Azimut closed the first 9 months of 2021 with a consolidated net profit of 322.4 million euros compared to 230.2 million in the first 9 months of 2020, “ahead of the 2021 net profit target”. In the third quarter alone, profits amounted to 96.4 million compared to 87.1 million a year earlier. Returning to the results of the first 9 months of the year, consolidated revenues reached 866.3 million from 728.5 million in the first 9 months of 2020, while the consolidated operating income in the 9 months was 353.3 million.
Total assets under management at the end of September 2021 reached 52.4 billion; the figure including assets administered and managed by third parties directly placed reaches 78.6 billion (the figure at the end of October reaches 80.6 billion, the highest ever reached by the group). Total net inflows in the first nine months of the year amounted to 15.3 billion compared to 16.4 billion at the end of October, of which almost 2 billion refer to deposits in the private markets segment, which represented almost 50% of the group’s fundraising since the beginning of the year. International business is also growing strongly and today represents 39% of the group’s total assets.
Finally, the board of directors approved the new dividend policy for the period 2021-2024, setting a payout on the recurring net profit between 50-70%, determined annually depending on any M&A transactions.