The Schroders Board has recommended a final dividend of 15.0 pence per share, making a total dividend of 21.5 pence per share.
Other financial highlights include:
Net operating revenue, excluding performance related fees, increased by 1%.
-Operating profit, a key performance indicator (KPI), was robust at £723.0 million. These results were achieved in the face of challenging markets and lower performance fees.
-Statutory pre-tax profit of £586.9 million was impacted by mark-to-market movements on balance sheet items and acquisition related costs including amortisation.
-Their three-year investment performance¹ KPI remained strong, with 73% of assets outperforming.
-Schroders Capital, their private assets business, achieved record fundraising of £17.5 billion. Similarly, our wealth management advice businesses delivered strong organic growth of 6.6%.
-Net new business (NNB) was resilient at £(1.6) billion (excluding joint ventures and associates) given the volatile fourth quarter. 2023 has started positively, particularly in Schroders Solutions.
