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ISIN code: IT0003261697
Sector: Finance
Industry: financial conglomerates
Azimut shares are listed on the Italian market on the Milan stock exchange under the ticker AZM.
Look at the history of the quotation of the share on the Milan Stock Exchange
Company Description
Azimut Holding SpA is a company that deals with advice and asset management. Azimut's main activities include the promotion, management and distribution of financial and insurance products. The Azimut Holding group operates not only in Italy, where it has its headquarters in Milan, but also in Luxembourg, Ireland, China, Monaco, Switzerland, Singapore, Brazil, Mexico, Taiwan, Chile, USA, Australia and Turkey.
The Azimut Holding group is made up of eight companies, wholly owned by the parent company.
The Azimut Holding SpA group is made up as follows:
- Azimut Capital Management SGR SpA
- AZ Investimenti Sim Spa
- Apogeo Consulting Sim Spa
that make up the distribution network and by:
- Azimut Sgr Spa – investment funds
- AZ Fund Management SA (Luxembourg) – investment fundshedge funds
- Azimut Capital Management Sgr Spa – hedge funds
- AZ Capital Management Ltd (Ireland) – hedge funds
- AZ Life Ltd (Ireland) – life insurance
who deal with the management of customers' financial assets.
The company is listed on the index FTSE MIB of the Milan Stock Exchange since 2004.
Economic and financial analysis of the company
The group Azimut Holding operates in the asset management market. The company was born in Milan as Azimut Consulting Sim Spa by Pietro Giuliani. Also in 1988 it was born Azimut Sgr Spa dealing with investment funds. On December 24, 1999 was born, in Luxembourg, AZ Fund Management SA for the management of umbrella funds. On February 6, 2003 was born, in Dublin in Ireland, AZ Life Ltd for life insurance products. On December 14, 2004 was born, in Milan, Azimut Capital Management Sgr Spa which operates in the sector of the promotion and management of mutual funds under Italian law, in hedge funds under Italian law and in the management of investment portfolios on behalf of third parties. In July 2005, Aletti Invest Sim was acquired by Banco Popolare di Verona and Novara, and was renamed AZ Investimenti Sim Spa. In 2007 was born, in Dublin in Ireland, AZ Capital Management Ltd which deals with the distribution of the group's and third-party products through its network of financial advisors. These companies form the Azimut group.
The parent company Azimut Holding SpA has been listed on the Milan Stock Exchange since 7 July 2004 and is included in the FTSE MIB and Eurostoxx 50 indices.
The business model of Azimut Holding is based onintegration between the management activity and the distribution activity. The group's financial promoters and managers are also involved as shareholders in a syndicate agreement which controls around 24% of the capital. The remaining capital is divided between institutional investors, mostly foreign (about 3,676%) and individual shareholders (about 72%).
The Azimut Holding group is engaged in Italy as a sponsor on various fronts in the sports arena.
In 2017, the Azimut Holding group entered into a partnership with the company Mofid Securities. The goal was to develop an onshore financial advisory platform and create an offshore fund that would allow foreign investors to access Iranian capital markets.
In 2017 revenues reached 811 million euros with a profit of 215 million.
The latest news on Azimut
Azimut sells its stake in Klim for 225 million: huge capital gain. Giuliani: “Now a higher dividend”
Sale to Goldman Sachs. Azimut's initial investment in Klim was 60 million. In March Azimut announced the spin-off of part of the financial advisor network to create a fintech bank which should be listed within 6-9 months
Latest stock market news: industry plus economy in the US and EU are improving but the stock lists are all in the red. The soft correction is underway
Industry awakens, pushing the economy. Gold and oil are also advancing
Quarterly asset management reports: record profits for Finecobank, double-digit growth for Azimut
Despite the excellent income statements and positive collections, stocks travel in the red on Piazza Affari, affected by profit-taking
Biomethane: loan of 35 million in a banking pool led by Banco Bpm for two new plants in Campania
Banco BPM, as agent and lead bank, Mediocredito Centrale, Banca Popolare di Puglia e Basilica and BCC Campania Centro Cassa Rurale ed Artigiana assisted the "Infrastructure Fund for Growth - ESG" to build the plants in the province of Salerno
STOCK EXCHANGE CLOSING DECEMBER 16 – Piazza Affari down but not worse than other price lists on the day of the 4 witches: Azimut boom
Share lists in the red after the storm of the central stock exchanges but in Milan there is the exploit of Azimut