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09-02-2022
Amundi : 2021 4th Quarter and Annual results
Strong increase of earnings: net income1of €1,315m (+37%)
Very robust business momentum: +€75bn in MLT assets2 excl. JVs
AuM of €2,064bn with the consolidation of Lyxor as of 2021 year end
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An excellent Q4 20213 |
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Net inflows of +€65.6bn, driven by MLT assets, Retail, a recovery of treasury products, and JVs Adjusted net income of €328m, up +13.9% vs. Q4 2020 |
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20213: High inflows and better-than-targeted results |
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Very strong business momentum, with net flows of +€60.2bn fuelled by:
Excellent, above-target, financial performances:
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Dividend
Solid financial structure after Lyxor |
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Significantly higher dividend: €4.1 per share, i.e. +41% vs. 2020
Increased net tangible equity (€3.5bn at end-2021 post-Lyxor acquisition) CE1 ratio6 of 16.1% |
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Major achievements and strategic initiatives |
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Strong growth in Retail, driven largely by third-party distributors Development of activities in Asia and successful JV launch with BOC ESG: 2018-2021 targets exceeded and new 2025 targets announced Ramping up of Amundi Technology Lyxor acquisition finalised |
Amundi’s Board of Directors, chaired by Yves Perrier, convened on 8 February 2022 to approve the fourth-quarter and full-year 2021 financial statements.
Yves Perrier, Chairman, commented:
“By leveraging on initiatives in line with our strategic objectives and identified growth drivers, Amundi succeeded in amplifying its profitable growth trajectory in 2021: creation of a subsidiary in China with Bank of China, launch of Amundi Technology, acquisitions of Sabadell Asset Management and of Lyxor“.
Commenting on the figures, Valérie Baudson, CEO, added:
“Amundi surpassed in 2021 the €2Tn of assets under management milestone, thanks to the acquisition of Lyxor and to its strong commercial momentum, as evidenced by record asset collection in MLT assets.
With the adjusted net income up 37% at 1.3 Bn€, we have exceeded the targets of our medium-term 2018-2022 strategic plan.
We have also met all the objectives of our ESG plan, confirming our leadership in the field of responsible investment. Thanks to its comprehensive range of investment solutions, its technology as well as services and solutions, Amundi is well-positioned to continue on its growth trajectory”.
1 Net income, Group share. Adjusted data: excluding amortisation of distribution agreements and, in 2021, excluding costs associated with the integration of Lyxor (€12m in Q4 2021 after tax and €16m before tax) and excluding the impact of Affrancamento (€114m Q2 2021, see note 35).
2 Medium/Long-Term Assets; excluding Joint Ventures. Lyxor data not included.
3 Q4 and FY data do not include Lyxor figures, the acquisition of which was not finalised until 31 December 2021.
4 Excl. JVs
5 Exceptional level of performance fees = higher-than-average performance fees per quarter in 2017-2020 (€42m).
6 CET 1: Core Equity Tier 1
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.
With its six international investment hubs2, 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 5,300 employees3 in more than 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.0 trillion of assets4.
PR Amundi results 2021.pdf
09-02-2022
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