Azimut closes the first three months of the year with consolidated revenues of 214,7 million, up 61% compared to 133,2 million in one year. Consolidated operating income was 83,5 million (from 24,1 million a year earlier) while consolidated net profit rose to 72,9 million with a growth of 259% compared to a year earlier, marking the second best quarterly net income in the group's history. On 4 April, Azimut's estimates were for a profit of between 57 and 67 million euros, the final figure is better than expected thanks to "a more favorable trend in revenues than the estimates, especially with regard to certain commission components at the time still in the process of definitive accounting (in particular as regards certain foreign components of the Group).
At the same time, some cost items had been the subject of prudential estimates, and their definitive quantification proved to be better than forecasts”. Total assets at the end of March 2017 amounted to 46,5 billion, the consolidated Net Financial Position at the end of March 2017 was positive for approximately 236,2 million, an improvement compared to 192,3 million at the end of December 2016. During the period, the group and its divisions recorded 18 new entries, bringing the total networks of the Azimut Group at the end of March at 1636 units. Finally, the board of directors co-opted Renata Ricotti as independent director, replacing Paola Mungo. The CEO of the group, Sergio Albarelli, said he was confident "of being able to continue to achieve excellent results as he looks to the rest of the year with even more optimism".
