Corporate First Half & Second Quarter 2024 results

Strong Net income[1] growth of +9.4%[2] and high net inflows of +€15bn in Q2

Robust growth for net income and revenues

Q2 2024: Adjusted net income[1],[3] of €350m, demonstrating strong growth: +9.4% Q2/Q2

  • Thanks to revenue growth (+7.7%) and a positive jaws effect
     
  • Cost-income ratio improved vs. Q2 2023 and Q1 2024, at 51.9%[3]
     

H1 2024: adjusted net income[1],[3] of €668m, up +7.7% H1/H1

Dynamic and diversified net inflows

Q2 2024: net inflows of +€15.5bn, including +€15.1bn in MLT assets[4],[5]

  • Positive momentum in both active[5] (+€8.0bn) and passive management[5] (+€6.0bn)
     
  • Further development on Third-Party distributors: +€5.4bn
     
  • Strong business momentum in Employee savings schemes in France: +€3.8bn
     
  • Seasonal outflows in Treasury[5] (-€11.2bn)
     

Assets under management up +10% year-on-year, reaching an all-time high of €2,156bn as of 30 June 2024

Progress in our strategic priorities

Strong growth in Asia: €451bn in assets under management, +€15.4bn net inflows in Q2, with contributions from all countries

  • Strong net inflows in India (+€9.4bn), positive flows in the 2 Chinese JVs
     

2 external operations signed since the start of the year: Alpha Associates and partnership with Victory Capital

Amundi's Board of Directors, chaired by Philippe Brassac, met on 25 July 2024 and approved the financial statements for the first half and the second quarter of 2024.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Amundi achieved very good performance in the second quarter of 2024, both in terms of activity, with net inflows of over +€15bn, and financial results, with a net income up +9%1 compared to the same period in 2023.

Since the beginning of the year, the momentum of inflows has been particularly significant with our Third-Party distributor clients as well as in Asia. The breadth of our offering has been a major asset to meet the different needs of our clients, whether through our active management solutions, in particular fixed income, our structured products, or our passive management funds.

Our assets under management reached a new all-time high, at €2,156bn at end-June 2024.

Contact

Corentin Henry

Head of Press Relations and Social Media

[1] Net income, Group share

[2] Growth of adjusted net income, Group share in Q2 2024 vs. Q2 2023

[3] Adjusted data: excluding amortisation of intangible assets related to distribution agreements and client contracts, and other non-cash charges relating to the acquisition of Alpha Associates, recorded under net financial income (see note p. 11)

[4] Medium/Long-Term Assets

[5] Excluding JVs

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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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