Financial highlights
- Assets under management (AUM) at 31 December 2015 up 13% to £92.0bn (31 December 2014: £81.2bn)
- Record net inflows for the year of £8.5bn (2014: £7.1bn)
- Underlying profit before tax from continuing operations of £220.0m, up 17% (2014: £187.8m)
- Diluted continuing underlying EPS of 17.2p, up 17% (2014: 14.7p)
- Capital above regulatory requirement of around £100m1 without recourse to the waiver from consolidated supervision
- Board recommends a final dividend of 7.20 pence per share to take the total dividend for the year to 10.30 pence per share.
Business update
- Strong investment performance: with 81% of funds outperforming relevant metrics over three years2 as at 31 December 2015
- Net new money growth from continuing operations of 11%3, driven by Retail flows well ahead of the industry peers
- Global expansion: acquisitions of Perennial Fixed Interest and Perennial Growth Management in Australia closed on 1 November 2015.
Andrew Formica, Chief Executive of Henderson, said:
"2015 was another strong year for Henderson. Our active investment management capabilities delivered excellent returns for our clients in difficult market conditions, and we achieved record net inflows and underlying profits. Our organic growth initiatives are making good progress, with encouraging performance from new investment teams and AUM growth in all regions, notably the US, Continental Europe and Latin America. We accelerated our growth plans in Australia with three acquisitions in the course of the year.
"The first few weeks of 2016 have been challenging for investors and our clients, with a wide range of economic and geo-political risks weighing on markets. We will review our short term plans if difficult market conditions persist, but remain focused on our long term goals to grow and globalise our business."
