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Strong Net income[1] growth of +9.4%[2] and high net inflows of +€15bn in Q2
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Robust growth for net income and revenues |
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Q2 2024: Adjusted net income1,[3] of €350m, demonstrating strong growth: +9.4% Q2/Q2
H1 2024: adjusted net income1,3 of €668m, up +7.7% H1/H1 |
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Dynamic |
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Q2 2024: net inflows of +€15.5bn, including +€15.1bn in MLT assets[4],[5]
Assets under management up +10% year-on-year, reaching an all-time high of €2,156bn as of 30 June 2024 |
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Progress |
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Strong growth in Asia: €451bn in assets under management, +€15.4bn net inflows in Q2, with contributions from all countries
2 external operations signed since the start of the year: Alpha Associates and partnership with Victory Capital |
Amundi's Board of Directors, chaired by Philippe Brassac, met on 25 July 2024 and approved the financial statements for the first half and the second quarter of 2024.
Valérie Baudson, Chief Executive Officer, stated:
“Amundi achieved very good performance in the second quarter of 2024, both in terms of activity, with net inflows of over +€15bn, and financial results, with a net income up +9%1 compared to the same period in 2023.
Since the beginning of the year, the momentum of inflows has been particularly significant with our Third-Party distributor clients as well as in Asia. The breadth of our offering has been a major asset to meet the different needs of our clients, whether through our active management solutions, in particular fixed income, our structured products, or our passive management funds.
Our assets under management reached a new all-time high, at €2,156bn at end-June 2024.”
Footnotes
- ^ [1] Net income, Group share
- ^ [2] Growth of adjusted net income, Group share in Q2 2024 vs. Q2 2023
- ^ [3] Adjusted data: excluding amortisation of intangible assets related to distribution agreements and client contracts, and other non-cash charges relating to the acquisition of Alpha Associates, recorded under net financial income (see note p. 11)
- ^ [4] Medium/Long-Term Assets
- ^ [5] Excluding JVs
Expert
Valérie Baudson
Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Valérie Baudson is Deputy Chief Executive Officer of Crédit Agricole S.A. in charge of the asset management division and a member of the Executive Committee of Crédit Agricole SA since May 202[...]
Read moreContact
Corentin Henry
Head of Press Relations and Social Media
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. 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 €2.2 trillion of assets[2].
With its six international investment hubs[3], 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 5,700 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
Footnotes
