Business
Results for the year ended 31 December 2016
Results for the year ended 31 December 2016.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n \nRNS Number : 7393X Jupiter Fund Management PLC 24 February 2017 \n \n\n\n\n\n\nJupiter Fund Management plc\n\n\n\n\nHighlights\n\n\n\n\nResults for the year ended 31 December 2016\n\n\n\n\n \n \n24 February 2017\n \n· 66% of mutual fund AUM have investment performance above median over three years\n· Continued organic growth in our AUM, with net inflows of £1.0bn \n· Assets under management up 13% to £40.5bn\n· Net management fees increased by 10% to £330.2m\n· Profit before tax increased by 4% to £171.4m\n· Total dividends per share of 27.2p, an increase of 7% \n \n\n\n\n\n\n\n\n\n\n\n\n\n\nYear ended \n31 December 2016\n\n\nYear ended \n31 December 2015\n\n\n\n\n\n\n\n\n\n\nAssets under management (AUM) (£bn) \n\n\n\n\n\n40.5\n\n\n35.7\n\n\n\n\n\n\n\n\n\n\nNet inflows (£bn)\n\n\n\n\n\n1.0\n\n\n1.9\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA1 (£m)\n\n\n\n\n\n171.6\n\n\n168.1\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA margin1 (%)\n\n\n\n\n\n49\n\n\n51\n\n\n\n\n\n\n\n\n\n\nProfit before tax (£m)\n\n\n\n\n\n171.4\n\n\n164.6\n\n\n\n\n\n\n\n\n\n\nUnderlying earnings per share1 (p)\n\n\n\n\n\n29.4\n\n\n29.2\n\n\n\n\n\n\n\n\n\n\nOrdinary dividends per share1 (p)\n\n\n\n\n\n14.7\n\n\n14.6\n\n\n\n\n\n\n\n\n\n\nTotal dividends per share (p)\n\n\n\n\n\n27.2\n\n\n25.5\n\n\n\n\n\n\n\n \n1 The Group's use of alternative performance measures is explained on page 8.\n \n \nMaarten Slendebroek, Chief Executive, commented:\n \n\"In a year which many have described as challenging, I am pleased that Jupiter continued to deliver growth for shareholders and value for clients. Investor sentiment was affected by a number of macro events, but against this backdrop we saw inflows alongside healthy growth in profits. We continue to execute on our strategy, successfully launching new funds and products and opening two new international offices. In 2017 we will build on this through our ongoing investment in the people, systems and infrastructure which will help underpin our future growth.\" \n \nAnalyst presentation\n \nThere will be an analyst presentation at ...