Azimut stock reflects 21 percent H1 revenue growth into October

Published on 10/04/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azimut stock was last at EUR 37.88 on October 2, 2026, while H1 client assets reached EUR 158 billion. Recurring net profit rose 6 percent to EUR 249 million.

Aquarellbild der Mailänder Finanzdistrikt-Skyline im warmen Abendlicht — Aquarellmalerei der Mailänder Skyline symbolisiert den Firmensitz von Azimut Holding S.p.A., ISIN IT0001050910, im Finanzviertel, Illustration mit AI erstellt.

Azimut stock (ISIN IT0003261697) was last at EUR 37.88 on Borsa Italiana on October 2, 2026, at 5:35 p.m. CEST, while the asset manager's H1 revenue rose 21 percent year over year to EUR 781 million. The figures from Quartr dated September 10, 2026, put operating growth ahead of the modest daily share-price change of 0.03 percent.

H1 revenue rises 21 percent

Azimut reported EUR 8.1 billion of net inflows in the first half of 2026, equal to 81 percent of its original full-year target, according to Quartr. Total client assets reached EUR 158 billion, up 12 percent year to date, and 53 percent of net inflows came from international operations.

The earnings mix also improved on a recurring basis. Recurring net profit increased 6 percent year over year to EUR 249 million, while reported group net profit stood at EUR 242 million and EBIT reached EUR 354 million, per Quartr.

KCM deal adds US scale

Azimut also agreed to acquire the remaining 49 percent of Kennedy Capital Management, taking its ownership to 100 percent. MarketScreener reported on September 21, 2026, that the cash transaction is expected to close by the end of 2026, subject to customary conditions.

The US boutique's assets under management had risen from USD 18.3 billion to more than USD 20 billion after consolidation into Azimut NSI at the start of 2026, according to MarketScreener. That expansion gives the group a larger US distribution platform while leaving Kennedy Capital's investment process unchanged.

Analysts set EUR 42.043 target

Analyst coverage remains constructive but not uniform. Investing.com lists a Buy consensus from seven analysts, with an average 12-month price target of EUR 42.043, a high target of EUR 50.00 and a low target of EUR 35.10. The average target lies 10.99 percent above the EUR 37.88 reference price.

The same Investing.com table shows Deutsche Bank upgrading Azimut to Buy on September 3, 2026, and raising its target from EUR 35.00 to EUR 46.00. The spread between the highest and lowest published targets underlines the importance of execution on acquisitions and international growth.

Azimut stock stays below yearly high

Azimut stock was last at EUR 37.88 on October 2, 2026, with a 52-week range of EUR 30.19 to EUR 40.39 and market capitalization of EUR 5.4 billion. The 627,051-share volume and the price's position below the yearly high leave the H1 growth figures and the acquisition pipeline as the main valuation reference points.