Q1 2024 Results

Paris, Friday 26 April 2024

Corporate

Buoyed by rising equity and bond markets and strong sales momentum, our assets under management grew by +3.9% in the 1st quarter to €2,116bn at 31/03/2024.

We collected €16.6 billion over the first three months of the year in a balanced way across all our customer segments, our areas of expertise and our various geographical regions, thanks to an offering tailored to our customers' needs and the market environment.

Our revenue growth, combined with tight cost control, enabled us to post adjusted net income of €318m^1,2, an increase of 5.9% compared with the first quarter of 2023.

The first quarter was also marked by two major external transactions: the acquisition of Alpha Associates in the field of private assets (private debt, infrastructure and private equity) and the memorandum of understanding with the American firm Victory Capital to strengthen our American and international expertise.

Find out all our results for the 1st quarter of 2024 on our Corporate website

1. Net income Group share
2. Adjusted data: excluding amortisation of intangible assets