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GRUPPO AZIMUT AZIMUT LA DIREZIONE PER INVESTIRE PRESS RELEASE Azimut Holding : 9M 2021 Results Record Consolidated 9M Net Profit : € 322 million ( + 40 % vs 9M 2020 ) , ahead of schedule for the FY 2021 target Dividend Policy 2021 - 2024 : 50-70 % of Recurring Net Profit Record Total Assets for the Group at € 80.6bn in October 2021 Milan , 11 November 2021 Azimut Holding's Board of Directors approved today the interim results as of September 30 , 2021 , whose main figures for the 9M are : ➤ Total Revenues in 9M21 equal to € 866.3 million ( vs. € 728.5 million in 9M20 ) ➤ Operating Profit in 9M21 equal to € 353.3 million ( vs. € 291.4 million in 9M20 ) ➤ Consolidated Net Profit in 9M21 equal to € 322.4 million ( vs. € 230.2 million in 9M20 ) In the Q3 : ➤ Total Revenues in 3Q21 equal to € 299.9 million ( vs. € 252.5 million in 3Q20 ) ➤ Operating Profit in 3Q21 equal to € 120.5 million ( vs. € 108.2 million in 3Q20 ) ➤ Consolidated Net Profit in 3Q21 equal to € 96.4 million ( vs. € 87.1 million in 3Q20 ) Total Managed Assets at the end of September 2021 were € 52.4 billion , and counting assets under custody and third parties ' funds reached € 78.6 billion ( Total Assets at the end of October reach the record € 80.6 billion ) . Net inflows for the first 9 months were € 15.3 billion ( € 16.4 billion at the end of October ) , of which almost € 2 billion refer to net inflows in the Private Markets segment , accounting for almost 50 % of the Group's inflows in funds since the beginning of the year . The international business is also growing strongly and now represents 39 % of the Group's total AUM . Net Financial Position as of September 30 , 2021 is positive for € 121 million ( ¹ ) , improving compared to € 58 million as of June 30 , 2021. In the first nine months of 2021 the company distributed more than € 136 million ordinary dividends in cash and invested ca. € 96 million for growth . The NFP also includes payments for ca. € 50 million for policyholders , stamp duties and tax advance . Recruitment of financial advisors and private bankers in Italy continued well : in the first nine months of 2021 the Group recorded 118 new hires ( 123 taking into account October ) , bringing the total number of FAs to 1852 . The Board also approved the new dividend policy for the period 2021-2024 , setting a Payout on Recurring Net Profit between 50-70 % , determined annually depending on potential M & A transactions . Gabriele Blei , CEO of Azimut Holding , comments : " We continued growing through the third quarter of 2021 , reaching a record net profit of € 322 million in the first nine months of the year and already achieving -ahead of schedule- the lower end of the Net Profit target range we envisaged for the entire year ( € 350-500 million ) . These outstanding results demonstrate the strength and quality of our business model , highly focused on our clients who are benefiting from a net weighted average performance of almost + 7 % since the beginning of the year ( + 17 % since 2019 ) . We are also pursuing product innovation particularly in the private markets segment , whose total assets at Group level now reached € 4 billion . The extraordinary work of our financial advisors will allow us to further accelerate inflows in real economy products by year end , increasing their weight on total managed assets to over 8 % . " Pietro Giuliani , Chairman of Azimut Holding , comments : " We are particularly proud of the results achieved in these 9 months . We are looking at numbers that were unthinkable only at the beginning of the year . What we have achieved is very important : on international markets we reached approximately 40 % of Total Assets , while on the Private Markets division , we are scheduled to reach 8 % of Total Managed Assets by year end . We