Business
Financial results for the year ended 31 Dec 2022
Financial results for the year ended 31 Dec 2022.
About this update from Man Group Plc
[{"type":"text","content":"\n \n \n Press Release\n \n \n \n 28 February 2023\n \n \n \n \n RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022\n \n \n \n \n Significant alpha and net inflows reflect quality of investment offering across alternative and long-only\n \n \n \n o \n Asset weighted investment outperformance versus peers across our strategies of 1.4%[KPI]\n \n \n o \n Net inflows of\n $3.1 billion\n for the year ended 31 December 2022, 5.3% ahead of the industry[KPI]\n \n \n o \n Assets under management (AUM\n ) of $143.3 billion, up from $138.4 billion as at 30 September 2022\n \n \n \n 26% core EPS (diluted) growth, demonstrating the strength of our business model\n \n \n \n o \n Core net management fee revenue growth of 6% despite clear sector headwinds\n \n \n o \n $779 million of core performance fees; a very strong outcome for a second consecutive year\n \n \n o \n Statutory EPS (diluted) of 45.8¢ and core EPS (diluted) of 48.7¢[KPI], the highest in over a decade\n \n \n \n Consistent shareholder returns and capital discipline support long-term growth prospects\n \n \n \n o \n 12% increase in the total dividend per share, in line with our progressive dividend policy\n \n \n o \n Net financial assets of $983 million as at 31 December 2022 (2021: $907 million)\n \n \n o \n Intention to repurchase a further $125 million of shares after the share buyback programme announced in December 2022 is complete ($114 million of shares had been repurchased as at 24 February 2023)\n \n \n \n \n \n \n \n $ millions, unless otherwise stated\n \n \n \n \n \n \n 31 Dec 2022\n \n \n \n \n \n \n 31 Dec 2021\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n AUM, end of period\n \n \n \n \n \n \n $143.3bn\n \n \n \n \n \n \n $148.6bn\n \n \n \n \n \n \n (4%)\n \n \n \n \n \n \n \n Core net management fee revenue\n \n \n \n \n 927\n \n \n \n \n 877\n \n \n \n \n 6%\n \n \n \n \n \n \n Core performance fees\n \n \n \n \n 779\n \n \n \n \n 569\n \n \n \n \n 37%\n \n \n \n \n \n \n \n Core net revenue\n \n \n \n \n \n \n 1,696\n \n \n \n \n \n \n 1,486\n \n \n \n \n \n \n 14%\n \n \n \n \n \n \n \n \n Core\n \n \n profit before tax\n \n \n \n \n \n \n 779\n \n \n \n \n \n \n 658\n \n \n \n \n \n \n 18%\n \n \n \n \n \n \n \n \n Statutory\n \n \n profit after tax\n \n \n \n \n \n \n 608\n \n \n \n \n \n \n 487\n \n \n \n \n \n...