AJ Bell PLC (FRA:3FY)
€ 5.35 -0.05 (-0.93%) Market Cap: 2.24 Bil Enterprise Value: 2.02 Bil PE Ratio: 22.27 PB Ratio: 9.13 GF Score: 96/100
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Full Year 2024 AJ Bell PLC Group Call for Investors Transcript

Dec 05, 2024 / 03:30PM GMT
Release Date Price: €5.95 (+1.71%)
Danni Hewson
AJ Bell PLC - Head, Financial Analysis

Hello and welcome to AJ Bell's 2024 annual results video. We're shortly going to hear from Michael Summersgill and Peter Birch, CEO and CFO of AJ Bell. But first, let's go through some of the key numbers from the year starting with customers and A LS total platform customers increased by 66,000 in the year to close at 542,000. An increase of 14% platform assets under administration closed at 86.5 billion pounds. Up 22% in the year. Net inflows were up 45% versus the prior year to 6.1 billion pounds with 2.2 billion attributable to the advised platform and 3.9 billion being D two C moving on to the key numbers from today's full year results revenue was up 23% to 269.4 million pounds driven by strong ad valorem and transactional revenues.

AOR revenue was up 25% to 202 million pounds due to growth in custody fees driven by higher average and an increase in net interest income generated on cash balances. Held on the platform, transactional fees were up 34% to 35.3 million pounds. Dealing activity was higher in the year due to improved retail

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