The third quarter 2017 of Natixis was strong, fueled by strong contribution from Asset Management and Insurance businesses. Q3 2017 net revenues reached €2.2 billion, up 6% relative to Q3 2016, and our net income (group share) climbed 16% to €411 million. Natixis posted net revenues of €7.05 billion during the first nine months of 2017, a 10% increase compared to the year-earlier period. Net revenues from the Investment Solutions business (which includes Asset Management, Insurance and Private Banking) amounted to €940 million during Q3 2017, 17% higher than in Q3 2016, and 12% in 9M 2017 to reach €2.750 billion. Return on equity reached 15.2% during the same period.

In Asset Management, Natixis had net revenues of €716 million during Q3 2017 vs. €609 million during Q3 2016, up 18% or (21% at constant exchange rates). For 9M 2017 vs. 9M 2016, net revenues were up 12%. Revenues in the United States for Q3 2017 were €393 million, up 6% year over year. In Europe, revenues were €228 million, up sharply (40%) year over year. Expenses rose 13% in Q3 2017 and 8% in 9M 2017, relative to the respective year-earlier periods. €5 billion in long-term net inflows during Q3 2017 were mainly concentrated in Europe (€4 billion) in high value-added products in the alternative, active equity and real assets space. The total net new money for Q3 2017 was €3 billion with negative €2 billion in money market fund outflows.

Overall, assets under management as of September 30, 2017 totaled €813.1 billion ($961.1 billion), compared to €798.1 billion ($897 billion) at the end of Q3 2016. During the quarter, positive market effects (impact of a positive €13 billion) offset negative exchange-rate movements (impact of -€14 billion). In the United States, assets under management were $477 billion as of September 30, 2017, and in Europe, assets reached €402 billion with assets in the Private Equity Division being €7.6 billion ($8.9 billion).
Source : Natixis et Natixis Global Asset Management

Natixis Global Asset Management S.A.
RCS Paris 453 952 681
Share Capital: €178 251 690
21 quai d’Austerlitz, 75013 Paris

This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.