10.02.2021

Amundi : 2020 4th Quarter and Annual results

An excellent fourth quarter: net income of €288m, a +5% growth vs. Q4 2019

In 2020, Amundi continued its profitable growth trajectory

Numerous strategic initiatives that will foster future growth

An excellent Q4 2020

  • Highest quarterly net income since Amundi was created: €288m1
  • AuM[1] of €1,729bn at 31/12/2020, up +4.4% for the quarter
  • Inflows2 of €14.4bn in Q4
    • Robust inflows of +€30bn excl. JVs
      • Continued recovery in MLT[2] asset flows (+€12.3bn)
    • Good business momentum in the JVs, and outflows in low-margin products

In 2020, Amundi continued its profitable growth trajectory

  • Solid results (€962m1), stable excluding the impact of the market downturn
    • Excellent operational efficiency maintained with operating expenses down (-2.6%) and cost/income ratio1 at 51.7%
  • Strong net inflows (+€45bn)
  • Very solid financial structure (CET 1 ratio of 20%)

Dividend

  • Dividend policy resumed, with a dividend of €2.90 per share[3]

Numerous strategic initiatives in 2020

  • Renewal  of the partnership with Société Générale
  • Acquisition of Sabadell AM, and 10-year distribution agreement with Banco Sabadell
  • Launch of the new subsidiary with BOC in China
  • Creation of Amundi Technology, a new business line of technology products and services

ESG

  • As a recognised leader in Responsible Investing, Amundi meets the commitments announced in 2018

 


 

As of 10 May 2021, date of the next General Meeting, the Amundi governance is evolving as following:

  • Valérie Baudson is succeeding Yves Perrier as CEO 
  • Yves Perrier becomes Chairman of the Board of Amundi

 

Footnotes

 

  1. ^ [1] Assets under management and inflows including Sabadell AM as of Q3 2020 and include assets under advisory and assets marketed and take into account 100% of the Asian JVs’ inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
  2. ^ [2] MLT assets: Medium/Long-Term Assets, excluding treasury products.
  3. ^ [3] Proposed at the AGM on 10/05/2021

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 4,500 employees in nearly 40 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.7 trillion of assets[3].

 

 

 

  1. ^ [1] Source: IPE “Top 500 Asset Managers” published in June 2020, based on assets under management as at 31/12/2019
  2. ^ [2] Boston, Dublin, London, Milan, Paris and Tokyo
  3. ^ [3] Amundi data as of 31/12/2020
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