Amundi announced this morning its numbers for Q1 18. Total income at €663m was 1.2% below expectations (in line with ours) despite higher than expected performance fees. Revenues were penalised by a low level of financial income at €-5m versus €27m in Q1 17. Total expenses were much lower than expected at €336m vs €356m expected (in line with ours). Net inflows were quite buoyant at €40bn, twice as high as expected (consensus at €17bn and ours at €15bn)
27 Apr 2018
A solid set of numbers
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A solid set of numbers
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
27 Apr 2018 -
Author:
Farhad Moshiri -
Pages:
2
Amundi announced this morning its numbers for Q1 18. Total income at €663m was 1.2% below expectations (in line with ours) despite higher than expected performance fees. Revenues were penalised by a low level of financial income at €-5m versus €27m in Q1 17. Total expenses were much lower than expected at €336m vs €356m expected (in line with ours). Net inflows were quite buoyant at €40bn, twice as high as expected (consensus at €17bn and ours at €15bn)