Amundi shares drop 4% as Q2 profit, revenue miss expectations

Amundi SA

29/07/2025 08:58

** Shares in Amundi AMUN.PA slide around 4% after the French asset manager reported lower than expected Q2 profit and revenue

** Its adjusted profit before taxes came in at 437 million euros ($504.21 million), bellow the 461 million euros in the consensus quoted by Jefferies

** The broker adds net revenues missed the consensus by 6%, hurt by lower management fees and net financial revenue

** It notes that the transfer of the company's U.S. assets under management to Victory Capital is apparently weighing more than expected on retail margins

** If losses hold, the stock will see its worst day since June 10

($1 = 0.8672 euros)

(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@thomsonreuters.com;))