Azimut Holding SpA (OTCPK:AZIHF)
$ 27.44 0.67 (2.5%) Market Cap: 3.71 Bil Enterprise Value: 3.49 Bil PE Ratio: 6.49 PB Ratio: 1.94 GF Score: 88/100
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Q3 2024 Azimut Holding SpA Earnings Call Transcript

Nov 07, 2024 / 02:00PM GMT
Release Date Price: $24.29 (-8.62%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holding 9 Months 2024 results conference call.

(Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gabriele Blei, CEO of Azimut. Please go ahead.

Gabriele Blei
Azimut Holding SpA - Co-Chief Executive Officer, Executive Director

Thank you very much, and good afternoon to everyone. As usual, we'll go quickly through the presentation that you might have received, and then we will be available for Q&A. If we just want to start on Slide #4, a quick highlights on the results so far this year. We have gathered up until the 9 months, EUR12.5 billion. If we update this with yesterday's announcement as of the end of October, inflows have come down to EUR14.3 billion, so surpassing even the revised guideline we have given in July this year.

Adjusted net income of EUR447 million, a 28% progression with the same period the year before. And as far as clients are concerned, we are delivering a net

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