Amundi Sa (AMDUF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to you. I'm Cyril Maillon, the head of investor relations of Amundi, and we're here to present you the results of our first quarter 2025 in sunny Paris. I hope it's the same for you. I'm very sorry because you must have had a very busy morning with many publications, including DWS, you probably just got off their presentation call. So I'm here as usual with Nicolas Calcun, our deputy CEO, as well as Aurélia Le Courtier, our CFO. And as a brief reminder, we obviously start the presentation with a disclaimer, so please read it. Keep in mind that this is a legal obligation. And as for housekeeping, we make the effort of presenting you with a video. So please, whenever you ask your question, please turn on your camera so that we can see and have a direct dialogue. Thank you very much. And without further ado, Nicolas, the floor is yours. Thank you Cyril and good morning to all. I am very pleased to be here to run you through our first quarter results. I will begin by commenting on the main highlights of the quarter and I will make a special focus on our business in the UK which won a major mandate and has developed well in recent years. And then, of course, I shall leave the floor for Aurelia before we take your questions. So after a record year in 2024, Amundi continued to enjoy a very positive momentum in this first quarter in terms of both financial results and business levels, as well as strategic progress. first on financial results profit before tax in the first quarter was 458 million euros up by 11 on a year-on-year basis we saw a double-digit revenue growth with a healthy contribution from all income sources led by net management fees with increase almost by eight percent And last year's acquisition of Alpha Associates on Exego gave us an extra boos...