Italy's Azimut beats FY revenue growth estimates, moves to semi-annual dividend

Azimut Holding

05/03/2026 12:40

Overview

Italy asset manager's FY 2025 revenue grew 9% yr/yr, beating analyst expectations

Operating profit for FY 2025 reached €649 mln, driven by strong global operations

Company plans strategic capital allocation with dividends and buybacks by 2027

Outlook

Azimut targets 2026 net inflows of €10 bln and net profit of €550 mln

Company plans to distribute ~25% of market cap via dividends and buybacks by 2027

Azimut to transition to semi-annual dividend distribution starting 2027

Result Drivers

GLOBAL OPERATIONS - Higer recurring revenue from Italy, Brazil, UAE, Monaco, Türkiye, and USA drove revenue growth

STRATEGIC CAPITAL ALLOCATION - Plans for dividends and buybacks to unlock value by 2027

OPERATING PROFIT GROWTH - Operating profit driven by international expansion and commercial momentum

Company press release: ID:nBIA6VfWM9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 1.40 bln
EUR 1.37 bln (5 Analysts)
FY Operating Profit
EUR 649 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Azimut Holding SpA is €37.40, about 10.7% above its March 4 closing price of €33.80

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)