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Half Year Results 2017 - Press Release

27/07/2017

Half-year results to 30 June 2017 (unaudited)

  • Profit before tax and exceptional items up 23% to £361.5 million (H1 2016: £293.7 million)
  • Profit before tax up 21% to £342.8 million (H1 2016: £282.3 million)
  • Net inflows £0.8 billion (H1 2016: £1.0 billion*)
  • Assets under management and administration £418.2 billion (30 June 2016: £343.8 billion)
  • Interim dividend up 17% to 34.0 pence per share (interim dividend 2016: 29.0 pence per share)

 

 Six months ended
30 June 2017
£m
Six months ended
30 June 2016
£m
Year ended
31 December 2016
£m
Profit before tax
Asset Management
Wealth Management
 
301.0
36.4

 
249.1
28.4

 
553.9
56.3

 
Group segment 
337.4
5.4
277.5
4.8
610.2
7.9
Profit before tax 342.8 282.3 618.1
Profit before tax and exceptional items 361.5 293.7 644.7
Basic earnings per share (pence) 97.8 81.1 178.3
Basic earnings per share before exceptional items (pence) 103.5 84.5 186.3
Dividend (pence) 34.0 29.0 93.0

*H1 2016 net flows have been restated from £0.7 billion to £1.0 billion to exclude income drawdowns from Wealth Management, which are now included within investment returns.

Peter Harrison, Group Chief Executive, commented: We have delivered another set of good results, with profit before tax and exceptional items increasing 23% to £361.5 million. Assets under management and administration have reached a new high of £418.2 billion. Underlying progress in all regions was encouraging and we are building out our capabilities in Private Assets. We are confident in our ability to continue identifying, and investing in, areas of future growth.   

Markets have remained buoyant in the first half of the year, but we remain cognisant that these trends can be volatile and that market returns are difficult to predict.  Our diversified business model has proven that it is well placed to adapt to the changing landscape and to continue to create value for clients and shareholders over the long term.”

For further information, please contact:

Investors

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

Press

Estelle Bibby, Corporate Communications
+44 (0)20 7658 3431
estelle.bibby@schroders.com

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

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