Schroders maakt cijfers over 2019 bekend
5 maart 2020
Schroders heeft vandaag de cijfers over 2019 bekendgemaakt. Voor het afgelopen jaar tot 31 december 2019 komt dit neer op het volgende:
- We delivered resilient results in 2019, despite the challenging market backdrop. Profit before tax and exceptional items was £701.2 million.
- We made significant progress towards our strategic objectives, with strong growth in our Wealth Management, Private Assets & Alternatives and Solutions businesses.
- We generated total net new business of £43.4 billion, with positive net inflows across all asset classes as the first tranches of the Scottish Widows mandate were transferred to Schroders.
- Assets under management increased 23% to close at a new high of £500.2 billion, although the results were impacted by average assets being up only 2% as net inflows funded late in the year and markets only strongly rose through the fourth quarter.
- Net income (£ million): 2124.8 (2018: 2123.9)
- Profit before tax and exceptional items (£ million): 701,2 (2018: 761.2)
- Profit before tax (£ million): 624.6 (2018: 649.9)
- Profit after tax (£ million): 495.7 (2018: 504.7)
- Basic earnings per share before exceptional items (pence): 201.6 (2018: 215.8)
- Basic earnings per share (pence): 178.9 (2018: 183.1)
- Total dividend per share (pence): 114.0 (2018: 114.0)
Peter Harrison, Group Chief Executive, commented: “We are pleased that the structural changes we have made in our business have delivered a resilient performance with record net new business of £43.4 billion during the year. As a committed active asset manager, our assets under management exceeded half a trillion pounds for the first time.
Over the last few years we have been re-positioning our business behind a clear vision to move closer to our end clients through Wealth Management, expand our capabilities in Private Assets and grow our Solutions business. Today, these business areas represent over half of our clients’ assets under management.
The year saw three notable events: the successful launch of Schroders Personal Wealth (our joint venture with Lloyds Banking Group), the start of the transfer of the Scottish Widows mandate to Schroders and the establishment of a market-leading position in impact investing and micro-finance through our acquisition of BlueOrchard.
We will maintain a focus on active, responsible investing to create better outcomes for our clients. We will continue to invest for the long-term growth of the business and are confident that our diversified model and differentiated strategy will generate value for our clients and shareholders.
In the near term, Covid-19 is creating considerable uncertainty for economies and markets. We believe that our business resilience is sufficient to deal with this, but the impact on economies and markets will be highly correlated with how effective containment measures are.”