£755m


Fee based revenue

£160m


Adjusted operating profit

£113m


IFRS profit before tax

79%


Cost/income ratio

(£1.9bn)


Net flows ex liquidity1

7.3p


Interim dividend per share

1Excluding Institutional and Wholesale liquidity net flows of (£3.7bn) (H1 2020: £6.9bn).

Stephen Bird

Stephen Bird

Chief Executive Officer

“We have made a strong start to the year and our three-year growth plan.

These results, the first as abrdn plc, show a 52% increase in adjusted operating profit. Each of our three growth vectors have delivered higher revenue and profits, contributing to the highest overall rates of growth since the merger.

Our strategy is about focusing on client needs. The improved flows into our strategically-important products and services show that we are answering client demand. The majority of the outflows that we are seeing are lower margin.

Low interest rates and central bank interventions have created supportive market conditions from which we have benefited. Market volatility is expected to continue due to COVID-19 and its unequal effects in different parts of the world.

We have made good progress in simplifying and focusing our business. The leadership team is now in place to drive the growth we seek through our strategic priorities. Our capital strength gives us the ability to invest in these priorities.

We have a clarity of focus under our new brand and are better positioned to have impact at scale as a global business. We are at the beginning of the journey and we are moving at pace to build our new future.”