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EPS (TTM)3.25
Earnings date01 Aug 2024
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  • Reuters

    Azimut posts drop in adjusted net profit, selects spin off staff

    The company, which is working on a project to be able to raise funds from bank deposits, said it was confident 2024 net profit would come in above its existing 500 million euro ($538 million) goal, on net inflows projected above 7 billion euros. Azimut shares dropped as much as 4.9% after the results, but recouped losses to stand flat at 25.7 euros each by 1354 GMT. Azimut in March said it would spin-off roughly half of its financial adviser network and find a banking partner to invest in the business.

  • Reuters

    REFILE-UPDATE 1-Azimut posts drop in adjusted net profit, selects spin off staff

    Italian asset manager Azimut Holding said on Thursday it was confident of exceeding its profit target for the year, after reporting a drop in first-quarter net profit when adjusted for one-off accounting and tax items. The company, which is working on a project to be able to raise funds from bank deposits, said it was confident 2024 net profit would come in above its existing 500 million euro ($538 million) goal, on net inflows projected above 7 billion euros. Azimut shares dropped as much as 4.9% after the results, but recouped losses to stand flat at 25.7 euros each by 1354 GMT.

  • Reuters SG

    Swiss group Sygnum raises over $40 mln to fund expansion

    Swiss digital asset group Sygnum said on Thursday it has raised more than $40 million in its latest funding round to finance its expansion into new geographical markets and accelerate product development. Italian asset management group Azimut Holding led the investment in the round, which values Sygnum at $900 million, it said in a statement. Sygnum's assets stood at over $4 billion, with a client base of over 1,700 from more than 60 countries, it said.