Brief: Allfunds Group PLC FY Total Net Revenue Rises To EUR 546 Mln

Allfunds

29/02/2024 07:10

Feb 29 (Reuters) - Allfunds Group PLC  ALLFG.AS :
    * ALLFUNDS PUBLISHES ITS PRELIMINARY FY 2023 FINANCIAL
RESULTS
    * FY ASSETS UNDER ADMINISTRATION (‘AUA’) INCREASED 7%
YEAR-ON-YEAR
TO EUR1,384 BLN(FY 22: EUR1,296 BLN)
    * FY TOTAL NET REVENUE OF EUR 546 MLN, REPRESENTING A 10%
INCREASE
YEAR-ON-YEAR
    * FY ADJUSTED EBITDA OF EUR 359 MLN, WITH A 3% INCREASE
YEAR-ON-YEAR AND IMPLYING AN ADJUSTED  EBITDA MARGIN OF 66%
    * DISTRIBUTION OF MORE THAN EUR 100 MLN TO SHAREHOLDERS IN
2023,
VIA DIVIDENDS AND SHARE BUYBACK PROGRAMME
    * CONTINUED PROGRESSIVE DIVIDEND POLICY (DIVIDEND PROPOSAL
OF 27%
PAY-OUT)
    * FY ADJUSTED PROFIT AFTER TAX STOOD AT EUR 217 MLN (2021:
EUR 225
MLN), A DECREASE OF 4% COMPARED WITH THE PRIOR  PERIOD.
    * WE ANTICIPATE  ANY POTENTIAL OUTFLOWS OF H1 2024 WILL BE
OFFSET
BY EARLY STAGE INFLOWS TOWARDS THE SECOND QUARTER AND  THE START
OF H2 2024
    * CONTINUE TO SEE THE  MEDIUM TERM MARGIN AT 70%
    * FINALLY, WE EXPECT STABLE MARGINS WITH ADJUSTED. EBITDA
MARGIN
IN THE MID-SIXTIES. WE CONTINUE TO SEE THE MEDIUM TERM MARGIN AT
70%

Source text for Eikon:  ID: 
Further company coverage:  ALLFG.AS 

 (gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))