November 17, 2023by Amundi
High net inflows of +€14bn and net income2,3 up Q3/Q3 to €290m
High inflows | Q3 net inflows: +€13.7bn, in MLT assets[1], Treasury products and JVs
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Profitability maintained at a high level | Q3 2023:Adjusted net income[2],[3]of €290m, +3% Q3/Q3
9M 2023:Adjusted net income2,3of €910m, +4.0% 9M/9M
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Continued development in our strategic priorities | Passive management-Q3 inflows: +€10.8bnAsia-Q3 inflows: +€3.4bn, with continued development in India, stabilisation in ChinaResponsible Investment-extension of the range
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Amundi's Board of Directors, chaired by Philippe Brassac, convened on 26 October 2023 to review the financial statements for the third quarter and first nine months of 2023.
Valérie Baudson, Chief Executive Officer, said:
"Amundi posted a good performance in terms of both business activity and financial results in the third quarter of 2023.
Our solutions, adapted to the high-interest-rate and high-inflation environment, continued to attract many clients against a backdrop of uncertainty, still characterised by significant risk aversion. Amundi generated high inflows of +€14bn, driven by our two strategic development priorities, passive management and Asia.
Net income was high, reflecting Amundi's good operational efficiency and diversified profile. Quarter after quarter, these results confirm the Group's effective positioning on long-term growth trends and the relevance of our strategic plan."
Footnotes- ^[1] Medium/Long-Term Assets, excluding JVs
- ^[2] Net income, Group share
- ^[3] Adjusted data: excluding the amortisation of intangible assets and Lyxor integration costs in 2022 (see Note on p. 8).
- ^[4] As part of the Alba 2 investment programme
- ^[5] In number of ETFs
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Amundi SA published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 11:46:01 UTC.