Amundi SA (AMDUF), a French asset management company, on Tuesday reported lower profit for the third quarter, weighed by reduced revenue and one-time expenses.
Profit before tax fell 20.8% to €327 million from €413 million a year earlier, reflecting exceptional restructuring charge of €80 million related to its optimisation plan.
On an adjusted basis, profit before tax rose 1.9% to €445 million from €437 million last year.
Gross operating profit declined to €277 million from €382 million, reflecting a 13.7% rise in operating expenses to €518 million. Adjusted gross operating income fell 6.6% to €379 million, with adjusted expenses down 4.3% to €436 million.
Net income dropped to €249 million or €1.21 per share from €320 million or €1.56 per share a year earlier. On an adjusted basis, net income inched up to €340 million or €1.65 per share.
Revenue slipped 5.1% to €795 million, while adjusted revenue was down 5.4% to €815 million.
Net asset management revenue fell 5.4% to €780 million, while Technology venue rose 49.3% to €29 million.
Assets under management as of September 30 rose 3.5% since the start of the year to €2.317 trillion, driven by strong net inflows of €67 billion and market appreciation of €107 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.