Market: Milan Symbol: AZM ISIN: IT0003261697 Industry: Financial Services
Azimut Group's international presence
Note: Presence related only to majority holding ownerships.
Key figures
€107.5bn
Total Assets (Dec 2024)
€18.3bn
FY 2024 Net inflows
€588mln
FY 2024 Net profit
>900k
Number of clients worldwide
18
countries
200+
investment professionals
>2200
Financial advisors worldwide
22%
employee-owned

Corporate Profile

Azimut is an independent, global group specializing in asset management across public and private markets, wealth management, investment banking, and fintech, serving private and corporate clients. Listed on the Milan Stock Exchange (AZM.IM), the Group is a leading player in Italy and operates in 19 countries worldwide, with a focus on emerging markets. The shareholder structure includes approximately 2,000 managers, employees, and financial advisors bound by a shareholders’ agreement that controls around 22% of the company, while the remaining shares are in free float. The Group comprises a network of companies active in the management, distribution, and promotion of financial and insurance products, with registered offices in Italy, Australia, Brazil, Chile, China and Hong Kong, Egypt, Ireland, Luxembourg, Morocco, Mexico, Monaco, Portugal, Singapore, Switzerland, Taiwan, Turkey, and the United States.

Currency: EUR
Previous Close 26.42
Number of Shares 143,254,497
Market Cap 3,784,783,811
Financial Highlights
Income Statement:
   
€/000
FY 2024
FY 2023
Entry commission income
13,975
12,162
Recurring fees
1,216,772
1,138,307
Variable fees
47,618
18,208
Other income
29,888
32,358
Insurance revenues
161,352
110,981
Total Revenues
1,469,604
1,312,016
Distribution costs
(432,400)
(388,954)
Personnel and SG&A
(346,714)
(310,196)
Depreciation, amort./provisions
(37,304)
(25,470)
Operating costs
(816,419)
(724,620)
Operating Profit
653,185
587,396
Finance income
195,329
60,865
Net non-operating income/(costs)
(18,151)
(14,565)
Finance expense
(8,192)
(8,633)
Profit Before Taxation
822,171
625,065
Income taxation
(208,655)
(160,954)
Deferred taxation
(9,032)
(6,096)
Net Profit
604,484
458,013
Minorities
28,319
23,446
Consolidated Net Profit
576,165
434,567
Adjusted Net Profit
587,907
453,988

 

€/000
31/12/2024
31/12/2023
31/12/2022
Bank loan
(154)
(222)
(288)
Securities issued
0
(496,982)
(497,916)
Total debt
(154)
(497,204)
(498,204)
Cash and cash equivalents
749,660
889,416
791,262
Net Financial Position
749,506
392,212
293,058

Earnings per share:
2024
2023
Basic earnings per share
4.10
3.14
Average number of outstanding shares (*)  
138,454,284

Note:
* Outstanding shares are calculated net of treasury shares held by Azimut Holding S.p.A. at the reporting date.