Amundi SA reported a 15% rise in adjusted net income for the first quarter, underscoring sustained client demand across its investment platforms. For the three months to March the asset manager recorded adjusted net income of 349 million euros and set a new revenue record of 902 million euros, up nearly 10% from the year-ago quarter.
The firm attributed the revenue advance to continued business activity and higher performance fees. Net inflows were especially strong, totaling 32 billion euros in the quarter - a level not seen in more than four years. Demand was concentrated in ETF and index solutions, which drew 24 billion euros, while active management and private assets also contributed to inflow momentum.
As a result of the inflows, assets under management expanded by 7% versus a year earlier to reach a record 2.398 trillion euros. Management noted that these robust inflows more than offset negative market moves and foreign exchange effects during the quarter.
Operating expenses rose in line with business growth, but Amundi reported a slight improvement in its cost-income ratio to around 50%, reflecting ongoing expense discipline even as spending supports expanded activities.
Looking forward, Amundi signaled it expects continued growth supported by its stated strategic priorities. Those priorities include further expansion of its ETF franchise, broadening digital distribution through partnerships such as the tie-up with Bitpanda, and advancing its retirement and private market solutions.
The group also highlighted particularly strong demand for technology services: revenues from Amundi Technology increased by more than 20% in the quarter, adding to the firm’s diversified revenue mix.
Overall, the quarter combined record inflows, higher revenues and expanding assets under management to deliver a meaningful rise in profitability. The company’s performance reflected both product-level demand centered on ETFs and index strategies and continued contribution from active management, private assets and technology services.