Hargreaves Lansdown Plc ('the Group') today publishes its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency rules. This statement covers the period from 1 July 2012 to 11 October 2012, and includes trading results for the three months ended 30 September 2012.
Summary
- Record level of Assets Under Administration ("AUA"), increasing by £2.2 billion in the three months to 30 September 2012 to £28.5 billion.
- Pleasing start to the year given challenging economic and market conditions for retail investors.
- Revenue £68.7m, a record for any quarter and up 20% compared to Q1 2011.
- Continued growth in assets - net new business inflows of assets of £0.55bn (Q1 2011: £0.68bn).
- Active Vantage client numbers rose by 7,000 (Q1 2011: 8,000) to 432,000. 10,000 new accounts.
- Corporate Vantage scheme member numbers doubled in quarter to over 9,400.
- Excellent start to October.
