Amundi : First Half & Second quarter 2023 results

Amundi's Board of Directors, chaired by Philippe Brassac, met on 27 July 2023 and approved the financial statements for the first half and the second quarter of 2023.

Valérie Baudson, Chief Executive Officer, said:

"Amundi posted a very strong financial performance in the second quarter, despite persistently uncertain markets. Its net income increased by +19% compared to the second quarter of 2022, to €320 million thanks to top line growth and very good cost control in an inflationary environment.

We were able to adapt our offer to meet the needs of investors, who are still predominantly risk-averse. This resulted in robust sales momentum, with positive inflows in both medium- and long-term assets and treasury products.

At the same time, we continued our development, gaining new clients for Amundi Technology and expanding our Responsible Investment offering".

[1]      Adjusted net attributable profit in the second quarter of 2023 compared to the second quarter 2022 (see note p. 8 for the detail of adjustments)

[2]      Net income Group share

[3]      Adjusted data: excluding amortisation of intangible assets and Lyxor integration costs in 2022 (see note p. 8)

[4]      Medium/Long-Term Assets excl. JVs

[5]           In number of ETFs