Azimut stock reports 21 percent H1 revenue growth

Published on 10/05/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azimut stock was last at EUR 37.60 on October 5, 2026, down 0.74 percent. H1 revenue reached EUR 781 million, up 21 percent year over year.

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Azimut Holding (ISIN IT0003261697) reported EUR 781 million in first-half 2026 revenue, up 21 percent year over year, while its shares were last at EUR 37.60 on Borsa Italiana on October 5, 2026. The company is pairing that growth with international expansion and a November reporting date that gives investors a concrete next checkpoint.

H1 revenue reaches EUR 781 million

According to Quartr in its September 10, 2026 summary, recurring revenue increased 16 percent in H1 2026, while recurring EBIT rose 10 percent to EUR 310 million. Reported group net profit was EUR 242 million and recurring net profit reached EUR 249 million, an increase of 6 percent from the year-earlier period.

The operating picture therefore has two distinct drivers: revenue growth of 21 percent and a slower 6 percent increase in recurring profit. That gap puts the emphasis on cost discipline and the earnings contribution from Azimut's international businesses as the group expands beyond Italy.

Seven analysts favor the shares

Investing.com lists a Buy consensus from seven analysts, with four Buy ratings, three Holds and no Sell ratings. The average 12-month price target is EUR 42.043, with a high estimate of EUR 50.00 and a low estimate of EUR 35.10.

At EUR 37.60, the average target lies 11.8 percent above the October 5 price. That spread is a quantified measure of the market's earnings expectations, while the low target of EUR 35.10 sits below the latest quote and shows that the consensus is not uniform.

KCM deal adds an expansion test

Azimut's international strategy also includes the acquisition of the remaining 49 percent of Kennedy Capital Management. MarketScreener reported on September 21, 2026, that the transaction would take Azimut's stake to 100 percent and was expected to close by the end of 2026, subject to customary conditions.

The same report said assets under management at Azimut NSI had risen from USD 18.3 billion to more than USD 20 billion since consolidation began in 2026. The KCM transaction consequently adds a delivery test to the growth story: the acquired platform must convert scale and distribution access into recurring earnings.

Stock trades below yearly high

Azimut stock was last at EUR 37.60 on Borsa Italiana at 5:35 p.m. CEST on October 5, 2026, down 0.74 percent from the previous close of EUR 37.88. The session range was EUR 37.36 to EUR 38.43, while the 52-week range was EUR 30.19 to EUR 40.39.

The market capitalization was EUR 5.3 billion and trading volume was 805,419 shares on October 5, 2026. MarketScreener lists November 5, 2026, as the publication date for Azimut's Q3 2026 results, making operating profit conversion and international growth the next measurable checkpoints.