Italy's Azimut Q1 revenue rises 14%, recurring net profit up 15%

Azimut Holding

07/05/2026 13:13

Overview

Italy asset manager's Q1 revenue grew 14% yr/yr, driven by higher recurring fees

Net profit rose 8.7% and recurring net profit rose 15% yr/yr, reflecting resilience and scalability of business model

Company confirmed FY 2026 guidance for net inflows and net profit

Outlook

Azimut sees 2026 net inflows at €10 bln and net profit at €550 mln, excluding extraordinary items

Company expects private market inflows to exceed €950 mln in coming months, targeting €2 bln+ by year end

Azimut highlights strategic expansion and product innovation in private markets as key growth drivers

Result Drivers

RECURRING FEES - Co said revenue growth was driven by higher recurring fees, with strong contributions from Italy, UAE and Brazil

COMMERCIAL MOMENTUM - Co attributed increased profitability to commercial momentum recorded across core business areas

GLOBAL EXPANSION - Operating costs increased due to continued global expansion

Company press release: ID:nBIA1KZ2wv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 371 mln
EUR 379.70 mln (1 Analyst)
Q1 Net Income
EUR 125.3 mln
Q1 Operating Profit
EUR 164 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"

Wall Street's median 12-month price target for Azimut Holding SpA is €39.00, about 4.6% above its May 6 closing price of €37.27

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)