Azimut Holding S.p.A., one of Italy’s leading independent asset managers, is active across 18 countries, specializing in asset management, wealth management, investment banking, and fintech. Listed on the Milan Stock Exchange, Azimut is particularly focused on emerging markets and continues to expand globally through acquisitions and strategic partnerships.
2024 Financial Results
In the first half of 2024, Azimut reported an adjusted net profit of €330 million, up 43% from €231 million in H1 2023. Total revenues increased by 9% to €702 million, with recurring fees reaching €590 million. This performance was supported by record net inflows of €10 billion, demonstrating strong demand for their managed solutions.
Azimut also maintained a strong financial position with a positive net cash position of €637 million at the end of H1 2024, enhancing its investment and expansion capabilities.
International Expansion Strategy
Azimut continues its aggressive international expansion, notably in Australia, where it formed a strategic partnership with Oaktree to accelerate growth in its subsidiary AZ NGA. This deal, valued at A$240 million, aims to strengthen Azimut’s position in Australia while expanding its network of independent financial advisors.
Beyond Australia, Azimut is reinforcing its presence in the US and European markets through acquisitions and partnerships, positioning itself as a global player in asset management, with a particular focus on private markets and alternatives.
Challenges and Competition
The asset management sector is highly competitive, with major players like BlackRock and Amundi dominating. However, Azimut differentiates itself through its strong presence in emerging markets and its diversification into private markets and insurance, two fast-growing segments.
Conclusion
Azimut continues to build on its solid financial performance and international expansion, cementing its position as a leader in asset management. With a strategy focused on strategic partnerships and acquisitions in high-potential markets, the company is well-positioned to sustain its growth trajectory in the coming years.
You will find in the attachment to this article the presentation file of the company.
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