Hargreaves Lansdown grows revenue, profits, assets under administration and active client numbers to new record levels.
Highlights:
- Total assets under administration up 7% at £26.3 billion
- Revenue increased by 15% to £238.7 million
- Profit before tax up 21% at £152.8 million
- Strong organic growth
- Active Vantage clients increased by 45,000 to 425,000 since 30 June 2011
- Total dividend of 22.59 pence per share, up 20% on last year
|
|
Year to 30 June 2012 |
Year to 30 June 2011 |
Change % |
|
Revenue |
£238.7m |
£207.9m |
+15% |
|
Proportion of revenue that is recurring |
81% |
78% |
+3pts. |
|
Profit before tax |
£152.8m |
£126.0m |
+21% |
|
Operating profit margin |
63.1% |
59.8% |
+3.3pts |
|
Total assets under administration |
£26.3bn |
£24.6bn |
+7% |
|
Diluted earnings per share |
24.1p |
19.6p |
+23% |
|
Net business inflows |
£3.2bn |
£3.5bn |
-9% |
|
|
Ian Gorham, Chief Executive, commented:
Hargreaves Lansdown has again delivered excellent business growth, with record revenues (+15%) and profits (+21%). New, innovative services have furthered growth in assets under administration and client numbers to record levels of £26.3 billion and 425,000 respectively. Net business inflows were £3.2 billion despite a difficult economic backdrop. Such strong results are made possible by our continued reputation for unparalleled client satisfaction and highly effective delivery of our strategy to be the best place to buy investments in the UK. We thank our staff for their continued valuable contribution and our clients for their continued loyalty.
