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
- Robust inflows of +€30bn excl. JVs
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] 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] MLT assets: Medium/Long-Term Assets, excluding treasury products.
- ^ [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].
To safeguard its communications, Groupe Crédit Agricole certifies its contents with Wiztrust. You can check their authenticity at www.wiztrust.com.
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