Amundi Sa (AMDUF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, all. I'm Cyril Meillon, the head of Investor Relations of Amundi, and we are here to present you our H1 first half and second quarter results for 2025. It's obviously a video conference, so we welcome you to this conference. We do hope that you are enjoying the same weather as we are in Paris. It's very sunny. It's not an anticipation of a presentation, but at least it's a gorgeous day. Today, the speakers will be, as is usual, for a second-quarter presentation, Valérie Bodson, our CEO, as well as Nicolas Calcoune, our deputy CEO. They will make a presentation that will last probably about 20 minutes, 30 minutes, followed by, as usual, a Q&A session. Before we start a few housekeeping topics, if you want to ask a question, please raise your hand virtually. We see that some of you have already done that. So we'll take the questions in order of appearance, so to speak. And please open your camera so that we can see you and have a face-to-face dialogue. Apologies in advance for this, but I need to go through a short disclaimer. Throughout the presentation, we will make a number of forward-looking statements and mention forecasts. We call your attention to the fact that Amundi's actual results may differ from these statements. Some of the factors that may cause the results to differ materially are listed on our universal registration document that we published last April. Amundi assumes no duty and does not undertake to update any forward-looking statements. And without further ado, I now leave the floor to Valérie for her introductory remarks. Thank you very much, Cyril, and thank you all for your participation in this conference to present our H125 results. I will start this presentation with the main highlights. I will also focus on segments of operation...