AZIHF - Azimut Holding S.p.A. (AZIHF) Q4 2023 Earnings Call Transcript
2024-03-08 12:30:27 ET
Azimut Holding S.p.A. (AZIHF)
Q4 2023 Results Conference Call
March 07, 2024 09:00 AM ET
Company Participants
Gabriele Blei - CEO
Alessandro Zambotti - CFO
Conference Call Participants
Hubert Lam - BofA Securities
Giovanni Razzoli - Deutsche Bank
Elena Perini - Intesa San Power
Alberto Villa - Intermonte
Presentation
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Azimut Holding Full Year 2023 Results Conference Call. As a reminder, all participants are in a listen-only mode. After the presentation, there will be an opportunity to ask questions [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Gabriele Blei, CEO of Azimut Holdings. Please go ahead, sir.
Gabriele Blei
Thank you very much and good afternoon to everyone. As always, we'll go through the slides as quickly as we can, and I'll leave as much possible for Q&A.
If we start and jump to Slide number 4. We have summarized what has been achieved by the company in the last four years in terms of delivery of every target. This is also based on a history, which is slightly longer, which means that in the last 20 years, the company since being listed has always delivered on its targets.
In these last four years, we have set a specific annual target of interest and net profit, and we are happy to say we have always delivered them accordingly.
Turning to Slide number 5. We have a deep dive into the key metrics of the five past years, and you can see how assets has increased on average by 12%, thanks also to €43 billion of cumulated net inflows in the same period.
We are very happy on the development of our private market initiative since the beginning of this venture assets have grown 14x to €8.1 billion and increasing in the coming months....
Azimut Holding S.p.A. (AZIHF) Q4 2023 Earnings Call Transcript