UK markets closed
  • NIKKEI 225

    28,868.91
    -2.87 (-0.01%)
     
  • HANG SENG

    19,830.52
    -210.34 (-1.05%)
     
  • CRUDE OIL

    86.91
    -2.50 (-2.80%)
     
  • GOLD FUTURES

    1,790.20
    -7.90 (-0.44%)
     
  • DOW

    34,197.11
    +284.67 (+0.84%)
     
  • BTC-GBP

    19,713.88
    -417.47 (-2.07%)
     
  • CMC Crypto 200

    566.40
    -5.51 (-0.96%)
     
  • ^IXIC

    13,120.52
    -7.53 (-0.06%)
     
  • ^FTAS

    4,166.38
    +11.29 (+0.27%)
     

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

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(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)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting