Natixis’ Results for Q2 2018
Overall this quarter, Natixis’ net revenues rose 7% at constant exchange rates versus the second quarter of 2017, demonstrating strong commercial momentum. Net income rose 19% versus the second quarter of 2017, demonstrating increased earnings capacity. ROTE increased 170bps to 15.4%, showing rising profitability.
Asset and Wealth Management also recorded another strong quarter. Net revenues were up 10% in the second quarter (16% at constant exchange rates) versus the second quarter of 2017. Operating income increased 21% (11% at constant exchange rates) and pre-tax profit increased 20% (26% at constant exchange rates) over the same period. ROE increased 280bps to 15.2% over the second quarter of 2017.
For the first half of the year, net revenues were up 10% (18% at constant exchange rates) versus the first half of 2017. Operating income increased 26% (35% at constant exchange rates) and pre-tax profit increased 22% over the same period. ROE increased 270bps to 14.6% over the first half of 2017.
In Asset Management, margins excluding performance fees exceeded 31 bps, up 3.3 bps year-over-year. Performance fees reached €55 million for the quarter and €119 million for the first half of 2018, driven mainly by H2O.
Assets under management reached €846 billion in the second quarter, a 3% increase over the previous quarter. Average AuM at constant exchange rates increased by 9% year-over-year.
Retail and wholesale net flows were €10 billion in the second quarter, the 7th consecutive quarter of positive net inflows, and were well diversified between Europe and Asia (€7 billion) and North America (€3 billion).
All European affiliates recorded positive net flows, and Natixis Investment Managers attracted the largest mutual fund flows over the first half of the year in Europe, beating larger competitors BlackRock and Amundi.
Wealth Management continued to perform well, with net revenues up 22% year over year in the second quarter and 17% over the first half of 2018. Assets under management reached €32.5 billion as of June 30, 2018.
Source: Natixis et Natixis Investment Managers
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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.
Asset and Wealth Management also recorded another strong quarter. Net revenues were up 10% in the second quarter (16% at constant exchange rates) versus the second quarter of 2017. Operating income increased 21% (11% at constant exchange rates) and pre-tax profit increased 20% (26% at constant exchange rates) over the same period. ROE increased 280bps to 15.2% over the second quarter of 2017.
For the first half of the year, net revenues were up 10% (18% at constant exchange rates) versus the first half of 2017. Operating income increased 26% (35% at constant exchange rates) and pre-tax profit increased 22% over the same period. ROE increased 270bps to 14.6% over the first half of 2017.
In Asset Management, margins excluding performance fees exceeded 31 bps, up 3.3 bps year-over-year. Performance fees reached €55 million for the quarter and €119 million for the first half of 2018, driven mainly by H2O.
Assets under management reached €846 billion in the second quarter, a 3% increase over the previous quarter. Average AuM at constant exchange rates increased by 9% year-over-year.
Retail and wholesale net flows were €10 billion in the second quarter, the 7th consecutive quarter of positive net inflows, and were well diversified between Europe and Asia (€7 billion) and North America (€3 billion).
All European affiliates recorded positive net flows, and Natixis Investment Managers attracted the largest mutual fund flows over the first half of the year in Europe, beating larger competitors BlackRock and Amundi.
Wealth Management continued to perform well, with net revenues up 22% year over year in the second quarter and 17% over the first half of 2018. Assets under management reached €32.5 billion as of June 30, 2018.
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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.