Azimut stock reports 21.00 percent H1 revenue growth at EUR 39.59

Azimut stock was last at EUR 39.59 on Borsa Italiana on September 30, 2026 at 9:53 a.m. CEST, up 0.41 percent from the prior close of EUR 39.43. The key operating signal comes from the first half of 2026, when revenue and recurring earnings both advanced.

Revenue reaches EUR 781 million

According to Quartr in its September 10, 2026 earnings summary, Azimut reported EUR 781.00 million of total revenue for H1 2026, up 21.00 percent year over year. EBIT reached EUR 354.00 million, while recurring EBIT increased 10.00 percent to EUR 310.00 million.

The earnings mix matters because recurring net profit rose 6.00 percent year over year to EUR 249.00 million, compared with reported net profit of EUR 242.00 million. Net inflows reached EUR 8.10 billion in the first half, equivalent to 81.00 percent of the original full-year target.

Analyst target moves to EUR 46

As Investing.com reported on September 3, 2026, Deutsche Bank upgraded Azimut from hold to buy and raised its price target from EUR 35.00 to EUR 46.00. The target increase of EUR 11.00 represents a 31.43 percent rise versus the previous target.

The upgrade followed Azimut's mergers and acquisitions activity, including the planned purchase of Yap? Kredi Portföy for EUR 305.00 million. The H1 summary also lists a EUR 250.00 million share buyback and EUR 284.00 million in dividends distributed in May 2026, putting capital returns alongside earnings growth in the investment case.

Stock remains below yearly high

Azimut's market capitalization was EUR 5.6 billion on September 30, 2026. Its 52-week range was EUR 30.19 to EUR 40.39, placing the latest EUR 39.59 quote EUR 0.80 below the yearly high and 1.98 percent beneath it.

The company describes its business as a global platform spanning asset management, wealth management, investment banking and fintech for retail and institutional clients, according to its Azimut Group investor-relations page. That combination gives the latest figures two distinct angles: recurring earnings expansion and growth through acquisitions.