Corporate Amundi Third-quarter 2021 results

Solid results: €333m1 (+41.5% vs. Q3 2020)

Strong business momentum: net inflows of +€15bn in MLT assets2,3 in Q3 2021.

Results

  • Good level of net asset management revenues, driven by
  • net asset management fees of €707m, by +17.6% on Q3 2020 and +2.6% on Q2 2021
  • high performance fees (€90m)
  • Cost/income ratio of 48.4%1 (~50% excluding exceptional level of performance fees[4])
  • Adjusted net income1 up sharply, at €333m:
  • +41.5% vs. Q3 2020
  • Excluding the exceptional level of performance fees2, +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020

Business activity

  • Strong business momentum: high inflows3,5 of +€15bn in MLT assets, driven by active management (+€11.1bn) and all customer segments
  • Moderate outflows in treasury products3: -€2.2bn
  • Outflows of -€12.7bn in the JVs due to a one-off redemption
  • AuM5 of €1,811bn at 30/09/2021, up +8.9% year-on-year (+1.0% for the quarte

Amundi’s Board of Directors, chaired by Yves Perrier, convened on 3 November 2021 to review the financial statements for the third quarter and first nine months of 2021.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Earnings in the third quarter of 2021 were up sharply compared with the third quarter of 2020, driven by fast-growing revenues and controlled costs. Net inflows in Medium/Long-Term assets remained high at €15bn, driven by all areas of expertise and both Retail and Institutional customer segments.

With more than €800bn in ESG assets, Amundi is confirming its global leadership and pursuing the implementation of its ESG action plan.

The acquisition of Lyxor, scheduled for end December 2021, will accelerate Amundi’s growth, particularly in ETFs and in alternative investment expertise.
  1.  Adjusted data: excluding amortisation of the distribution contracts and Affrancamento. See page 8 for definitions and methodology
  2. Medium/Long-Term Assets: excluding treasury products
  3. Excl. JVs
  4. Exceptional level of performance fees = higher than average performance fees per quarter in 2017-2020
  5. Assets under management and net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets marketed and take into account 100% of the Asian JVs’ assets under management and net inflows. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
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In focus

Corporate

Résultats Amundi - Résultats annuels et du T4 2021

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A propos d'Amundi

Premier gérant d’actifs européen parmi les 10 premiers acteurs mondiaux1, Amundi propose à ses 100 millions de clients - particuliers, institutionnels et entreprises - une gamme complète de solutions d’épargne et d’investissement en gestion active et passive, en actifs traditionnels ou réels. Cette offre est enrichie de services et d’outils technologiques qui permettent de couvrir toute la chaîne de valeur de l'épargne. Filiale du groupe Crédit Agricole, Amundi est cotée en Bourse et gère aujourd’hui plus de 2 300 milliards d’euros d’encours2.

Ses six plateformes de gestion internationales3, sa capacité de recherche financière et extra-financière, ainsi que son engagement de longue date dans l’investissement responsable en font un acteur de référence dans le paysage de la gestion d’actifs.

Les clients d’Amundi bénéficient de l’expertise et des conseils de 5 600 professionnels dans 35 pays.

Amundi, un partenaire de confiance qui agit chaque jour dans l’intérêt de ses clients et de la société.

www.amundi.com    

Footnotes

  1. Source : IPE « Top 500 Asset Managers » publié en juin 2024 sur la base des encours sous gestion au 31/12/2023
  2. Données Amundi au 31/03/2025
  3. Paris, Londres, Dublin, Milan, Tokyo et San Antonio (via notre partenariat stratégique avec Victory Capital)

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