The management of Azimut Holding has proposed the distribution of a dividend of one euro per share, which will be paid in full in cash </p><div>
<! - <EdIndex> -><p><img style="float: left;" src="https://news.google.com/pictures/2020/01/02/gruppo-azimut.jpeg" alt="group-azimuth" width="200" /><strong>Azimut Holding</strong> reported the 2019 financial results.
The company closed last year with a net profit of 370.01 million euros, three times the € 122.15 million recorded in the previous year. The Operating income, which rose from 192.85 million to 445.41 million euros. Azimut Holding’s revenues grew 40.3%, going from 748.45 million to 1.05 billion euro, consequently higher recurring and variable commissions.
In the fourth quarter alone, net profit stood at 123 million euros, a sharp increase compared to 10 million in the same period last year.
At the end of 2019 the net financial position had become positive for 72.72 million euros, compared to the debt of 31.05 million at the beginning of the year. Azimut Holding reminded that in 2019 ordinary dividends of around 166 million euros in cash were paid out and acquisitions were made of around 63 million euros. Always at the end of 2019 the total of managed assets (including savings administered and managed by third parties directly placed) it was equal to 59.1 billion euro. Net inflows for the entire year were € 4.6 billion.
The top management of Azimut Holding have confirmed the goal of ending 2020 with a net profit of 300 million euros, based on a normal performance of the financial markets. In addition, the company will maintain some flexibility in the use of cash, which will mainly be aimed at investments and future growth.
The management of Azimut Holding has proposed the distribution of the 2020 dividend (relating to 2019) of one euro per share, which will be paid in full in cash. The coupon will be detached on May 18, 2020 and paid for on May 20.
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https://www.soldionline.it/notizie/azioni-italia/conti-azimut-bilancio-2019-dividendo
