Corporate Amundi : H1 2022 results

Resilient earnings in an unfavourable market environment

A high level of net income[1]: €593m in H1

Resilient business activity: +€5bn inflows in H1

Results

H1 2022: high level of net income and continued operational efficiency

  • Significant increase in net management fees (+12% vs. H1 2021 and +4.6% on a like-for-like basis2)
  • Operational efficiency maintained (53% cost/income ratio1)
  • High level of adjusted net income1: €593m

 

A resilient Q2

  • Resilient net management fees in an unfavourable environment
  • Lower performance fees, in line with market conditions
  • Stable operating expenses1
  • Adjusted net income1 of €269m

Business activity

A good 1st half: inflows3 of +€5.0bn, and +€11.0bn in MLT ex JVs4

  • Strong momentum in Retail(+€13.4bn in MLT assets4,5)
  • Limited outflows with Institutional clients: -€2.4bn in MLT assets4,5
  • Outflows in treasury products4 (-€27.6bn)
  • Buoyant net inflows in the Asian JVs (+€21.5bn)

 

Q2: positive inflows3 of +€1.8bn

  • Retail: resilient activity (-€0.9bn in MLT assets4,5),
  • Institutionals: outflows of -€9.1bn (MLT assets4,5), against a backdrop of derisking
  • Almost stable activity in treasury products4 (-€1.3bn)
  • Strong business momentum in JVs (+€13.1bn)

 

Assets under management of €1,925bn at 30/06/2022

Amundi’s Board of Directors, chaired by Yves Perrier, convened on 28 July 2022 to review the financial statements for the first half of 2022.

  1. Adjusted data: excluding amortisation of intangible assets and excluding integration costs and, in Q2 2021, excluding the impact of Affrancamento. See page 11 for definitions and methodology.
  2. vs. H1 combined with Lyxor
  3. Assets under management and net inflows including Lyxor AM as of Q1 2022 include assets under advisory and assets marketed and take into account 100% of the Asian JVs’ assets under management and net inflows. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
  4. Excl. JVs
  5. Medium/Long-Term Assets: excluding treasury products
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    07.29.2022 - PR - 2022 Amundi's H1 and Q2 results

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players1, 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. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.3 trillion of assets2.

With its six international investment hubs3, 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 5,600 employees in 35 countries.

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

www.amundi.com    

Footnotes

  1. Source: IPE "Top 500 Asset Managers" published in June 2024 based on assets under management as of 31/12/2023
  2. Amundi data as at 31/03/2025
  3. Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)

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