Hargreaves Lansdown PLC (OTCPK:HRGLF)
$ 13.65 0 (0%) Market Cap: 6.52 Bil Enterprise Value: 5.73 Bil PE Ratio: 17.76 PB Ratio: 6.38 GF Score: 91/100

Half Year 2020 Hargreaves Lansdown PLC Earnings Call Transcript

Jan 31, 2020 / 09:00AM GMT
Release Date Price: $23.97
Christopher F. Hill
Hargreaves Lansdown plc - CEO & Executive Director

Thanks, Jane. All right. Good morning. Welcome to the Hargreaves Lansdown interim results presentation for the first half of our 2020 financial year. Thank you very much for being with us here today, and welcome to all those who are joining by the phone. I'm Chris Hill, Chief Executive, and I'm joined by Philip Johnson, Chief Financial Officer.

So the first half of our financial year was another period of growth. We saw a number of challenges with uncertainty from world's trade concerns, Brexit and a general election. Despite this, the continued execution of our strategy and our focus on ensuring the right outcomes for clients means that we've seen growth through the period.

We welcomed 50,000 new clients in the half year and our direct market share has increased to 41.8%. We delivered GBP 2.3 billion of net new business. Our AUA exceeded GBP 100 billion for the first time, finishing up 22% at GBP 105.2 billion of AUA. And we continue to develop both proposition and service. Active Savings now has over GBP 1.6

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