Natixis Q2 2017 Earnings results
Natixis’ net in Q2 revenues rose 9% to €2.4 billion, while net profits advanced 28% to €487 million during the quarter.
Natixis financial structure also remains very solid, as witnessed by a Common Equity Tier 1 ratio of 11.3%. Revenues from Natixis’ core businesses rose 12% year over year to €2.3 billion. Net revenues from Natixis’ Investment Solutions business, which includes Asset Management, Insurance and Private Banking, amounted to €920 million in the second quarter, an increase of 11%.
In particular, Asset Management’s net revenues progressed 12% year over year at the end of Q2 2017, to reach €696 million, and 9% in H1 2017 year over year (7% at constant exchange rates) to €1.4 billion. For Q2 2017, revenue growth was 21% for asset management affiliates in Europe and 2% for their counterparts in the U.S., compared to the prior year. During the first half of the year, revenue growth was 16% in Europe and 3% in the U.S. year over year.
Asset Management recorded €9 billion of net inflows during the quarter, including €8 billion in long-term products, with positive flows in Europe and the United States. The positive figures were offset by a negative exchange-rate effect of €26 billion.
The management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities). he management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities).
As a result, quarter-endings assets amounted to €834.5 billion (vs. €837 billion on March 31, 2017). In the United States, assets under management were $462.0 as of June 30, 2017, compared to $447.9. billion as of March 31, 2017. Likewise, in Europe, our assets reached €421.9 billion as of June 30, 2017, compared to €411.3 billion as of March 31, 2017. Assets in the Private Equity Division were €7.5 billion, compared to €7.3 billion as of March 31, 2017.
Asset Management’s rebound that began at the end of 2016 continued through H1 2017, with total inflows on long-term products representing €13 billion partly offset by the sale of Natixis’ stake in IDFC, which resulted in a negative impact of €8 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
www.im.natixis.com
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.
Natixis financial structure also remains very solid, as witnessed by a Common Equity Tier 1 ratio of 11.3%. Revenues from Natixis’ core businesses rose 12% year over year to €2.3 billion. Net revenues from Natixis’ Investment Solutions business, which includes Asset Management, Insurance and Private Banking, amounted to €920 million in the second quarter, an increase of 11%.
In particular, Asset Management’s net revenues progressed 12% year over year at the end of Q2 2017, to reach €696 million, and 9% in H1 2017 year over year (7% at constant exchange rates) to €1.4 billion. For Q2 2017, revenue growth was 21% for asset management affiliates in Europe and 2% for their counterparts in the U.S., compared to the prior year. During the first half of the year, revenue growth was 16% in Europe and 3% in the U.S. year over year.
Asset Management recorded €9 billion of net inflows during the quarter, including €8 billion in long-term products, with positive flows in Europe and the United States. The positive figures were offset by a negative exchange-rate effect of €26 billion.
The management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities). he management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities).
As a result, quarter-endings assets amounted to €834.5 billion (vs. €837 billion on March 31, 2017). In the United States, assets under management were $462.0 as of June 30, 2017, compared to $447.9. billion as of March 31, 2017. Likewise, in Europe, our assets reached €421.9 billion as of June 30, 2017, compared to €411.3 billion as of March 31, 2017. Assets in the Private Equity Division were €7.5 billion, compared to €7.3 billion as of March 31, 2017.
Asset Management’s rebound that began at the end of 2016 continued through H1 2017, with total inflows on long-term products representing €13 billion partly offset by the sale of Natixis’ stake in IDFC, which resulted in a negative impact of €8 billion.
Natixis Global Asset Management S.A.
RCS Paris 453 952 681
Share Capital: €178 251 690
21 quai d’Austerlitz, 75013 Paris
www.im.natixis.com
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.