Financial highlights
- Net revenue £483.6 million (-20%)
- Underlying profit before tax £162.9 million (-40%)
- Underlying earnings per share 9.6p (-41%)
- Interim dividend per share unchanged at 7.5p
- AuM £292.8 billion
- £70 million of annualised cost efficiencies to be delivered during 2017
| March 2016 | March 2015 | |
|---|---|---|
| Net revenue | £483.6m | £605.2m |
| Underlying results: before amortisation and acquisition-related items | ||
| Profit before tax | £162.9m | £270.2m |
| Diluted earnings per share | 9.6p | 16.2p |
| Statutory results | ||
| Profit before tax | £98.8m | £185.4m |
| Diluted earnings per share | 5.4p | 10.7p |
| Dividend per share | 7.5p | 7.5p |
| Core operating cashflow | £114.3m | £227.4m |
| Gross new business | £21.5bn | £23.4bn |
| Net new business | -£16.7bn | -£11.3bn |
| Assets under management at period end | £292.8bn | £330.6bn |
Martin Gilbert, Chief Executive of Aberdeen Asset Management PLC commented:
“These results reflect the challenging conditions Aberdeen has faced during the past three years, in particular the weakness in emerging markets. However our balance sheet strength has allowed us to continue to invest in the business, including the completion of a number of bolt-on acquisitions which have added new capabilities and new client channels. We have strengthened the management team with senior appointments in distribution and operations. Our broad product suite and global distribution platform means we are well placed to meet the long-term needs of an ever increasing number of investors around the world."
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/zzud3n75
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
