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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_OfWhichGoodwill" xlink:label="loc_AZIMUT_OfWhichGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OfWhichGoodwill" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">di cui avviamento </link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashAndCashequivalents" xlink:label="loc_AZIMUT_CashAndCashequivalents" />
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_InsuranceassetsAbstract" xlink:label="loc_AZIMUT_InsuranceassetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InsuranceassetsAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">InsuranceAssets [abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_TangibleAssets" xlink:label="loc_AZIMUT_TangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TangibleAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività materiali</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AZIMUT_EquityInstrument" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Strumenti di capitale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_EquityInstrument" xlink:to="label_AZIMUT_EquityInstrument" />
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    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherReservesOther" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ValuationReserve" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve da valutazione</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ProfitsLossesAttributableToOwnersOfParent" xlink:label="loc_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitsLossesAttributableToOwnersOfParent" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile perdita d'esercizio</link:label>
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    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Insuranceassets" xlink:label="loc_AZIMUT_Insuranceassets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Insuranceassets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività assicurative</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Insuranceassets2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Attività assicurative</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TaxAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività fiscali </link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherProvisionsForRiskAndCharges" xlink:to="label_AZIMUT_OtherProvisionsForRiskAndCharges" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_AdministrativeExpensesAbstract" xlink:label="loc_AZIMUT_AdministrativeExpensesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdministrativeExpensesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Administrative expenses [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdministrativeExpensesAbstract" xlink:to="label_AZIMUT_AdministrativeExpensesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ProfitLossFromContinuingOperationsAbstract" xlink:label="loc_AZIMUT_ProfitLossFromContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitLossFromContinuingOperationsAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) from continuing operations [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitLossFromContinuingOperationsAbstract" xlink:to="label_AZIMUT_ProfitLossFromContinuingOperationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_NetProvisionsForRisksAndCharges" xlink:label="loc_AZIMUT_NetProvisionsForRisksAndCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetProvisionsForRisksAndCharges" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Accantonamenti netti ai fondi per rischi e oneri</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetProvisionsForRisksAndCharges" xlink:to="label_AZIMUT_NetProvisionsForRisksAndCharges" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xlink:label="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche riprese di valore nette su attività materiali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" xlink:to="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTangibleAssets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:label="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche riprese di valore nette su attività immateriali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="label_AZIMUT_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_AdministrativeExpenseStaffCosts" xlink:label="loc_AZIMUT_AdministrativeExpenseStaffCosts" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_AdministrativeExpenseStaffCosts" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Spese amministrative per il personale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_AdministrativeExpenseStaffCosts" xlink:to="label_AZIMUT_AdministrativeExpenseStaffCosts" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_OtherAdministrativeExpense" xlink:label="loc_AZIMUT_OtherAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OtherAdministrativeExpense" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre spese amministrative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OtherAdministrativeExpense" xlink:to="label_AZIMUT_OtherAdministrativeExpense" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ProfitLossBeforeTaxAbstract" xlink:label="loc_AZIMUT_ProfitLossBeforeTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitLossBeforeTaxAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) before tax [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitLossBeforeTaxAbstract" xlink:to="label_AZIMUT_ProfitLossBeforeTaxAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GrossIncomeAbstract" xlink:label="loc_AZIMUT_GrossIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GrossIncomeAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">gross income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GrossIncomeAbstract" xlink:to="label_AZIMUT_GrossIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_OperatingCosts" xlink:label="loc_AZIMUT_OperatingCosts" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_OperatingCosts" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Costi operativi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_OperatingCosts" xlink:to="label_AZIMUT_OperatingCosts" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_InterestIncomeAndSimilarRevenues" xlink:label="loc_AZIMUT_InterestIncomeAndSimilarRevenues" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InterestIncomeAndSimilarRevenues" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Interessi attivi e proventi assimilati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_InterestIncomeAndSimilarRevenues" xlink:to="label_AZIMUT_InterestIncomeAndSimilarRevenues" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_InterestExpenseAndSimilarCharges" xlink:label="loc_AZIMUT_InterestExpenseAndSimilarCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InterestExpenseAndSimilarCharges" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Interessi