Third-quarter 2021 results
Results
– Good level of net asset management revenues, driven by net asset management fees of €707m, by +17.6% on Q3 2020 and +2.6% on Q2 2021 high performance fees (€90m)
– Cost/income ratio of 48.4%1 (~50% excluding exceptional level of performance fees4)
– Adjusted net income1 up sharply, at €333m:
+41.5% vs. Q3 2020
Excluding the exceptional level of performance fees2, +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020
Business activity
– Strong business momentum: high inflows3,5 of +€15bn in MLT assets, driven by active management (+€11.1bn) and all customer segments
– Moderate outflows in treasury products3: -€2.2bn
– Outflows of -€12.7bn in the JVs due to a one-off redemption
– AuM5 of €1,811bn at 30/09/2021, up +8.9% year-on-year (+1.0% for the quarter)
Amundi’s Board of Directors, chaired by Yves Perrier, convened on 3 November 2021 to review the financial statements for the third quarter and first nine months of 2021.
Commenting on the figures, Valérie Baudson, CEO, said:
“Earnings in the third quarter of 2021 were up sharply compared with the third quarter of 2020, driven by fast-growing revenues and controlled costs. Net inflows in Medium/Long-Term assets remained high at €15bn, driven by all areas of expertise and both Retail and Institutional customer segments.
With more than €800bn in ESG assets, Amundi is confirming its global leadership and pursuing the implementation of its ESG action plan.
The acquisition of Lyxor, scheduled for end December 2021, will accelerate Amundi’s growth, particularly in ETFs and in alternative investment expertise.”
Please find further information in the attachement.
Amundi Deutschland GmbH
Arnulfstraße 124 – 126
80636 München
Telefon: +49 (89) 992260
Telefax: +49 (800) 777-1928
http://www.amundi.de
Telefon: +49 (89) 992262-374
E-Mail: anette.baum@amundi.com
