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(Sharecast News) - Asset manager Schroders said on Thursday that its full-year results were set to come in ahead of market expectations, with adjusted operating profits expected to be at least 745m, up from 603.1m a year earlier.
Schroders stated adjusted net operating income was expected to be no less than 2.58bn, compared with 2.44bn in 2024, helped by a favourable assets under administration mix, while operating expenses were seen broadly unchanged year-on-year at around 1.83bn, reflecting continued cost discipline and progress on its transformation programme.
The FTSE 100-listed firm also said it remains on track to deliver 150m of annualised net savings by the end of 2027, with its adjusted costincome ratio expected to improve to around 71% from 75%.
Group AUM was expected to be around 825bn including joint ventures and associates, or 730bn excluding them, driven by market gains, investment performance and roughly 11bn of net new business.
Public Markets generated around 3.9bn of inflows, while Schroders Capital delivered 4bn, plus a further 500m from Future Growth Capital. Wealth Management recorded around 3.4bn of inflows, equivalent to a 2.7% net new business rate, although charity mandates saw modest net outflows despite strong gross inflows.
Reporting by Iain Gilbert at Sharecast.com
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