passivi e oneri assimilati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_InterestExpenseAndSimilarCharges" xlink:to="label_AZIMUT_InterestExpenseAndSimilarCharges" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_InterestExpenseAndSimilarCharges2" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interessi passivi e oneri assimilati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_InterestExpenseAndSimilarCharges" xlink:to="label_AZIMUT_InterestExpenseAndSimilarCharges2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilitiesAbstract" xlink:label="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">gains losses on disposals and repurchase of financial assets and liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilitiesAbstract" xlink:to="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:label="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">net gains losses on other financial assets liabilities at fair value through profit or loss [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GrossIncome" xlink:label="loc_AZIMUT_GrossIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GrossIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Margine di intermediazione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GrossIncome" xlink:to="label_AZIMUT_GrossIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GrossIncome2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Margine di intermediazione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GrossIncome" xlink:to="label_AZIMUT_GrossIncome2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xlink:label="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile Perdita cessione o riacquisto di</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xlink:to="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Utile Perdita cessione o riacquisto di</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities" xlink:to="label_AZIMUT_GainsLossesOnDisposalsAndRepurchaseOfFinancialAssetsAndLiabilities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value con impatto sulla redditività complessiva</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_AZIMUT_GainLossOnDisposalsOfFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Risultato netto delle altre attività e delle passività finanziarie valutate a fair value con impattoa conto economico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Risultato netto delle altre attività e delle passività finanziarie valutate a fair value con impattoa conto economico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_NetGainsLossesOnOtherFinancialAssetsLiabilitiesAtFairValueThroughProfitOrLoss2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività e passività designate al fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:label="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">altre attività finanziarie obbligatoriamente valutate a fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:to="label_AZIMUT_GainsLossesOnFinancialAssetsLiabilitiesMandatorilyAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ForeignExchangeDifferences" xlink:label="loc_AZIMUT_ForeignExchangeDifferences" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ForeignExchangeDifferences" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Differenze di cambio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ForeignExchangeDifferences" xlink:to="label_AZIMUT_ForeignExchangeDifferences" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ReservesFromSharePremium" xlink:label="loc_AZIMUT_ReservesFromSharePremium" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesFromSharePremium" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Sovrapprezzi di emissione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ReservesFromSharePremium" xlink:to="label_AZIMUT_ReservesFromSharePremium" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ReservesFromProfit" xlink:label="loc_AZIMUT_ReservesFromProfit" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesFromProfit" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre riserve di utili</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ReservesFromProfit" xlink:to="label_AZIMUT_ReservesFromProfit" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ReservesNotFromProfitNotFromValuation" xlink:label="loc_AZIMUT_ReservesNotFromProfitNotFromValuation" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ReservesNotFromProfitNotFromValuation" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ReservesNotFromProfitNotFromValuation" xlink:to="label_AZIMUT_ReservesNotFromProfitNotFromValuation" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ValuationReserves" xlink:label="loc_AZIMUT_ValuationReserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ValuationReserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve da valutazione</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ValuationReserves" xlink:to="label_AZIMUT_ValuationReserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_EquityInstruments" xlink:label="loc_AZIMUT_EquityInstruments" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_EquityInstruments" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Strumenti di capitali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_EquityInstruments" xlink:to="label_AZIMUT_EquityInstruments" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ProfitLossMember" xlink:label="loc_AZIMUT_ProfitLossMember" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ProfitLossMember" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile perdite di esercizio [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ProfitLossMember" xlink:to="label_AZIMUT_ProfitLossMember" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Equityattributabletoownersofparentmember" xlink:label="loc_AZIMUT_Equityattributabletoownersofparentmember" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Equityattributabletoownersofparentmember" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Patrimonio netto del gruppo</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Equityattributabletoownersofparentmember" xlink:to="label_AZIMUT_Equityattributabletoownersofparentmember" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Totalequity" xlink:label="loc_AZIMUT_Totalequity" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Totalequity" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">TotalEquity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Totalequity" xlink:to="label_AZIMUT_Totalequity" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_ChangesInOpeningBalance" xlink:label="loc_AZIMUT_ChangesInOpeningBalance" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_ChangesInOpeningBalance" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Modifica saldi  di