Corporate Amundi: First quarter 2023 results

A high net income¹,² at €300 million

Results

Adjusted net income1,2 of €300 million, thanks to a diversified profile and operational efficiency

  • Resilient management fees Q1/Q1 despite unfavourable market impacts
  • Good cost control in an inflationary environment

 

Cost/income ratio at 53.6%2

Activity

Healthy inflows for Retail and the JVs in India and Korea

  • Retail (excluding JV et Amundi BOC WM): +€4.3 billion, including +4.2 in MLT assets3, thanks to the success of the offers adapted to the new context: structured products and Buy & Watch bond funds
  • SBI MF (India) +€2.8 billion and NH-Amundi (Korea) +€1.6 billion

 

Total flows (-€11.1 billion) impacted by redemptions for very-low-margin institutional assets

Continued development initiatives

Amundi Technology: 4 new clients in Q1

Fund Channel: closing of the transaction with CACEIS, which acquires 33.33% of FC’s capital to develop fund execution and offer an integrated service to distributors

Responsible investment:  €822 billion in assets under management as at 31 March 2023, extension of the range of funds aligned to a Net Zero trajectory4

The Amundi Board of Directors meeting of 27 April 2023, chaired by Yves Perrier, approved the financial statements for Q1 2023.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Amundi delivered a good performance in the first quarter of 2023, in an uncertain market environment.

Our adjusted net income remained stable at €300 million compared to the fourth quarter of 2022, thanks to the resilience of our revenues and good cost control. The productivity gains and continued synergies generated by the integration of Lyxor have enabled us to absorb the effects of inflation while continuing to invest.

I would also like to underline the healthy inflows of our Retail activities over the quarter, whether for our partner networks in France and abroad or for our third-party distributors

[1] Attributable net income

[2] Adjusted data: excludes amortisation of intangible assets, and in 2022 Lyxor integration costs (see note p. 8)

[3] MLT: Medium/Long Term

[4] All Net Zero Ambition passive management funds comply with the EU’s CTB/PAB criteria

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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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