Earnings release
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Results Solid results : € 333m¹ ( + 41.5 % vs. Q3 2020 ) Strong business momentum : net inflows of + € 15bn in MLT assets² , ³ in Q3 2021 Business activity Amundi CRÉDIT AGRICOLE GROUP Third - quarter 2021 results ▪ Good level of net asset management revenues , driven by net asset management fees of € 707m , by + 17.6 % on Q3 2020 and + 2.6 % on Q2 2021 high performance fees ( € 90m ) ▪ Cost / income ratio of 48.4 % ¹ ( ~ 50 % excluding exceptional level of performance fees4 ) Adjusted net income¹ up sharply , at € 333m : ■ + 41.5 % vs. Q3 2020 Paris , 4 November 2021 Excluding the exceptional level of performance fees² , + 9.9 % vs. Q2 2021 and + 29.2 % vs. Q3 2020 Strong business momentum : high inflows³ , 5 of + € 15bn in MLT assets , driven by active management ( + € 11.1bn ) and all customer segments ▪ Moderate outflows in treasury products³ : - € 2.2bn ▪ Outflows of - € 12.7bn in the JVs due to a one - off redemption AuM5 of € 1,811bn at 30/09/2021 , up + 8.9 % year - on - year ( + 1.0 % for the quarter ) Amundi's Board of Directors , chaired by Yves Perrier , convened on 3 November 2021 to review the financial statements for the third quarter and first nine months of 2021 . Commenting on the figures , Valérie Baudson , CEO , said : " Earnings in the third quarter of 2021 were up sharply compared with the third quarter of 2020 , driven by fast - growing revenues and controlled costs . Net inflows in Medium / Long - Term assets remained high at € 15bn , driven by all areas of expertise and both Retail and Institutional customer segments . With more than € 800bn in ESG assets , Amundi is confirming its global leadership and pursuing the implementation of its ESG action plan . The acquisition of Lyxor , scheduled for end December 2021 , will accelerate Amundi's growth , particularly in ETFs and in alternative investment expertise . " 1 Adjusted data : excluding amortisation of the distribution contracts and Affrancamento . See page 8 for definitions and methodology 2 Medium / Long - Term Assets : excluding treasury products 3 Excl . JVs 4 Exceptional level of performance fees = higher than average performance fees per quarter in 2017-2020 5 Assets under management and net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets marketed and take into account 100 % of the Asian JVs ' assets under management and net inflows . For Wafa in Morocco , assets are reported on a proportional consolidation basis . Amundi - Q3 2021 results 1/8