Azimut Holding SpA
OTC:AZIHF
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Azimut Holding SpA
Azimut Holding SpA, an Italian stalwart in the asset management industry, began its journey in the heart of Europe's financial landscape, where it has built a commanding presence. Founded in 1989, Azimut was conceived with an emphasis on Client proximity and entrepreneurial spirit. This vision allowed it to grow beyond the borders of Italy, establishing a firm foothold across continents, from Europe to the Americas, and into the pulsating markets of Asia. At its core, Azimut operates through a distinct structure, empowering financial advisors with share ownership, which aligns interests and fosters a remarkable client-focused ethos. This unique model underscores Azimut's resilience and adaptability in a dynamic financial environment.
The company thrives through a diversified set of services, embarking on a strategic blend of asset management and financial advisory. Azimut generates revenue primarily by managing investment portfolios, capitalizing on management fees linked to the assets they oversee, and performance fees tied to the returns they achieve. In addition, the firm's extensive network of financial advisors offers tailored investment solutions to an affluent clientele, crafting bespoke strategies that drive both value and loyalty. By combining a human touch with rigorous financial acumen, Azimut has threaded its way through complex markets, continually seeking to expand its reach and influence while maintaining a keen eye on sustainable growth and global opportunities.
Azimut Holding SpA, an Italian stalwart in the asset management industry, began its journey in the heart of Europe's financial landscape, where it has built a commanding presence. Founded in 1989, Azimut was conceived with an emphasis on Client proximity and entrepreneurial spirit. This vision allowed it to grow beyond the borders of Italy, establishing a firm foothold across continents, from Europe to the Americas, and into the pulsating markets of Asia. At its core, Azimut operates through a distinct structure, empowering financial advisors with share ownership, which aligns interests and fosters a remarkable client-focused ethos. This unique model underscores Azimut's resilience and adaptability in a dynamic financial environment.
The company thrives through a diversified set of services, embarking on a strategic blend of asset management and financial advisory. Azimut generates revenue primarily by managing investment portfolios, capitalizing on management fees linked to the assets they oversee, and performance fees tied to the returns they achieve. In addition, the firm's extensive network of financial advisors offers tailored investment solutions to an affluent clientele, crafting bespoke strategies that drive both value and loyalty. By combining a human touch with rigorous financial acumen, Azimut has threaded its way through complex markets, continually seeking to expand its reach and influence while maintaining a keen eye on sustainable growth and global opportunities.
Record Net Inflows: Azimut achieved EUR 5.7 billion in net inflows for the first four months of 2025, almost three times higher than last year and its best ever start to a year.
Recurring Net Income Growth: Recurring net profit rose by 13% year-on-year, highlighting underlying business strength despite lower performance fees.
Assets Under Management: Total assets reached EUR 107 billion by end of April, with managed assets up 4.4% since year-beginning, though FX headwinds slightly tempered asset growth.
Strong Cash Flow: The group reported robust cash flow, with a cash flow to market cap ratio above 13% (annualized).
Strategic Expansion: Azimut expanded with two US acquisitions, entered Morocco, and is preparing operations in Saudi Arabia, now present in 20 countries.
Guidance Reconfirmed: Full-year net profit target of EUR 400 million to EUR 1.25 billion and EUR 10 billion net inflows were reaffirmed, with about 30% and 57% achieved, respectively, so far.
Business Model Shift: The company introduced a new reporting structure for greater transparency and alignment with how it operates.
Private Markets Remain Key: Despite reporting changes, management reiterated that private markets remain a strategic priority.
