abrdn ( (GB:ABDN) ) has issued an announcement.
abrdn plc has reported its full-year results for 2024, highlighting a strategic repositioning towards growth in wealth and investments. The company achieved an adjusted operating profit of £255 million, up from £249 million in 2023, with significant improvements in investment performance and a reduced net outflow of £6.1 billion. The firm is focusing on sustainable, profitable growth, enhancing client experience, and strengthening talent and culture to drive future performance and shareholder returns. abrdn aims to capitalize on market opportunities such as intergenerational wealth transfer and the growing demand for private markets, positioning itself for long-term success.
More about abrdn
abrdn plc is a leading Wealth & Investments group in the UK, offering fast-growing direct and advised wealth platforms and specializing in asset management. The company focuses on providing excellent client service, leveraging technology and talent to enable clients to be better investors. Its market focus includes self-directed investors, financial advisers, and various institutional clients such as insurance companies and sovereign wealth funds.
YTD Price Performance: 12.33%
Average Trading Volume: 3,386,426
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.83B
Learn more about ABDN stock on TipRanks’ Stock Analysis page.