Azimut Holding Spa Ord (AZIHF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Azimut Holding's First Quarter twenty twenty six Results Conference Call. As a reminder, all participants are in listen only mode. After the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Mr. Georgia Meda, Chief Executive Officer of Azimut Holding. Please go ahead. Thank you. And good afternoon, everyone, and thank you for joining us today for Azimut's first quarter twenty twenty six results presentation. As you know, I'm Sergio Mera, CEO of the group, and I'm pleased to be here in Milan with Alessandro Zambotti, our CEO and the group CFO and Alex Sopera, Head of Investor Relations. So following a defining a record breaking 2025, I'm quite proud to say that the first three months of 2026 have proven that our growth trajectory is indeed structural and accelerating. We started the year exceptionally well, setting a very powerful pace that underpins another year of expected high quality growth. So let's get it started and move to slide number three, please. Despite adverse and volatile market conditions during the quarter, our teams across the globe have once again demonstrated the true strength, scalability, and resilience of our diversified business model. We closed the first quarter achieving a staggering €4,600,000,000 in net inflows, an absolute record alongside a highly solid net profit of 125,000,000 And finally, I want to highlight that €4,000,000,000 of these inflows were entirely organic, making it our best results on record for organic growth and this translates also in attractive double digit growth in recurring net profit. Alongside these strong operating numbers, we are making steady prog...