Amundi aims for 5% annual earnings growth in 2022-2025. Continue M&A

Amundi aims for 5 annual earnings growth in 2022 2025 Continue

(Finance) – AmundiEurope’s leading asset manager and one of the top 10 global players, has presented its 2025 strategic plan, focused on continuous organic growth, maintaining the cost / income ratio as an industry leader and generating strong returns for shareholders. The pillars of value creation 2022-2025 are: strong organic growth (approx 5% average annual growth in net profit); operational efficiency (cost / income ratio that remains below 53% in 2025, after having achieved all the synergies linked to Lyxor); attractive returns for shareholders (pay-out ratio equal to or greater than 65%expected for approximately 3 billion euros of cumulative ordinary dividends);

The excess capital is expected to reach around 2 billion euros in 2025, to be used for acquisitions or returned to shareholders. In particular, Amundi points out that he intends pursue mergers and acquisitionsexploring opportunities to improve distribution (access to new partners, markets, geographies), strengthening skills and accelerating the implementation of technology and services.

“Our ambition for Amundi is to strengthen our global leadership in Asset Management,” he commented Valérie Baudson, CEO by Amundi – We will strengthen our organic growth around the world thanks to our diversified wealth management experience and our emerging technology and services capabilities. We will seize acquisition opportunities to leverage our solid track record of consolidation and accelerate our development. ”

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