The company, which had guided for a 2021 net profit in range of 350-500 million euros, said the new estimate would point to the highest full-year net result on record for the group.

Azimut added that net inflows in 2021 totalled 18.7 billion euros, while total assets amounted to 83.2 billion euros.

($1 = 0.8802 euros)

(Reporting by Federico Maccioni, editing by Cristina Carlevaro)