On the shields managed savings in Piazza Affari, where in the early afternoon the shares of Mediolanum and Azimut accelerate, reaching gains of 1,8% and 1,3% respectively. The positive quarterly results of the two companies triggered the purchases.
In detail, Mediolanum it closed the third quarter with a consolidated net profit of 311,4 million, up 26% compared to the same period last year. Total assets under management reached 66,959 billion (+6%) and the common equity tier 1 ratio stood at 18,8%.
The BoD approved an interim dividend of 0,16 euro (last year it was 0,15 euro) with ex-dividend date on 23 November 2015. Banca Mediolanum recorded positive net inflows of 3,015 billion in total, “slightly higher than to the same period of 2014”, while Banca Esperia's profit dropped from 8,7 million to 5,4 million. With reference to foreign markets, net profit amounted to 5,4 million with assets under administration up 16% compared to 30 September 2014 and amounting to 3,779 billion.
As for Azimuth, the first nine months closed with a net profit of 208 million euros, with a leap of 68% compared to the same period last year. At the end of September, assets under management amounted to 34,1 billion, while net deposits were positive for 5 billion and at the end of October the balance reached 5,3 billion.
"We close the first nine months with the best net profit in Azimut's history - commented Pietro Giuliani, president and CEO of the company -, we are in line with the target of a result of 220-230 million in the guidance for the full year" . In terms of net inflows, "we expect to reach at least 6 billion euro at the end of the year", concluded Giuliani.
