Amundi: adjusted net income up 9% in Q2

(CercleFinance.com) - Amundi has reported a 9.
4% increase in adjusted net income to E350m for Q2 2024, thanks to growth in adjusted net revenues (+7.7% to E887m) and a positive jaws effect.

The asset and investment management group improved its cost/income ratio to 51.9% on an adjusted basis, still at the best level in the sector, and increased its adjusted gross operating income (GOI) by 8.5% to E426m.

Since the beginning of the year, we have seen a particularly strong inflow of funds from our third-party distributor customers, as well as in Asia, management said, pointing to an inflow of over E15bn in the past quarter alone.


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