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Amundi: adjusted earnings up 14.1%

(CercleFinance.com) - Amundi has reported FY 2017 net income, group share, of 918 million euros, up 14.
1%, with a cost-income ratio of 52.4%, up 2.8 points, including initial effects of synergies.

Net revenues increased 7.5% to 2,722 million euros, in line with the increase in assets under management, with strong growth in commissions for outperformance in in a particularly buoyant market context.

Amundi's Board of Directors has decided to propose a dividend of 2.50 euros per share, up 13.6%. The asset management company also announced its 2020 targets, including adjusted net income of at least 1.05 billion euros.

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