On Friday 28th of July, Amundi publishes its results for the second quarter of 2023, with net income of 320 M€1,2 up +19% vs. Q2 2022.
This result is explained by improved margins and good cost control. A good adaptation of the offer to the needs of investors, who are still mostly risk averse, has also resulted in a good commercial dynamic with positive inflows both in medium-long-term assets and in treasury products.
Assets under management reach €1,961bn at 30/06/2023, up on the quarter and over one year.
1. Adjusted data: excluding amortization of intangible assets and excluding integration costs. See page 7 for definitions and methodology in the press release.
2. Assets (including Lyxor from 12/31/2021) & net inflows (including Lyxor only in Q1 2022) including assets advised and marketed and including 100% of net inflows and assets under management of Asian JVs; for Wafa in Morocco, outstandings are included for their QP.