Schroders reports 2018 results
March 7, 2019

Global investment manager Schroders has this morning reported its results for 2018. It highlights the following items.

Net income before exceptional items up 3 percent to £2,123.9 million (2017: £2,068.9 million).

Profit before tax and exceptional items down 5 percent to £761.2 million (2017: £800.3 million). 

Profit before tax down 15 percent to £649.9 million (2017: £760.2 million).

Assets under management and administration down 6 percent to £421.4 billion (31 December 2017: £447.0 billion).

Net outflows of £9.5 billion (2017: net inflows of £9.6 billion). 

Notified net new inflows at 31 December 2018 of over £85 billion.

Total dividend up one penny to 114.0 pence per share (2017: 113.0 pence).

Peter Harrison, Group Chief Executive, commented: "We have been pleased with the underlying strength of the business and the resilience of our diversified business model in 2018. We were delighted to achieve over £85 billion of notified net new inflows at the year end, despite seeing net outflows of £9.5 billion.

"We continued to invest for growth and saw good progress in a number of strategically important areas. There was strong demand from wealth management clients and we announced that we would be entering into a partnership with Lloyds Banking Group to expand our proposition in the UK savings market, under the brand of Schroders Personal Wealth.

"Through organic growth and selective acquisitions, we further increased our footprint and capabilities in North America and private assets and alternatives, two key areas of strategic growth.

"We remain confident that our global presence and diversified business model mean we are well positioned to generate growth for both our clients and shareholders over the long term."





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Global investment manager Schroders has this morning reported its results for 2018. It highlights the following items.

Net income before exceptional items up 3 percent to £2,123.9 million (2017: £2,068.9 million).

Profit before tax and exceptional items down 5 percent to £761.2 million (2017: £800.3 million). 

Profit before tax down 15 percent to £649.9 million (2017: £760.2 million).

Assets under management and administration down 6 percent to £421.4 billion (31 December 2017: £447.0 billion).

Net outflows of £9.5 billion (2017: net inflows of £9.6 billion). 

Notified net new inflows at 31 December 2018 of over £85 billion.

Total dividend up one penny to 114.0 pence per share (2017: 113.0 pence).

Peter Harrison, Group Chief Executive, commented: "We have been pleased with the underlying strength of the business and the resilience of our diversified business model in 2018. We were delighted to achieve over £85 billion of notified net new inflows at the year end, despite seeing net outflows of £9.5 billion.

"We continued to invest for growth and saw good progress in a number of strategically important areas. There was strong demand from wealth management clients and we announced that we would be entering into a partnership with Lloyds Banking Group to expand our proposition in the UK savings market, under the brand of Schroders Personal Wealth.

"Through organic growth and selective acquisitions, we further increased our footprint and capabilities in North America and private assets and alternatives, two key areas of strategic growth.

"We remain confident that our global presence and diversified business model mean we are well positioned to generate growth for both our clients and shareholders over the long term."



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