AUM growth in 2020 has been far above expectations. In the FY to end-Sep it was up 34% from £15.1bn to £20.2bn. And this wasn’t just because of buoyant stock markets. Average quarterly inflows jumped 149% from 0.35bn to 0.87bn. Post FY-end, Oct and Nov saw another 9.4% added to AUM leaving it at £23.4bn on 30 Nov. Equally impressive financial results for FY20 have now been delivered, with revenue and adjusted operating profits slightly ahead of our previous forecasts. We increase our fundamental per share valuation to 640p.
07 Dec 2020
AUM surges | revenue, profit, cash & dividend jump
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AUM surges | revenue, profit, cash & dividend jump
Impax Asset Management Group plc (IPX:LON) | 463 0 0.0% | Mkt Cap: 613.6m
- Published:
07 Dec 2020 -
Author:
Hannah Crowe | Paul Bryant -
Pages:
16
AUM growth in 2020 has been far above expectations. In the FY to end-Sep it was up 34% from £15.1bn to £20.2bn. And this wasn’t just because of buoyant stock markets. Average quarterly inflows jumped 149% from 0.35bn to 0.87bn. Post FY-end, Oct and Nov saw another 9.4% added to AUM leaving it at £23.4bn on 30 Nov. Equally impressive financial results for FY20 have now been delivered, with revenue and adjusted operating profits slightly ahead of our previous forecasts. We increase our fundamental per share valuation to 640p.