Corporate Amundi - Q3 and 9M 2020 results

Inflows of €35bn in Q3 2020, and net income1 of €235m, i.e. +2.3% vs Q3 2019

Ambitious targets for Asia, thanks in particular to the new subsidiary in China with BoC2

Business activity

  • AuM3 of €1,662bn at 30 September 2020, an increase of +6.4% year-on-year (+4.4% vs. the end of June 2020)
  • High inflows of +€34.7bn in Q3, fuelled by all segments:
  • +€22.0bn4 in treasury products
  • +€4.7bn in MLT assets3,5
  • Sustained momentum in the JVs (+€8.1bn)

Results

  • Solid results:
  • In Q3:
    • adjusted net income1 still high: €235m (+2.3% vs. Q3 2019 and +1.0% vs. Q2 2020)
    • cost/income ratio of 51.2%1, stable
  • Over the first nine months of the year, adjusted net income1 of €674m (-8.3% vs. 9M 2019), virtually stable excluding financial income (impacted by the market downturn

Asia

  • Positions that are already strong across the entire region (€303bn in AuM6), thanks to a pragmatic approach combining JVs and subsidiaries
  • The new subsidiary with BoC WM has significantly enhanced the potential for growth in China
  • Ambitious targets for 2025:
  • For Amundi BoC WM: more than €60bn in AuM and more than €50m in net income7
  • In Asia, an AuM target of €500bn 

Amundi’s Board of Directors, chaired by Xavier Musca, convened on 29 October 2020 to review the financial statements for the third quarter and first nine months of 2020.

Yves Perrier

Amundi's CEO
In the third quarter of 2020, Amundi posted solid operating performance both in terms of business activity and results. The high level of inflows (+€35bn) was driven by all client segments, and net income1 (€235m) increased +2.3% compared to Q3 2019.

Thanks to its diversified business model and its operating efficiency, Amundi is therefore confirming its ability to combine growth and profitability, in spite of a market environment, which remains fragile due to the Covid-19 crisis.

Asia is a major focus of Amundi’s expansion strategy. In the space of five years, Amundi’s Asian AuM tripled, reaching more than €300bn. The launch of the new subsidiary in China with BoC give Amundi a unique position in this fast-developing market. Thanks to this new growth driver and the favourable momentum of its other activities in Asia, Amundi is targeting AuM of €500bn in the region by 2025.
  1. Adjusted data: excluding amortisation of distribution contracts; See page 8 for definitions and methods.
  2. Bank of China
  3. Assets under management and net inflows including Sabadell AM as of Q3 2020 and including 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.
  4. Excl. JVs
  5. Medium-Long-Term Assets: excluding treasury products
  6. At 30/09/2020
  7. Net contribution at 100%
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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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