Amundi - Corporate Social Responsibility Report 2016

Editorial

“Amundi’s results show that the group has continued to grow profitably since it was created.”

Yves Perrier Chief Executive Officer of Amundi

I n 2016, Amundi reinforced its European leadership in asset management (1) . Our Group achieved strong growth in its revenues and earnings.

Italy, Austria and Germany, and by supplementing its capabilities.

Meanwhile, Amundi has pursued its investment strategy to feed its future growth. This is why it set up its Real and Alternative Assets division, which encompasses its real-estate, private equity, private debt, infrastructure and alternative asset businesses. This division aims to offer our clients attractive investment solutions in the current environment of very low interest rates. Amundi has also expanded its capabilities in international equities with the acquisition of KBI Global Investors, whose performances are well-regarded in this area. In late 2016, Amundi announced the acquisition of Pioneer Investments, which will be a milestone in its development. This transaction (2) , which is expected to close by the end of the first half of 2017, will consolidate Amundi’s European leadership by reinforcing its distribution capacities in Europe, particularly in

This acquisition is an integral part of Amundi’s industrial model, an open- ended platform able to effectively serve both a clientele of banking networks in Europe and internationally and institutional investors worldwide. Moreover, it is consistent with the financial criteria Amundi announced for acquisitions upon its IPO. Its important potential synergies should lead to significant growth in earnings per share. Amundi’s strategy constantly aims to enhance the quality of savings and investment solutions and related services, so that we can continue to earn our customers’ trust every day. This will remain our strategy in 2017.

Net inflows came to €62 billion, driven by all asset classes and customer segments, with especially strong development coming internationally, with 75% of net inflows. Total assets under management came to almost €1.1 trillion at the end of 2016. Our results are consistent with the objectives that we had set and with the commitments we made to our shareholders when Amundi was first floated in November 2015. Net earnings per share rose by 7.3%. Amundi thus confirmed the relevance of its strategy and the strength and profitability of its business model.

(2) This acquisition remains subject to the agreement of the national regulators and the European Commission.

AMUNDI - 2016 Corporate Social Responsibility Report

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