Amundi: Q3 net income up 4%

(CercleFinance.com) - Amundi reports third quarter net income of 218 million euros, up 4%, with EBITDA of 321 million euros, up 9.
7% y-o-y.

The asset management group's cost-income ratio was 51.1%, up 1.8 point year-on-year, for net revenues that are up 5.7%, mainly due to net management income.

"Net inflows amounted to +E42.7bn, a record level, driven by all expertise and all client segments," CEO Yves Perrier said, who also pointed out synergies relating to the integration of Pioneer.


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