BRIEF-Amundi Posts Q1 Adjusted Net Result Group Share Above Expectations

Abrdn Ultra Short Muncipal Income Active ETF

Abrdn Ultra Short Muncipal Income Active ETF

AMUN

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April 29 (Reuters) - Amundi SA AMUN.PA:

  • Q1 ASSETS UNDER MANAGEMENT AT EUR 2,398 BILLION, UP 6.7% YOY VERSUS EUR 2,367 BILLION IN A COMPANY-COMPILED CONSENSUS

  • Q1 NET INFLOWS AT EUR 32.0 BILLION (AMUNDI CONSENSUS EUR 12.8 BILLION)

  • Q1 TOTAL NET REVENUE ADJUSTED AT EUR 902 MILLION (AMUNDI CONSENSUS: EUR 835 MILLION)

  • OUTFLOWS FROM UNICREDIT NETWORKS AMOUNTED FOR EUR 9 BILLION; ASSETS UNDER MANAGEMENT MANAGED FOR UNICREDIT NETWORKS AMOUNTED TO EUR 75 BILLION

  • AMUNDI CEO SAYS PRIVATE CREDIT ISSUES SEEN IN U.S. WEALTH MARKET WOULD NOT OCCUR IN EUROPE DUE TO DIFFERENT REGULATION

  • Q1 ADJUSTED NET RESULT GROUP SHARE AT EUR 349 MILLION, UP 15.2% Q1/Q1 (AMUNDI CONSENSUS: EUR 318 MILLION)

  • AMUNDI CEO SAYS GROUP REVIEWS ALL POTENTIAL M&A THAT COULD ACCELERATE ORGANIC GROWTH

  • AMUNDI CEO SAYS GROUP MONITORING DEVELOPMENTS IN U.S. PRIVATE CREDIT MARKET

  • AMUNDI CEO SAYS SEES NO PAUSE IN MIDDLE EAST, WITH POSITIVE INFLOWS INCLUDING FROM FIRST ABU DHABI BANK PARTNERSHIP

Source text: ID:nNDLbZKtwx

Further company coverage: AMUN.PA


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