- Amundi saw net inflows of EU16.6 billion, significantly beating the estimated EU8.98 billion and marked a huge improvement from last year’s outflows of EU11.1 billion.
- Retail net inflows were recorded at EU6.5 billion, a rise from EU1.5 billion last year and surpassing the estimate of EU616.3 million.
- Institutional net inflows amounted to EU5.6 billion. This is a definite turnaround from the EU11.7 billion outflows recorded last year, and also beat the EU3.67 billion estimate.
- JVs inflows equalled EU4.5 billion, overcoming the loss of EU800 million from last year and exceeding the EU3.91 billion estimate.
- Assets under management rose by 9.4% y/y to total EU2.12 trillion, surpassing the estimated EU2.08 trillion.
- The firm’s retail assets under management grew by 12% y/y to total EU647 billion, also surpassing the estimated EU629.16 billion.
- Institutional assets under management grew by 6.9% y/y to EU1.14 trillion, matching the estimates.
- JVs assets under management hit EU332 billion, a 14% increase from the previous year and also surpassing the estimated EU325.8 billion.
- Adjusted net income increased by 6% y/y to EU318 million, beating the estimated EU303.5 million.
- Adjusted net revenue rose to EU824 million, a 3.8% increase from the previous year and surpassed the estimate of EU809.9 million.
- The cost to income ratio narrowed slightly to 53.3%, improving from 53.6% the previous year and better than the estimate of 53.5%.
A look at Amundi SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Amundi SA, a leading provider of investment management services, appears to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong emphasis on dividends and value, scoring 5 and 4 respectively, Amundi is positioned well for investors seeking stable returns and undervalued opportunities in the market. Additionally, the company shows promising momentum with a score of 4, indicating a potential for sustained growth in the future.
Despite slightly lower scores in growth and resilience at 3 and 2 respectively, Amundi SA‘s diversified offerings in savings, financial instruments, equity trading, and investment solutions cater to a wide range of customers globally. This diversification can provide a solid foundation for the company to weather market fluctuations and adapt to changing economic conditions over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
