The latest update is out from Quilter ( (GB:QLT) ).
Quilter plc reported a strong financial performance for 2024, with a 17% increase in adjusted profit to £196 million and a two-percentage point improvement in operating margin to 29%. The company achieved a 12% rise in total assets under management, driven by net inflows and supportive markets, and maintained cost control with a 3% increase in expenses. Despite an IFRS loss after tax of £34 million, Quilter increased its dividend by 13% to 5.9 pence per share, reflecting its robust adjusted earnings growth. The company’s ongoing transformation and simplification efforts are expected to continue impacting its financials, with a focus on future growth and efficiency improvements.
More about Quilter
Quilter plc operates in the financial services industry, focusing on wealth management and investment solutions. It is known for its High Net Worth and Affluent segments, offering advisory and platform services, and is recognized as the UK’s largest and fastest-growing retail advised platform provider.
Average Trading Volume: 375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.58B
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