On Friday 29th of April, Amundi publishes its results for the first quarter 2022, with net income up +5% vs. Q1 2021 published1,2, and presents robust business activity and inflows3 in medium-long term assets.
Assets under management reach €2,021bn at 31/03/2022, up +15% year-on-year2.
Amundi maintained a good level of adjusted net income (€324m) in the first quarter of 2022, despite a less positive environment. This growth was driven by the scope effect (consolidation of Lyxor as of Q1 2022) as well as a sharp increase in revenues and continued excellent operational efficiency.
1. Adjusted data: excluding amortisation of intangible assets and excluding integration costs. See page 6 of the Press Release for definitions and methodology
2. Change from Q1 2021 reported data, excluding Lyxor
3. Assets under management (including Lyxor as of 31/12/2021) and net inflows (including Lyxor in Q1 2022 only) include assets under advisory and assets sold and take into account 100% of the Asian JVs’ inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis