- Amundi’s net inflows for the second quarter reached €20.4 billion, marking a 32% increase compared to the previous year, significantly surpassing the estimated outflows of €2.82 billion.
- Retail net inflows were €1.4 billion, which is a 36% decrease year over year, falling short of the estimated €5.84 billion.
- Institutional net inflows increased to €8.7 billion, compared to €1.7 billion a year ago, easily exceeding the forecast of €3.28 billion.
- Joint Ventures (JVs) posted inflows of €10.3 billion, a decrease of 11% year over year, but surpassing the expected loss of €10.89 billion.
- The total assets under management rose to €2.27 trillion, a 5.1% increase from the previous year, beating the estimate of €2.22 trillion.
- Retail assets under management were €650 billion, witnessing a 1.2% decline year over year, compared to the estimated €661.67 billion.
- Institutional assets under management reached €1.20 trillion, a 5.2% increase from the prior year, and above the projected €1.17 trillion.
- JVs assets under management were €359 billion, showing a 0.8% increase year over year, slightly below the estimate of €366.32 billion.
- Adjusted net income for the quarter stood at €334 million, reflecting a 4.6% decline year over year, missing the estimate of €351.1 million.
- Adjusted net revenue was reported at €790 million, down by 1.1% from the previous year, coming in below the expected €848.2 million.
- The cost to income ratio was 52.7%, slightly higher than the estimated 51.7%.
A look at Amundi SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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 company providing investment management services to customers worldwide, is positioned for a positive long-term outlook based on its Smartkarma Smart Scores. With a strong Dividend score of 5, Amundi demonstrates a commitment to rewarding its investors with consistent dividend payouts. This stable income stream is complemented by solid scores in Value (4) and Growth (4), indicating a promising financial performance and potential for future expansion.
While Amundi shows resilience in its operations with a score of 3, the company also presents a favorable Momentum score of 4, suggesting an upward trajectory in its market performance. Overall, Amundi SA‘s robust Smart Scores paint a picture of a company with a solid foundation, attractive dividend yield, growth potential, and positive market momentum, positioning it well for long-term success in the investment management sector.
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.
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