11/24/2021 | Press release | Distributed by Public on 11/24/2021 01:01
Record discretionary fund inflows and delivering on our strategic growth ambitions
Strong financial performance
|30 Sept 2021 £'m||30 Sept 2020 £'m||Change|
|Profit before tax and adjusted¹ items||90.9||78.2||16.2%|
|Statutory profit before tax||72.5||62.1||16.7%|
|Earnings per share|
|Basic earnings per share||18.8p||16.3p||15.3%|
|Diluted earnings per share||18.3p||15.9p||15.1%|
|Adjusted1,2 earnings per share|
|Basic earnings per share||24.6p||21.1p||16.6%|
|Diluted earnings per share||23.8p||20.6p||15.5%|
1. Adjusted items are amortisation of client relationships and brand, onerous contracts, acquisition costs, incentivisation awards, defined benefit pension scheme past service costs and other gains and losses. See the Financial Review for an explanation of the adjusted measure.
2. See note 9 to the Financial Statements.
Delivering on our strategic priorities
Outlook and guidance for FY 2022
Robin Beer, Chief Executive, said:
"We have had an exceptional year achieving record discretionary inflows and are delivering on our growth ambitions. None of this would have been possible without our people, who have adapted so effectively to remote working and continue to focus on putting our clients at the centre of all their decision making. We have remained relevant by continuing to innovate our propositions whilst also developing our digital capabilities. We have started to drive operational efficiencies through our client management system and our new custody and settlement system is now live.
Looking ahead to FY 2022, our priority is to complete the final phased rollout of functionality for our new custody and settlement system, which will complete in summer 2022. On completion, with our new technology capabilities coupled with the operational excellence programme, we expect to capture significant synergies and benefits across the business, supporting our vision to deliver double digit earnings per share growth by 2025. We remain focused on becoming the leading advice-focused digitally enabled wealth manager in the UK and Ireland, which we believe will allow us to benefit from sector growth and capture market share."
Declaration of Final Dividend
The Board is proposing a final dividend of 11.1p per share, to be approved at the 2022 AGM and to be paid on 9 February 2022 to shareholders on the register at the close of business on 7 January 2022 with an ex-dividend date of 6 January 2022.
For further information:
Brewin Dolphin Holdings PLC
Carla Bloom, Head of Investor Relations
Tel: +44 (0)20 7248 4400
Ben Woodford / Geoffrey Pelham-Lane
Tel: +44 (0) 799 065 3341 / +44 (0) 773 312 4226
The results presentation will be held at 9.00am on 24 November 2021 and available to watch via a video webcast. The audio link can be found on the corporate website (www.brewin.co.uk/group/investor-relations). Investors and analysts who would like to ask questions are also able to dial in to the call using UK & International: +44 (0) 33 0551 0200 or UK toll-free: 0808 109 0700.
NOTES TO EDITORS:
About Brewin Dolphin:
Brewin Dolphin is one of the UK and Ireland's leading independent providers of discretionary wealth management. We continue to focus on discretionary investment management, and we manage £49.8 billion of funds on a discretionary basis. In line with the premium we place on personal relationships, we have built a network of offices across the UK, Channel Islands and the Republic of Ireland, staffed by qualified investment managers and financial planners. We are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients' needs at the core.