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Italy's Azimut sees 2021 net profit to top guidance at 600-605 million euros

Reuters
·1-min read

(Reuters) - Italian asset manager Azimut Holding said on Wednesday it expects a 2021 net profit of between 600 and 605 million euros ($681.7-687.3 million), pushing shares up over 3% by 1150 GMT.

The company, which had guided for a 2021 net profit in range of 350-500 million euros, said the new estimate would point to the highest full-year net result on record for the group.

Azimut added that net inflows in 2021 totalled 18.7 billion euros, while total assets amounted to 83.2 billion euros.

($1 = 0.8802 euros)

(Reporting by Federico Maccioni, editing by Cristina Carlevaro)