Azimut Holding’s financial results
The Azimut Holding Board of Directors recently approved the interim management report, showing very positive financial results. Adjusted net profit amounted to 447 million euros, an increase of 28% compared to 349 million recorded in the first nine months of 2023. This result is accompanied by an increase in total revenues, which rose to 1,054 million euros, marking an increase of 9%. In addition, operating income increased by 6%, reaching 458 million euros
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Objectives for 2024
Looking to the future, Azimut Holding has outlined its ambitions for 2024. The asset management company stated that, based on the solid growth recorded since the beginning of the year and the operating results achieved, the group is confident of exceeding the net profit target set for the full year of 2024, which was 500 million euros.
This optimism is further supported by the results of net inflows, which already reached 14.3 billion euros in October, exceeding the revised target in July by 14 billion euros.
Impact of monetary policies
Another factor to consider is the impact of recent central bank decisions. For example, the Bank of England decided to lower interest rates by 0.25%, bringing them to 4.75%. This move was in line with market expectations and could positively influence investment and funding dynamics for Azimut Holding. More favorable monetary policies can stimulate demand for financial products and managed savings, further contributing to the growth of society
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