Amundi released this morning its numbers for 2018 and Q4 18. Total revenues at €620m were below expectations but when adjusted for volatile trading income these are 1.3% higher than expected (bang in line with our forecasts). Total expenses were under control again at €326m, 14.6% lower yoy and 4% lower than expected (2.3% below ours). The adjusted gross operating profit is therefore 9.5% above expectations. Net inflows were negative due to important outflows in the Institutional an
13 Feb 2019
A solid set of results...
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A solid set of results...
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
13 Feb 2019 -
Author:
Farhad Moshiri -
Pages:
2
Amundi released this morning its numbers for 2018 and Q4 18. Total revenues at €620m were below expectations but when adjusted for volatile trading income these are 1.3% higher than expected (bang in line with our forecasts). Total expenses were under control again at €326m, 14.6% lower yoy and 4% lower than expected (2.3% below ours). The adjusted gross operating profit is therefore 9.5% above expectations. Net inflows were negative due to important outflows in the Institutional an