Gresham House plc - Annual Results 2021

Highlights Organic AUM growth of £1.9bn, an increase of c.50% Net core income increased by 51% to £61.6m Adjusted operating profit of £20.2m up 67% on FY20 Adjusted operating margin improved to 32.7% (FY20 29.6%) ROCE of 34.1% (FY20 16.0%) Strong cash generation and balance sheet to capture growth opportunities in 2022 Final dividend proposed to increase by 67% to 10.0 pence (2020: 6.0 pence)   Download the pdf >>

Commenting on the results, Chief Executive, Tony Dalwood  said:

“Throughout 2021 we made exceptional progress on the delivery of our GH25 five-year strategy and are reporting outstanding growth in AUM, profitability and revenue. We are focused on private assets which exhibit long-term superior investment returns alongside sustainability characteristics.

“We have demonstrated our ability to grow organically and to add value through acquisitions, providing an exciting future for our Group. Gresham House Ireland and the Mobeus VCT businesses enhance the strategic ambitions and potential for the Group.

“Momentum across the business continues to be buoyed by the structural shift driving fund inflows into alternative asset classes as we continue to diversify our client base. Our ESG-focused strategy and strong investment performance mean we are well placed to capture the rising demand for investments that deliver both financial returns and sustainable, climate-based solutions.

“In light of our excellent 2021 performance, we are well on track to achieve our GH25 objectives and have therefore upgraded our targets in accordance with our ambition and strategic goals. Despite the current macroeconomic environment and geo-political events, we are confident of further growth throughout 2022 as we continue to deliver value to all our stakeholders.”

Gresham House hosted an Annual Results webinar at 9:00am on Tuesday 15 March – please register here to watch >>

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Past performance is not a reliable indicator of future performance.  Capital at risk.

1. The net trading profit of the Group after charging interest, before depreciation, amortisation, share-based payments relating to acquisitions, profits and losses on disposal of tangible fixed assets, net performance fees, net development gains and exceptional items