Quilter Reports Strong Growth and Efficiency Gains

Quilter (GB:QLT) has released an update.

Quilter plc has reported a robust first half in 2024, with a 164% surge in core net inflows reaching £1.7 billion, and a 28% jump in adjusted profits to £97 million. The company’s Assets under Management and Administration grew by 7% to £113.8 billion, buoyed by positive market movements and strong inflows. With a focus on efficiency and performance, Quilter’s operating margin has improved to 29%, and they have already achieved £26 million of their targeted £50 million in cost savings.

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