Azimut Holding Spa Ord (AZIHF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Call School Conference Operator. Welcome and thank you for joining the Azimuth Group 9 Month 2025 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they make a signal and operator by pressing star and zero on the telephone. At this time, I would like to turn the conference over to Mr. Giorgio Medda, CEO of Paximot. Please, go ahead, sir. Thank you, and good afternoon, everyone, and thank you for joining us today for the Agilent's nine-month 2025 results presentation. I'm Giorgio Medda, CEO of the group, and I'm very pleased to be here with Alessandro Zambotti, our CEO and Group CFO, and Alex Opera, Head of Investor Relations. This period marks another important step in our growth journey, reflecting both the strength of our business model and the consistency of our strategies across the market. This year, in 2025, we continue seeing a great execution and delivery in terms of objectives. translating to tangible results and exciting corporate development that we will certainly elaborate in detail later. So, moving on to slide three, please. So, let me start with the key highlights for the period. So, the first nine months of 2025 represent the best on record for Azimuth in terms of managed net inflows, reaching €13 billion, together with a strong 17% growth in recurring net profits. These results confirm the strength of our diversified business model and certainly the quality of our recurring revenue base. We also made very significant progress on the TMB transaction, which continues to advance and represent a transformational step for the group. Alessandro will discuss about this in...