Net income* of €1.2bn and positive inflows of +€7bn
2022
Positive inflows of +€7bn, particularly on the highest-margin segments and areas of expertise, in a European asset management market that experienced large outflows1
- Retail (excl. JVs): +€10bn
- MLT assets (excl. JVs): +€8bn
Adjusted net income1,2 of €1.2bn, stable compared to 2021 excl. the exceptional level of performance fees
- Net management fees up by +7.6% vs. 2021, stable on a like-for-like basis2
- Operating expenses2 down vs. 2021 on a like-for-like basis4
- Cost/income ratio 53.3%2
Q4 2022
Net inflows of +€15bn
Adjusted net income* of €303m, up +7.5% Q4/Q3
- Sustained management fees and high level of performance fees
- Good cost control, cost/income ratio* at 52.1%
Lyxor
Full integration of Lyxor completed in less than nine months
First cost and revenue synergies generated more quickly than planned
Financial structure & Dividend
CET13 ratio at 19.1%, well above regulatory requirements
Dividend proposed to AGM identical to 2021: €4.10 per share
Amundi’s Board of Directors, chaired by Yves Perrier, convened on 7 February 2023 to review the fourth-quarter and full-year 2022 financial statements.
Amundi posted strong performances in 2022.
Our net income1 stood at €1.2bn, and our net inflows ended the year in decidedly positive territory, in contrast to the European asset management market.
These results were achieved thanks to the quality of our investment management teams, the adaptation of our product offering, but also thanks to our ability to lower our cost base in an unfavourable market environment.
In 2022 Amundi continued its development, focusing on the growth drivers of its 2025 Ambitions Plan, namely in real assets, passive management, technology, services and Asia.
Lastly, the integration of Lyxor was successfully completed in less than nine months. It makes Amundi a European leader in ETFs, with a fully-operational platform, and it is already delivering cost and revenue synergies.
Our agility, growth drivers, diversification, high level of profitability and financial solidity allow us to be confident in Amundi’s value-creating capacity.
We propose to our shareholders a dividend for 2022 stable vs. 2021.
* Net income, Group share
Adjusted data: excluding amortisation of the intangible assets, the integration costs related to Lyxor and, in 2021, the impact of Affrancamento (see note on p. 11).
[1] Source Morningstar, European open-ended funds, cross-border and domestic
[2] Constant scope: including Lyxor in 2021
[3] CET 1: Common Equity Tier 1
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