AZIMUT

Deutsche Bank upgrades Azimut from “hold” to “buy” and raises the 12‑month price target from €35 to €46, signaling substantial upside potential. The upgrade is based on a strong first half with double‑digit growth in recurring revenues and net profit, and record levels of assets under management. In addition, Azimut announced a share buyback program and capital returns expected to distribute around 25% of market capitalization over 2026 and 2027, which strengthens the overall return outlook. » Más en de.investing.com

Azimut recorded record net inflows of €4.6bn in Q1 2026 and assets under management of €144bn (+32% y/y). Recurring net profit rose 15% to €128m, revenue was €371m and recurring EBIT also grew 14%, while the net profit margin declined by 35 basis points. The company announced a capital return programme of around €1.3bn (including a €2.00 per share dividend and share buybacks) and confirmed its full-year targets: net inflows of €10bn and net profit of €550m. The stock fell about 3% to €37.04. » Más en de.investing.com

Azimut reports net inflows of €32bn for fiscal year 2025, assets under management of €145bn (+32%) and a 20% increase in recurring net profit. Reported group profit fell to €526m (previous year €568m) due to lower performance fees and one-off items. Management proposes a dividend of €2.00 per share and plans to return around 25% of market capitalization over the next 18 months, including the planned spin-off of TNB. For 2026 Azimut targets net inflows of €10bn and a net profit of €550m. » Más en de.investing.com