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Annual Results 2016 - Press Release

02/03/2017

  • Profit before tax and exceptional items* up 6% to £644.7 million (2015: £609.7 million)
  • Earnings per share before exceptional items* up 5% to 186.3 pence (2015: 176.9 pence)
  • 74% of assets outperforming benchmark or peer group over three years (2015: 72%), 85% outperforming over five years (2015: 76%)
  • Assets under management and administration up 27% to £397.1 billion (2015: £313.5 billion)
  • Net inflows £1.1 billion
  • Full-year dividend up 7% to 93.0 pence per share (2015: 87.0 pence)
 2016 - £m2015 - £m

Profit before tax and exceptional items

                  Asset Management

                  Wealth Management

 

553.9

56.3

 

528.4

60.5

                                       

 

Group segment

610.2

 

7.9

588.9

 

0.1

Profile before tax 618.1 589.0
Profit before tax and exceptional items 644.7 609.7

 

Basic earnings per share (pence)

 

178.3

 

171.1

Basic earnings per share before exceptional items (pence)* 186.3 176.9
Total dividend (pence per share) 93.0 87.0

 

Peter Harrison, Group Chief Executive, commented: “We delivered good results in 2016, with profit before tax and exceptional items increasing 6% to £644.7 million. Strong investment performance, positive net inflows and strategic acquisitions led to assets under management and administration increasing 27% to £397.1 billion.

We have made good progress against our strategic objectives and see a number of future growth opportunities. Our diversified business model, a strong financial position and willingness to invest behind the business means we are well placed to take advantage of these opportunities, despite the challenges faced by the industry.

Consistent with these good results, the Board is recommending a final dividend of 64 pence per share, bringing the total dividend for the year to 93 pence per share, an increase of 7%.”

*Defined and explained in the glossary

For further information please contact:

Investors

Alex James, Investor Relations
+44 (0) 20 7658 4308
alex.james@schroders.com

Press

Beth Saint, Head of Communications
+44 (0) 20 7658 6168
beith.saint@schroders.com

Anita Scott, Brunswick
+44 (0) 20 7404 5959
schroders@brunswickgroup.com

Forward-looking statements

This interim management statement may contain forward-looking statements with respect to the financial condition, performance and position, strategy, results of operations and businesses of the Schroders Group. Such statements and forecasts involve risk and uncertainty because they are based on current expectations and assumptions but relate to events and depend upon circumstances in the future and you should not place reliance on them. Without limitation, any statements preceded or followed by or that include the words ‘targets’, ‘plans’, ‘sees’, ‘believes’, ‘expects’, ‘aims’, ‘will have’, ‘will be’, ‘estimates’ or ‘anticipates’ or the negative of these terms or other similar terms are intended to identify such forward-looking statements. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by forward-looking statements and forecasts. Forward-looking statements and forecasts are based on the Directors’ current view and information known to them at the date of this interim management statement. The Directors do not make any undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this interim management statement should be construed as a forecast, estimate or projection of future financial performance.

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