUR 282 million. Both numbers, the EUR 322 million and the

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