Amundi in 2018
Yves Perrier
Chief Executive Officer of Amundi
“Robust results and the successful integration of Pioneer Investments.”
The 1st non-American player in the top 10 worldwide
Thanks to its unique research capabilities and the skills of close to 4,500 team members and financial market experts in 37 countries, Amundi provides its 100 million clients - Retail, Institutional and Corporate - with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
2018 Key figures
With €1,425 billion of assets under management at the end of 2018, Amundi is Europe’s largest asset manager by AUM and ranks in the top 10 globally.
Financial results
as of 31 December 2018
€2,582m
Net revenues
€1,251m
Gross operating income
€946m
Net income, Group share (adjusted)
51.5 %
Cost-income ratio
Breakdown of combined assets
as of 31 December 2018
By
45 %
€648 bn
Fixed Income
18 %
€251 bn
Multi-Asset
16 %
€224 bn
Equities
16 %
€228 bn
Liquidity Solutions
5 %
€75 bn
Real, Alternative and Structured Assets
29 %
€417 bn
Crédit Agricole & Société Générale Groups' Insurance Companies
37 %
€532 bn
Partner networks and other networks
34 %
€476 bn
Institutional & Corporate clients
45 %
€648 bn
Fixed Income
18 %
€251 bn
Multi-Asset
16 %
€224 bn
Equities
16 %
€228 bn
Liquidity Solutions
5 %
€75 bn
Real, Alternative and Structured Assets
29 %
€417 bn
Crédit Agricole & Société Générale Groups' Insurance Companies
37 %
€532 bn
Partner networks and other networks
34 %
€476 bn
Institutional & Corporate clients
Activity and results in 2018
In 2018, Amundi recorded a further increase in profitability (+25.5% of its net accounting income) in a market environment that became significantly less favourable from the second quarter. This year was marked by a good level of activity and the successful integration of Pioneer Investments. These good results, in line with the objectives announced in the three-year plan, demonstrate the strength of Amundi’s business model.
Amundi on the stock market
As with all financial stocks, 2018 was a mixed year for the Amundi share price, which ended the year at €46.16 in bear markets, particularly at the end of the year. With a market capitalisation of €10 billion(1), Amundi remains the largest listed asset manager in Europe and among the top five traditional listed asset managers in the world.
(1) As at 31 January 2019.
Nicolas Calcoen
Head of Finance, Strategy and Public Affairs
« Since the listing, the performance of Amundi's shares has demonstrated the Group’s growth capacity and the resilience of its results, thanks to its diversified business model. »
Amundi’s strategic ambitions
Thanks to its unique business model, industrial approach and client-centric organisation, the Group has all the assets it needs to pursue its profitable growth, which continues to be organic.
The start of a slowdown in global growth
Although global growth started to slow in 2018, US growth remained strong, supported by fiscal policy. On the other hand, growth was very disappointing in the eurozone and the situation worsened in emerging economies.
Developments in the asset management market in 2018
Rising interest rates, trade tensions between the United States and China, renewed market volatility, Brexit, etc. Faced with uncertainty, investors turned to less risky, more diversified investments and played the decorrelation card.