Corporate Amundi - First Half 2019 results

  • Accounting net income of €480m (up +5.6% vs. H1 2018)
  • Growth in-line with targets of 3-year plan

Results

A high level of net income, and again on the rise:

  • Accounting net income of €480m, up by +5.6% vs. H1 2018
  • Adjusted net income1 of €505m, up by +2.7% vs. H1 2018
    • Total net revenues1 nearly stable at €1,332m
    • Operating costs under control with a cost/income ratio1 of 51.1%

Business activity

  • AuM of €1,487 bn2 at 30 June 2019, an increase of +4.3% vs. the end of December 2018
  • In H1 2019
    • Sustained high inflows2 in MLT assets3: +€8.0bn excluding reinternalisation of a mandate in Italy4
    • Total net outflows of -€11.7bn due to:
  • Substantial outflows from treasury products (-€13.4bn)
  • The reinternalisation in Q1 2019 of an institutional mandate in Italy (-€6.3bn)
  • In Q2 2019, net outflows2 of -€4.8bn, related to seasonal outflows from treasury products

Amundi’s Board of Directors, chaired by Xavier Musca, convened on 30 July 2019 to review the financial statements for the first half of 2019.

Yves Perrier

Amundi's CEO
In the first half of 2019, Amundi confirmed the solidity of its business model. Results have increased again, in line with the targets of the three-year plan. This increase in profitability reflects both the resiliency of business and margins in a more difficult environment, and the full effect of the synergies from the Pioneer acquisition. Amundi has continued to strengthen its organization with targeted recruitment (mainly for passive management and real assets). In addition, Amundi has launched several Responsible Investing initiatives, in keeping with the plan announced in October 2018
  1. Adjusted data: excluding amortisation of the distribution contracts and, in 2018, excluding costs associated with the integration of Pioneer
  2. Assets under management and net inflows include assets under advisory and assets sold and take into account 100% of assets under management and net inflows on the Asian JVs. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
  3. Medium-Long-Term (MLT) Assets: excluding treasury products
  4. Reinternalisation of an Italian institutional mandate for -€6.3bn in Q1 2019
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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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