Amundi: Q3 net income up 3%
(CercleFinance.com) - Amundi reports Q3 adjusted net income of E290m, up 3% y-o-y, which it says has been helped by operating efficiency, enabling annual increases in expenses to be more moderate than revenues.
The asset management group's adjusted net revenues rose by 2.9% to E780m, with this growth in particular due to the resilience of management fees despite the risk-averse environment.
"Amundi generated high inflows of +E14bn, driven by our two strategic development priorities, passive management and Asia", said CEO Valérie Baudson, who nonetheless points to an uncertain environment.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The asset management group's adjusted net revenues rose by 2.9% to E780m, with this growth in particular due to the resilience of management fees despite the risk-averse environment.
"Amundi generated high inflows of +E14bn, driven by our two strategic development priorities, passive management and Asia", said CEO Valérie Baudson, who nonetheless points to an uncertain environment.
Copyright (c) 2023 CercleFinance.com. All rights reserved.