Azimut Holding S.p.A. (AZM.MI)
| Previous close | 25.54 |
| Open | 25.58 |
| Bid | 25.54 x 0 |
| Ask | 25.56 x 0 |
| Day's range | 25.06 - 25.94 |
| 52-week range | 18.53 - 27.44 |
| Volume | |
| Avg. volume | 819,168 |
| Market cap | 3.545B |
| Beta (5Y monthly) | 1.41 |
| PE ratio (TTM) | 8.16 |
| EPS (TTM) | 3.14 |
| Earnings date | 01 Aug 2024 |
| Forward dividend & yield | 1.00 (3.92%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | 28.10 |
- Reuters
Azimut posts drop in adjusted net profit, selects spin off staff
The company, which is working on a project to be able to raise funds from bank deposits, said it was confident 2024 net profit would come in above its existing 500 million euro ($538 million) goal, on net inflows projected above 7 billion euros. Azimut shares dropped as much as 4.9% after the results, but recouped losses to stand flat at 25.7 euros each by 1354 GMT. Azimut in March said it would spin-off roughly half of its financial adviser network and find a banking partner to invest in the business.
- Reuters
REFILE-UPDATE 1-Azimut posts drop in adjusted net profit, selects spin off staff
Italian asset manager Azimut Holding said on Thursday it was confident of exceeding its profit target for the year, after reporting a drop in first-quarter net profit when adjusted for one-off accounting and tax items. The company, which is working on a project to be able to raise funds from bank deposits, said it was confident 2024 net profit would come in above its existing 500 million euro ($538 million) goal, on net inflows projected above 7 billion euros. Azimut shares dropped as much as 4.9% after the results, but recouped losses to stand flat at 25.7 euros each by 1354 GMT.
- Reuters
Italy's Azimut eyes partner for planned fintech bank
Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50% in the new unit. Azimut said the plan was to list the business within the next 6-9 months in a move that would boost the value of their investment for existing shareholders. Presenting the plan, Chairman Pietro Giuliani said it had already drawn interest from banks who might want to invest.
