Preliminary Announcement for the year ended 31 December 2012
The F&C Asset Management plc Group has today announced its unaudited financial results for the year ended 31 December 2012.
Financial and Business Highlights
Underlying earnings per share (EPS) increased 29% to 7.1p (2011: 5.5p)
Euro/Sterling foreign exchange rate reduced underlying EPS by 0.8p in 2012
Improved dividend cover of 2.4x (2011: 1.8x) on maintained 3.0p dividend
Cost reductions in line with plan
54 new institutional mandates won, 44 of which were clients new to F&C
Assets under management (AUM) of £95.2 billion (2011: £100.1 billion)
Robust investment performance, with 80% of AUM outperforming objectives in 2012 and 76% over three years
