Financial highlights
- Revenue £605.2 million (+20%)
- Underlying profit before tax £270.2 million (+25%)
- Operating margin rises to 44.7% (2014: 43.0%)
- Underlying earnings per share 16.2p (+13%)
- Dividend per share 7.5p (+11%)
- AuM £330.6 billion
| March 2015 | March 2014 | |
|---|---|---|
| Net revenue | £605.2m | £503.5m |
| Underlying results: before amortisation and acquisition-related items | ||
| Profit before tax | £270.2m | £217.0m |
| Diluted earnings per share | 16.2p | 14.3p |
| Statutory results | ||
| Profit before tax | £185.4m | £168.7m |
| Diluted earnings per share | 10.7p | 10.7p |
| Dividend per share | 7.5p | 6.75p |
| Core operating cashflow | £227.4m | £221.6m |
| Gross new business | £23.4bn | £14.3bn |
| Net new business | -£11.3bn | -£8.8bn |
| Assets under management at period end | £330.6bn | £324.5bn |
Martin Gilbert, Chief Executive of Aberdeen Asset Management PLC commented:
“I am pleased to report that the Group has increased its underlying profits by 25% as we benefited from the diversifying effects of the acquisition of Scottish Widows Investment Partnership, which we completed a year ago. We remain strongly cash generative and we again increased our dividend, whilst also adding to our regulatory capital headroom.
“Gross new business inflows have continued to grow. However, they have been offset by outflows, which reflect changes in asset allocation driven by macro-economic factors and some structural outflows from certain clients. Despite these headwinds we are well positioned for the long term: financially strong, with a global distribution platform and a diversified range of capabilities and solutions for the evolving investment environment. Our absolute priority, as always, remains delivering for our clients."
Management will host a presentation for analysts and institutions today at 09:30 (UK) to be held at the offices of Aberdeen Asset Management, Bow Bells House, 1 Bread Street, London EC4M 9HH. The event will also be available to view via a live webconference.
To register please use the following weblink: http://edge.media-server.com/m/p/s7np4utj
For more information:
Aberdeen Asset Management
Martin Gilbert + 44 (0) 20 7463 6000
Bill Rattray + 44 (0) 20 7463 6000
Maitland
Neil Bennett/ Tom Eckersley + 44 (0) 20 7379 5151
