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Amundi confirms its strategic ambitions as part of Crédit Agricole S.A.’s 2022 Medium-Term Plan

London, UK,

Paris, 6 June 2019

Crédit Agricole S.A. published this morning its 2022 Medium-Term Plan.

The objectives selected for Amundi within this Plan follow on from its plan announced in February 2018.

Amundi’s ambition remains unchanged: to be among the global leaders in the asset management industry, thanks to:

- the quality of the expertise and services it offers to its clients;

- its strong growth and profitability trends;

- its position as a committed financial player, in line with the three-year action plan on Responsible Investment, announced in October 2018.

 

Amundi’s financial targets for the period of the new Plan are as follows:

- An average annual adjusted net income growth target1 of +5%2 between 2018 and 2022;

- A cost/income ratio of 53%1 or less. 

 

As part of this Plan, Amundi is confirming its 2020 profitability targets:

- accounting net income ≥ €1bn,

- adjusted net income ≥ €1.05bn.

 

All of these objectives assume a neutral market effect over the period of 2018-2022.

 

In addition, the dividend payout ratio will continue to be at 65%.

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 4,800 employees in more than 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages nearly €1.8 trillion of assets[3].

 

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com    

Footnotes

 

  1. ^ [1] Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020
  2. ^ [2] Boston, Dublin, London, Milan, Paris and Tokyo
  3. ^ [3] Amundi data as of 30/06/2021

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