apertura</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_ChangesInOpeningBalance" xlink:to="label_AZIMUT_ChangesInOpeningBalance" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_PreviousYearProfitLossAllocationReserves" xlink:label="loc_AZIMUT_PreviousYearProfitLossAllocationReserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_PreviousYearProfitLossAllocationReserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Allocazione risultato precedente Riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_PreviousYearProfitLossAllocationReserves" xlink:to="label_AZIMUT_PreviousYearProfitLossAllocationReserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_DividendsRecognisedAsDistributionsToOwners" xlink:label="loc_AZIMUT_DividendsRecognisedAsDistributionsToOwners" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_DividendsRecognisedAsDistributionsToOwners" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Dividendi rilevati come distribuzioni ai soci</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DividendsRecognisedAsDistributionsToOwners" xlink:to="label_AZIMUT_DividendsRecognisedAsDistributionsToOwners" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_DividendsRecognisedAsDistributionsToOwners2" xml:lang="it" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendi rilevati come distribuzioni ai soci</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_DividendsRecognisedAsDistributionsToOwners" xlink:to="label_AZIMUT_DividendsRecognisedAsDistributionsToOwners2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Profilloss" xlink:label="loc_AZIMUT_Profilloss" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Profilloss" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Riserve da utili (perdite) di esercizio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Profilloss" xlink:to="label_AZIMUT_Profilloss" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_TotalEquity" xlink:label="loc_AZIMUT_TotalEquity" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_TotalEquity" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">TotalEquity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_TotalEquity" xlink:to="label_AZIMUT_TotalEquity" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashflowsfromusedinoperatingactivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsfromusedinoperatingactivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsfromusedinoperatingactivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">CashFlowsFromUsedInOperatingActivities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsfromusedinoperatingactivitiesAbstract" xlink:to="label_AZIMUT_CashflowsfromusedinoperatingactivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashflowsfromusedinfinancialassetsclassifiedasoperatingactivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsfromusedinfinancialassetsclassifiedasoperatingactivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsfromusedinfinancialassetsclassifiedasoperatingactivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">CashFlowsFromUsedInFinancialAssetsClassifiedAsOperatingActivities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsfromusedinfinancialassetsclassifiedasoperatingactivitiesAbstract" xlink:to="label_AZIMUT_CashflowsfromusedinfinancialassetsclassifiedasoperatingactivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingActivities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivitiesAbstract" xlink:to="label_AZIMUT_CashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Cashflowsfromusedinoperatingactivities" xlink:label="loc_AZIMUT_Cashflowsfromusedinoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinoperatingactivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Flussi finanziari derivanti da (usati in) attività operative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinoperatingactivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flussi finanziari derivanti da (usati in) attività operative</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinoperatingactivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashflowsfrominvestingactivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsfrominvestingactivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsfrominvestingactivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">CashFlowsFromInvestingActivities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsfrominvestingactivitiesAbstract" xlink:to="label_AZIMUT_CashflowsfrominvestingactivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_CashflowsusedninvestingactivitiesAbstract" xlink:label="loc_AZIMUT_CashflowsusedninvestingactivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_CashflowsusedninvestingactivitiesAbstract" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">CashFlowsUsednInvestingActivities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_CashflowsusedninvestingactivitiesAbstract" xlink:to="label_AZIMUT_CashflowsusedninvestingactivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Otherinflowsoutflowsfromissuepurchaseoftreasuryshares" xlink:label="loc_AZIMUT_Otherinflowsoutflowsfromissuepurchaseoftreasuryshares" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Otherinflowsoutflowsfromissuepurchaseoftreasuryshares" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Emissioni acquisti di azioni proprie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Otherinflowsoutflowsfromissuepurchaseoftreasuryshares" xlink:to="label_AZIMUT_Otherinflowsoutflowsfromissuepurchaseoftreasuryshares" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Increasedecreaseofreserves" xlink:label="loc_AZIMUT_Increasedecreaseofreserves" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Increasedecreaseofreserves" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Variazione altre riserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Increasedecreaseofreserves" xlink:to="label_AZIMUT_Increasedecreaseofreserves" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Otherinflowsoutflowsfromsalepurchaseofminoritycontrol" xlink:label="loc_AZIMUT_Otherinflowsoutflowsfromsalepurchaseofminoritycontrol" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Otherinflowsoutflowsfromsalepurchaseofminoritycontrol" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Vendita acquisto di controllo di terzi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Otherinflowsoutflowsfromsalepurchaseofminoritycontrol" xlink:to="label_AZIMUT_Otherinflowsoutflowsfromsalepurchaseofminoritycontrol" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Profitlossattributabletoownersofparent" xlink:label="loc_AZIMUT_Profitlossattributabletoownersofparent" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Profitlossattributabletoownersofparent" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Utile (perdita), attribuibile ai soci della