Amundi SA (CHIX:AMUNp)
€ 70.95 -0.35 (-0.49%) Market Cap: 14.61 Bil Enterprise Value: 14.23 Bil PE Ratio: 11.14 PB Ratio: 1.21 GF Score: 76/100
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Q4 2024 Amundi SA Earnings Call Transcript

Feb 4, 2025 / 10:59 AM GMT
Release Date Price: €67.2 (+0.30%)

Key Points

Positve
  • Amundi SA (AMDUF) achieved record inflows of €55 billion in 2024, more than doubling the inflows from 2023.
  • The company's assets under management exceeded €2.2 trillion, marking a 10% increase over the year.
  • Amundi SA (AMDUF) reported an annual adjusted net profit of €1.4 billion, a 13% increase, with a quarterly profit of €377 million.
  • The company improved its operational efficiency, achieving a cost-income ratio of 52.5%, better than the target of 53%.
  • Amundi SA (AMDUF) proposed an increased dividend of €4.25 per share, representing a yield of more than 6%.
Negative
  • The company anticipates large outflows from its Indian joint venture due to a request for proposal from a major client, although it will have a negligible impact on net income.
  • Amundi SA (AMDUF) faces challenges in the real estate market, which is still slightly decreasing.
  • The company's growth in partner networks is limited due to already high market share, affecting the capacity for further expansion.
  • There is a potential risk of pricing compression in the ETF market due to competitive pressures from players like Vanguard.
  • The company is cautious about the impact of regulatory changes in Europe, which could affect business models in asset management.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMUN.PA - Amundi SA
Q4 2024 Amundi SA Earnings Call
Feb 04, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Think we're good.

I think we can start when everybody is in the room. So, yes.

Okay. Good morning, everybody. And thank you for coming to our head offices in London, I Mundi's head office. And thank you for those of you who are connected and this will be a hybrid presentation of our Q4 and full year 2024 results. I'm Cyril Meon, the head of investigations and the speakers today will be Valerie Bodson, our CEO and Nicola KKN, our deputy CEO.

As usual, I have to remind you of the disclaimer that features in oral documents, in particular, the part related to Victory Capital and the partnership we announced last year as well as the fact that those accounts are in the process of being audited, even though we are pretty confident that
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