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GRUPPO AZIMUT AZIMUT LA DIREZIONE PER INVESTIRE PRESS RELEASE Azimut Holding : 1Q 2021 results Net Profit : € 97 million ( without performance fees ) , + 100 % vs 1Q 2020 AGM approved payment of a € 1 dividend per share Best Results in the Group history for : • . Recurring fees : € 219 million ( + 13 % vs. 1Q20 ) Net Inflows at April YtD : € 10.3 billion ( € 3.4 billion excluding the Sanctuary Wealth consolidation ) • Total Assets : € 72.9 billion ( + 36 % vs. April 2020 ) Milan , 13 May 2021 Azimut Holding's ( AZM.IM ) Board of Directors approved today the 1Q 2021 results , highlighting the following : Consolidated Total Revenues in 1Q21 equal to € 273.5 million ( vs. € 228.0 million in 1Q20 ) Consolidated Operating Profit in 1Q21 equal to € 114.0 million ( vs. € 75.9 million in 1Q20 ) Consolidated Net Profit in 1Q21 equal to € 96.8 million ( vs. € 48.5million in 1Q20 ) Total Assets at the end of March 2021 reached € 72.3 billion ( € 72.9 billion at the end of April 2021 ) , including assets under custody and third parties ' funds . Net Financial Position ( ¹ ) as of March 31 , 2021 was positive for € 147.8 million , improving compared to the € 30.5 million at the end of December 2020 . As a reminder , the AGM approved the distribution of an ordinary dividend per share of € 1.00 gross of tax ( equivalent to a yield of 5 % at current prices ) to be paid entirely in cash . This was in line with last year when almost the entirety of banks and insurance companies were not able to make any distribution . The payment date is May 26 , 2021 , with ex - dividend date on May 24 , 2021 and record date May 25 , 2021 . Recruitment of financial advisors and private bankers in Italy remained positive : during the first four months of 2021 Azimut and its networks recorded 64 new hires , bringing the total number of FAs to 1833 . Lastly , based on the declarations provided by the Independent Directors and the information available to the Company , the Board evaluated the independence criteria envisaged by art . 147 - ter , paragraph 4 and 148 , paragraph 3 of the TUIF and art . 3 of the Corporate Governance Code . Gabriele Blei , CEO of the Group , comments : “ In the first four months of the year , we saw a significant acceleration of Net Inflows into managed assets , reaching 1.8 billion euros compared to 320 million euros in the same period of 2020. The Group also hit the 2.4 billion euros AUM mark in real economy products , to be further developed with the launch of new initiatives such as HighPost Capital in the US , the new Private Equity fund with Peninsula and the Synthetic Bank project . The excellent work of our distribution channels who are strongly integrated with the Global Asset Management Team , will allow us to continue under normal market conditions - our growth path in the coming quarters , offering new innovative investment solutions to our client base . Achieving nearly 100 million euros of Net Profit in the first quarter sets a solid base for the remainder of 2021. " - Pietro Giuliani , Chairman of the Group , adds : “ Although the first quarter Net Profit does not include performance fees accrued and to be accounted for at the end of the year , it is still amongst the best in our history , doubling the result of the same period in 2020. In the first four months , Net Inflows reached 10.3 billion euros , allowing our Total Assets to exceed 72 billion euros for the first time . The solid financial results are supported by a strong growth in recurring fees -making our growth even more sustainable- , by the variety of products offered and by the quality of inflows , helping to generate a net weighted average performance to clients of + 4.2 % YtD versus the Italian asset management industry index at just above + 2 % . We started off well in these first months and are on target to continue our growth path towards the target of 350 million euro of Net Profit for FY 2021. "