Highlights
Net revenue 24% higher at £1,078.5 million (2012: £869.2 million)
Underlying profit before tax increased by 39% to £482.7 million (2012: £347.8 million)
44% increase in underlying diluted earnings per share to 32.5p (2012: 22.6p)
Final dividend of 10.0p per share (2012: 7.1p), making 16.0p for the full year (2012: 11.5p)
Net cash increased by 60% to £426.6 million (2012: £266.4 million)
Assets under management increased by 7% to £200.4 billion (2012: £187.2 billion)
|
|
2013 |
2012 |
|
Net revenue |
£1,078.5m |
£869.2m |
|
Pre-tax profit |
|
|
|
Before amortisation of intangibles and acquisition costs |
£482.7m |
£347.8m |
|
After amortisation of intangibles and acquisition costs |
£390.3m |
£269.7m |
|
Diluted earnings per share |
|
|
|
Before amortisation of intangibles and acquisition costs |
32.5p |
22.6p |
|
After amortisation of intangibles and acquisition costs |
26.2p |
17.6p |
|
Total dividend per share |
16.0p |
11.5p |
|
Gross new business |
£43.9bn |
£36.0bn |
|
Net new business |
(£2.5bn) |
£0.0bn |
|
Assets under management at the year end |
£200.4bn |
£187.2bn |
Martin Gilbert, Chief Executive of Aberdeen Asset Management PLC commented:
"These results are testament to the breadth and scale of Aberdeen and our long-term investment track record. We are very pleased to have delivered another year of strong growth in revenues and earnings despite the uncertainties in global financial markets and emerging markets in particular. During this period we have continued to focus on delivering long-term returns for our clients. Our strong cash generation has enabled us to strengthen our balance sheet further and support a 39% rise in the full year dividend.
"Whilst there are encouraging signs of recovery in certain economies around the world, including the UK, the investment environment is likely to remain difficult as structural imbalances remain unresolved. Against this backdrop our fund management teams will continue to focus on fundamental research to identify opportunities for our clients.
"Separately we have announced today the formation of a strategic relationship with Lloyds Banking Group, which includes the acquisition of Scottish Widows Investment Partnership. We believe this acquisition is an important step in cementing Aberdeen's position as one of the world's leading investment groups."
