Business
Interim results to 31 March 2020
Interim results to 31 March 2020.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8901O\n Impax Asset Management Group plc\n 04 June 2020\n \n \n \n \n \n \n \n Impax Asset Management Group plc \n \n \n Interim results to 31 March 2020\n \n \n \n \n \n London, 4 June 2020 - Impax Asset Management Group plc ('Impax' or the 'Company'), the specialist investor focused on a more sustainable global economy, today announces interim results for the six months to 31 March 2020 (the 'Period').\n \n \n \n \n \n Ian Simm, Chief Executive commented:\n \n \n \n \n \n \"Over the past six months, Impax's financial performance has been strong, with high levels of net inflows. Despite market volatility arising from the COVID-19 crisis, investor interest in our funds has remained robust as asset owners look for attractive investment returns, resilient portfolios and the prospect of positive environmental and social impact.\" \n \n \n \n \n \n \"In the current circumstances Impax continues to prioritise staff welfare and client communication. The full team has successfully worked from home for over two months and we are now considering plans to reopen our offices.\"\n \n \n \n \n \n \"As the global recession triggered by COVID-19 unfolds, there is mounting evidence that future consumer preferences and government regulation will align even more closely with the requirements of sustainable development.\"\n \n \n \n \n \n H1 business highlights\n \n \n · \n Business resilience and exceptional staff and client engagement since COVID-19 restrictions imposed\n \n \n · \n £1.8 billion of net inflows in six months, the highest level on record (H1 2019: £887 million)\n \n \n · \n AUM of £14.4 billion as at 31st March 2020, and £15.8 billion as at 30th April 2020\n \n \n · \n Strong net inflows into the thematic Listed Equity strategies; a promising mandate pipeline\n \n \n · \n Robust investment performance across the major strategies\n \n \n · \n Flagship UK investment trust, Impax Environmental Markets plc, joined the FTSE 250 index\n \n \n · \n Received the Queen's Award for Enterprise: Sustainable Development for the second time\n \n \n \n \n \n H1 financial highlights\n \n \n · \n Revenue increased to £41.2 million (H1 2019: £33.8 million) \n \n \n · \n Adjusted operating profit increased to £10.5 million (H1 2019: £7.7 million)\n \n \n · \n Pro...