Azimuth closes the first quarter of 2015 with profits more than tripled on an annual basis and archives the best quarterly in its history. The asset management group announced today that it closed the January-March period with profits for 128 million, up 250% from the 36,5 million recorded in the same period last year.
As for the revenues, reached 238 million, against 118 million in the first quarter of 2014. At the end of April net collection amounted to 2,34 billion, compared to 1,79 billion in the same period last year.
“We closed an exceptional quarter”, commented the president and CEO, Peter Giuliani, specifying that, with normal markets, the company expects to achieve "a net profit for all of 2015 of 200-300 million euros".
At the beginning of the afternoon, Azimut's stock gained 2,1%, a 27,69 euros, after having reached a session maximum of 27,7 euros.
