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Annual Results

Henderson resilient in turbulent year

09 February 2017 07:20

Henderson Group's assets under management rose to £101.0bn in the year to the end of December - up 10% on last time.

Net outflows for the year totalled £4.0bn (2015: £8.5bn net inflows).

Underlying profit before tax fell to £212.7m - down from £220.0m in 2015 - and underlying diluted EPS of 15.2p was down from 17.2p.

The board has recommended a final dividend of 7.30p per share to take the total dividend for the year to 10.5p per share.

Chief executive Andrew Formica said: "Henderson has delivered resilient financial performance in a year of extraordinary turbulence in politics and financial markets.

"It is testament to our strategic progress over the past three years that we report assets under management and management fees at record levels - progress that has enabled us to continue to move forward through the proposed merger with Janus Capital Group.

"We are well advanced on our integration planning and are on track to complete the merger by the end of May.

"In Janus Henderson we are building an investment manager centred on delivering for our clients, that creates opportunities for our colleagues and retains the freedom to innovate, change and grow.

"I very much look forward to working even more closely with Dick Weil and our new colleagues from Janus."

Story provided by StockMarketWire.com

Related Company: HGG

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