Azimut recorded a net profit of 31,7 million euros in the third quarter of 2013, down on the 41,9 million of the same period last year. Consolidated revenues decreased from 107,8 to 101,3 million with recurring fees more than halved to 12,9 million.
If current market conditions remain constant, the group estimates that it will end the year with a net profit of between 130 and 160 million euros, while funding could reach 3 billion after exceeding 2,7 billion at the end of October, the month which saw assets rise above 23 billion euros.
"We remain open to potential major M&A opportunities in Italy", reads the presentation intended for analysts in which the group declares that it is also evaluating opportunities in Latin America.
At the end of September the consolidated net financial position was positive for approximately 287,9 million euro.
Since the beginning of the year, the number of financial advisors in the group has risen to 1.465 from 1.396, registering 120 new entries.
After yesterday's 2% leap to toast the October collection figure, around 15,15 pm Italian time, the Azimut stock on the stock exchange is worth 19,09 euros, up by more than 1% having fluctuated today between 18,6, 19,15 and 760.000 euros. Volumes are equal to 0,2 pieces, close to what is traded on average in an entire session. The Ftse Mib advances by XNUMX%.
