- Annual results up again (+12.2%1)
- Strong business activity
An excellent Q4 2019
AuM2 of €1,653bn at 31 December 2019, an increase of +16% vs. the end of 2018
Record net inflows2 of +€76.8bn, mainly driven by MLT assets3:
- Net flows (excl. JVs) of +€15.7bn3
- Net inflows of +€66.7bn3 in the JVs, driven by institutional clients in India
Accounting net income1 of €262m, up by +36.5% vs. Q4 2018
A year in line with targets
Net inflows of +€107.7bn (of which +€74.2bn from institutional clients in India)
Outside the JVs, inflows of +€23.8bn, driven by all customer segments and by MLT assets
Good financial performance in line with targets:
- Net revenues4 up sharply (+4.9% vs. 2018)
- A cost/income ratio5 of 50.9%, an improvement of 0.7 points over 2018
- Adjusted net income5 of €1,009m, up by +6.6% vs. 2018
Accounting net income of €959m, up by +12.2% vs. 2018
Two new strategic partnerships
- A new long-term distribution agreement in Spain with Banco Sabadell and acquisition of Sabadell AM
- Authorisation to create a new management company, with a majority stake, in China with BOC
Dividend
Dividend proposed at the General Meeting: €3.10 per share (+6.9% vs. 2018)
Amundi’s Board of Directors, chaired by Xavier Musca, convened on 11 February 2020 to approve the financial statements for 2019.
- Accounting net income: after amortisation of distribution contracts and, in 2018, integration costs.
- Inflows include assets under management and under advisory and assets sold and take into account 100% of the Asian JVs’ inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
- Medium-Long-Term (MLT) Assets: excluding treasury products
- Adjusted data: excluding amortisation of distribution contracts.
- Adjusted data: excluding amortisation of the distribution contracts and, in 2018, excluding integration costs.
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