Amundi Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Amundi (EPA:AMUN) Second Quarter 2024 Results

Key Financial Results

• Revenue: €887.0m (down 60% from 2Q 2023).
• Net income: €333.0m (up 8.9% from 2Q 2023).
• Profit margin: 38% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: €1.63 (up from €1.50 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amundi Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to fall by 15% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Capital Markets industry in France.

Performance of the French Capital Markets industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Amundi you should be aware of.

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