Italian asset manager Azimut has reported 2019 earnings of around €360 to €370m on revenues of more than a billion euros. The Italian manager also said in a note that it now expects to achieve a net profit of at least €300m in 2020 by growing its business in Italy and abroad. It had previously forecast a net profit of €250-300m. Assets under management of the Italian fund industry as a whole stood at €2.280bn at the end of November 2019 compared to €2.017bn in 2018, according to Italy's industry body association Assogestioni.
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