Amundi: 13% growth in annual net income
(CercleFinance.com) - Amundi reports 2024 net income that is up 13% at E1.
38bn, showing an average annual growth rate (AAGR) of +6.1% compared with the Ambitions 2025 benchmark net income for 2021, above its target of +5%.
The asset management and investment group explains this increase both by revenue growth (+9.2% to E3.5bn) and an improved cost/income ratio (-0.7 point to 52.5%).
Our assets under management are at an all-time high, at over E2,200bn, thanks to very dynamic inflows in several strategic areas, such as third-party distributors, ETFs and Asia, management said.
At the AGM on 27 May, the Board of Directors will propose a dividend increase to E4.25 per share for 2024, corresponding to a payout ratio of 67%, above the minimum target of the medium-term plan (65%).
Copyright (c) 2025 CercleFinance.com. All rights reserved.
38bn, showing an average annual growth rate (AAGR) of +6.1% compared with the Ambitions 2025 benchmark net income for 2021, above its target of +5%.
The asset management and investment group explains this increase both by revenue growth (+9.2% to E3.5bn) and an improved cost/income ratio (-0.7 point to 52.5%).
Our assets under management are at an all-time high, at over E2,200bn, thanks to very dynamic inflows in several strategic areas, such as third-party distributors, ETFs and Asia, management said.
At the AGM on 27 May, the Board of Directors will propose a dividend increase to E4.25 per share for 2024, corresponding to a payout ratio of 67%, above the minimum target of the medium-term plan (65%).
Copyright (c) 2025 CercleFinance.com. All rights reserved.