Newsroom
Sharp improvement in annual results
Accounting net income[1] of €855m, up 25.5% vs. 2017
Successful integration of Pioneer
An acquisition that strengthens Amundi’s business model and its European leadership position
A transaction that creates significant value:
total synergies raised to €175m, vs €150m originally announced
Footnotes
|
FY 2018 |
Annual results in line with stated targets, despite an unfavourable environment
Strong net inflows[3] (+€42bn), driven mainly by MLT assets[4] (+€36bn) |
|
In Q4 2018 |
Quarterly adjusted net income remains high (€225m)
Net outflows of -€6.5bn with a resilient Retail activity (+€0.5bn) |
|
Integration of Pioneer |
A successful transaction:
|
|
Dividend |
Dividend proposed at the General Meeting: €2.90 per share (+16% vs. 2017) |
Paris, 13 February 2019
Amundi’s Board of Directors, chaired by Xavier Musca, convened on 12 February 2019 to approve the financial statements for 2018.
Commenting on the figures, Yves Perrier, CEO, said:
“Despite an unfavourable market environment, Amundi's results increased sharply once again in 2018. There are two factors behind this improvement. First, business momentum remained strong, despite the market context, and benefited from Amundi’s significant international presence, particularly in Asia. Second, the Pioneer integration has been a success, and the acquisition has significantly strengthened Amundi's business model; the integration was executed quickly and competently, and therefore the total amount of synergies has been increased to €175m per year ”.
Please find attached below the full press release.
Contact
Fany De Villeneuve
UK - International Press Relations
About Amundi
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 5,400 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[3].
Amundi, a trusted partner, working every day in the interest of its clients and society
Footnotes
- Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
- Boston, Dublin, London, Milan, Paris and Tokyo
- Amundi data including Lyxor as at 30/06/2022
