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Confirmation and extension by one year of Amundi’s financial targets in the Medium-Term Plan 2016-2019 of Crédit Agricole S.A.

Paris, France, 3/9/16,  by Amundi

This morning Crédit Agricole S.A. published its 2016-2019 Medium-Term Plan which will be and will presented in London today. As part of this Plan, the key financial targets disclosed by Amundi at the time of its initial public offering (IPO) last November are confirmed and have been extended by one year, from 2018 to 2019.

 

Consequently, net inflows[1] are expected to reach 160 billion euros over four years, from 2016 to 2019, i.e. 40 billion euros per year in average as announced at the time of the IPO. The targeted annual growth of earnings per share[2] is confirmed at an average of 5% over 2016 to 2019.

As announced at Amundi’s 2015 earnings presentation on 12th February, the dividend distribution policy has been increased compared to the IPO guidance; the dividend payout ratio will be a minimum of 65%, with a minimum dividend per share of 2.05 euros.

 

 

 

 

[1] Assets under management and net inflows include 100% of net inflows from and assets managed by joint ventures, excluding Wafa in Morocco, for which assets under management are reported on a proportional consolidation basis.

[2] Compared to FY 2015 net profit Group share excluding IPO expenses: 528m€, i.e. 3.16€ per share

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About Amundi

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10[1] globally. It manages 1,487 billion[2] euros of assets across six main investment hubs[3]. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.

Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.

 

Amundi. Confidence must be earned.

Visit www.amundi.com for more information or to find an Amundi office near you.

 

Footnotes

 

  1. ^ [1] Source IPE “Top 400 asset managers” published in June 2019 and based on AUM as of end December 2018
  2. ^ [2] Amundi figures as of June 30, 2019
  3. ^ [3] Investment hubs: Boston, Dublin, London, Milan, Paris and Tokyo

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