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St. James’s Place Annual Results 2012

28 Feb 2013

Strong financial performance leads to 33% dividend increase

View the financial highlights and CEO commentary below for our annual results for the year ended 31 December 2012.

St. James's Place plc announced its first quarter interim management statement on 25 April 2013 - read the press release »

  2012 2011 Change
EEV new business profit (£m) 276.8 246.0 +13%
EEV operating profit (£m) 365.9 371.5 -1.5%
IFRS profit before shareholder tax (£m) 134.6 109.7 +23%
Cash result (£m) 91.7 67.0 +37%
Full year dividend (p) 10.64 8.0 +33%
EEV net asset value per share (p) 461.0 385.0 +20%
Financial highlights:
  • Strong performance in EEV & IFRS profit
  • Third successive year of 33% dividend growth
  • Similar significant increase in dividend expected in 2013
  • Record total single investments of £5.88 billion (2011: £5.2 billion) up 13%
  • Net inflows of £3.35 billion (2011: £3.21 billion) supported by our 95% retention rate
  • Total funds under management up 22% to £34.8 billion
  • Partnership numbers at 1,788, up 8% (2011: 1,649)
  • The Academy continues to attract new talent with 54 ‘apprentices’ currently in the programme.
David Bellamy, Chief Executive, commented:

“I am very pleased to report another strong performance from St. James’s Place in new business, profits and funds under management. The continuing growth and maturity in funds under management has, as expected, translated into strong growth in the cash result. Consequently we have been able to grow dividends by 33% in each of the last three years and have the confidence today to signal a similar significant increase for 2013.

Whilst we recognise that there is still economic uncertainty, everything we understand about our marketplace tells us that there has never been a greater need for high quality advice delivered by a trusted adviser, backed by a well respected company. The scale and strength of the company’s adviser led approach to wealth management, twinned with a proven investment proposition, leaves St. James’s Place both uniquely and well positioned to benefit from the long term demographic and market opportunities in wealth management.

We have good momentum across all aspects of the business and are therefore confident in our ability to continue our growth in line with our medium term objectives in 2013 and beyond.”

Enquiries:

 David Bellamy, CEO  Tel: 020 7514 1963
 Andrew Croft, CFO  Tel: 020 7514 1963
 Tulchan Communications  Tel: 020 7353 4200
 John Sunnucks / Michelle Clarke