Natixis Q3 2016 Earnings results
Natixis released third quarter 2016 results that were fully consistent with the ambitions set out in its strategic plan. Natixis reported net income of €315 million in Q316, up 14% vs. Q315 and up 3% through September 30 to more than €1 billion. Natixis’ net revenues increased 8% in Q316 to more than €2.1 billion, driven primarily by business activities at CIB.
Overall, Natixis’ Investment Solutions Division, which includes Asset Management, Insurance and Private Banking, had net revenues of €804 billion during Q3 2016, which was down slightly at -4% vs. Q3 2015.
In particular, Asset Management had net revenues of €609 million during Q316. Compared to the same quarter of last year, these revenues were down 9% at current exchange rates.
Following record high inflows in 2014 and 2015, Asset Management’s outflows continued in the U.S. in Q316 – roughly €8 billion mainly concentrated in Harris equity products. In Europe, there were net inflows of close to €5 billion year-to-date through September 30.
Overall, assets under management at Natixis Global Asset Management as of September 30, 2016 totaled €798.1 billion ($897 billion), compared to €786.6 billion ($874.5 billion) at the end of Q2 2016. In the United States, assets under management were $431.9 (€384.3 billion) as of September 30, 2016, and in Europe, our assets reached €399.8 billion ($449.4). Asian assets were $8.4 billion (€7.5 billion) with assets in the Private Equity Division being €6.5 billion ($7.3 billion).
Natixis Global Asset Management S.A
Limited liability company /
Share capital: €156 344 050
RCS Paris no. 453 952 681
Headquarters: 21 quai d’Austerlitz - 75634 Paris Cedex 13 - France