controllante</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Profitlossattributabletoownersofparent" xlink:to="label_AZIMUT_Profitlossattributabletoownersofparent" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Netvalueadjustmentswritebacksontangibleandintangibleassetsotherlabels" xlink:label="loc_AZIMUT_Netvalueadjustmentswritebacksontangibleandintangibleassetsotherlabels" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Netvalueadjustmentswritebacksontangibleandintangibleassetsotherlabels" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Rettifiche di valore nette su immobilizzazioni materiali e immateriali</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Netvalueadjustmentswritebacksontangibleandintangibleassetsotherlabels" xlink:to="label_AZIMUT_Netvalueadjustmentswritebacksontangibleandintangibleassetsotherlabels" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Netprovisionsforrisksandchargesandotherexpensesincome" xlink:label="loc_AZIMUT_Netprovisionsforrisksandchargesandotherexpensesincome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Netprovisionsforrisksandchargesandotherexpensesincome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Accantonamenti netti a fondi rischi ed oneri ed altri costi/ricavi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Netprovisionsforrisksandchargesandotherexpensesincome" xlink:to="label_AZIMUT_Netprovisionsforrisksandchargesandotherexpensesincome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Unpaiddutiestaxesandtaxcredits" xlink:label="loc_AZIMUT_Unpaiddutiestaxesandtaxcredits" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Unpaiddutiestaxesandtaxcredits" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Imposte e tasse e crediti d'imposta non liquidati</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Unpaiddutiestaxesandtaxcredits" xlink:to="label_AZIMUT_Unpaiddutiestaxesandtaxcredits" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" xlink:label="loc_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità generata assorbita dalle attività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità generata assorbita dalle attività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinfinancialassetsclassifiedasoperatingactivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsdesignatedatfairvalue" xlink:label="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsdesignatedatfairvalue" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsdesignatedatfairvalue" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsdesignatedatfairvalue" xlink:to="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsdesignatedatfairvalue" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsforincreasedecreaseininsurancereinsuranceassets" xlink:label="loc_AZIMUT_Adjustmentsforincreasedecreaseininsurancereinsuranceassets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsforincreasedecreaseininsurancereinsuranceassets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">AdjustmentsForIncreaseDecreaseInInsuranceReinsuranceAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsforincreasedecreaseininsurancereinsuranceassets" xlink:to="label_AZIMUT_Adjustmentsforincreasedecreaseininsurancereinsuranceassets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsfordecreaseincreaseinotherfinancialassetsmandatorilyatfairvalue" xlink:label="loc_AZIMUT_Adjustmentsfordecreaseincreaseinotherfinancialassetsmandatorilyatfairvalue" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsfordecreaseincreaseinotherfinancialassetsmandatorilyatfairvalue" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre attività obbligatoriamente detenute a fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsfordecreaseincreaseinotherfinancialassetsmandatorilyatfairvalue" xlink:to="label_AZIMUT_Adjustmentsfordecreaseincreaseinotherfinancialassetsmandatorilyatfairvalue" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatfairvaluethroughothercomprehensiveincome" xlink:label="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatfairvaluethroughothercomprehensiveincome" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatfairvaluethroughothercomprehensiveincome" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Attività finanziarie valutate al fair value con impatto sulla redditività complessiva</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatfairvaluethroughothercomprehensiveincome" xlink:to="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatfairvaluethroughothercomprehensiveincome" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatamortisedcost" xlink:label="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatamortisedcost" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatamortisedcost" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">attività finanziarie valutate al costo ammortizzato</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatamortisedcost" xlink:to="label_AZIMUT_Adjustmentsfordecreaseincreaseinfinancialassetsatamortisedcost" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Liquiditygeneratedabsorbedbyotherassets" xlink:label="loc_AZIMUT_Liquiditygeneratedabsorbedbyotherassets" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Liquiditygeneratedabsorbedbyotherassets" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Altre attività</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Liquiditygeneratedabsorbedbyotherassets" xlink:to="label_AZIMUT_Liquiditygeneratedabsorbedbyotherassets" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" xlink:label="loc_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">Liquidità generata assorbita dalle passività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities2" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liquidità generata assorbita dalle passività finanziarie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities" xlink:to="label_AZIMUT_Cashflowsfromusedinfinancialliabilitiesclassifiedasoperatingactivities2" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsforincreasedecreaseinfinancialliabilitiesatamortisedcost" xlink:label="loc_AZIMUT_Adjustmentsforincreasedecreaseinfinancialliabilitiesatamortisedcost" />
    <link:label xlink:type="resource" xlink:label="label_AZIMUT_Adjustmentsforincreasedecreaseinfinancialliabilitiesatamortisedcost" xml:lang="it" xlink:role="http://www.xbrl.org/2003/role/label">passività finanziarie valutate al costo ammortizzato</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_AZIMUT_Adjustmentsforincreasedecreaseinfinancialliabilitiesatamortisedcost" xlink:to="label_AZIMUT_Adjustmentsforincreasedecreaseinfinancialliabilitiesatamortisedcost" />
    <link:loc xlink:type="locator" xlink:href="81560025690EF8540635-2023-12-31.xsd#AZIMUT_Adjustmentsforincreasedecreaseofifnancialliabilitiesdesignatedatfairvalue" xlink:label="loc_AZIMUT_Adjustmentsforincreasedecreaseofifnancialliabilitiesdesignatedatfairvalue" />
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