Amundi Investor Presentation
Detailed income statements
Q3/Q2
Q3/Q3
(in Єm)
Q3 2020
Q2 2020
Q3 2019
9M 2020
9M 2019
Change
chg.
chg.
Adjusted net revenue
630
625
0,8%
657
-4,1%
1 866
1 989
-6,2%
Net asset management revenue
631
608
3,8%
656
-3,9%
1 912
1 955
-2,2%
o/w net management fees
601
573
4,8%
631
-4,8%
1 806
1 870
-3,4%
o/w performance fees
30
34
-13,7%
25
18,7%
106
85
24,4%
Net financial income and other net
income
(1)
17
NS
1
NS
(46)
34
NS
Operating expenses
(323)
(318)
1,5%
(335)
-3,8%
(971)
(1016)
-4,4%
Adjusted gross operating income
307
307
0,1%
321
-4,5%
895
973
-8,1%
Adjusted cost/income ratio
51,2%
50,9%
+0,3 pt
51,1%
+0,2 pt
52,0%
51,1%
+ 1 pt
Cost of risk & Other
(3)
(4)
NS
(9)
NS
(20)
(7)
NS
Equity-accounted entities
17
15
10,9%
8
NS
46
33
39,5%
Adjusted income before taxes
321
318
1,1%
320
0,4%
921
999
-7,8%
Taxes
(86)
(85)
1,2%
(90)
-4,7%
(247)
(264)
-6,7%
Adjusted net income, Group share
235
233
1,0%
230
2,3%
674
735
-8,3%
Amortisation of distribution contracts
after tax
(15)
(12)
16,4%
(13)
16,4%
(40)
(38)
5,3%
Net income, Group share
221
221
0,1%
218
1,5%
634
697
-9,0%
Note: Adjustments: excluding amortisation of distribution contracts.
See slides 44 and 45 for definitions and methodology.
29 Amundi Investor presentation | November 2020
Amundi
CRÉDIT AGRICOLE GROUPView entire presentation