Mar 06, 2024 / 08:30AM GMT
Steven Levin - Quilter PLC - CEO
Hey, everyone, and welcome to our 2023 full year results. I'm going to do three things this morning. I'm going to take you through our business highlights, I'm going to cover the flows and improved momentum that we're seeing, particularly in our Affluent segment, and I'm going to update you on the three key strategic priorities that we've set out. Mark will then walk through the financials and I'll summarize and take Q&A.
We're one year into the changes that I want to implement and we're in good shape. We've delivered strong profit and markedly higher operating margins. Let me start with a few of the key highlights. The 2023 results were really strong. We achieved a 25% increase in adjusted profit to GBP167 million. That's by far the highest profit we've achieved with the current portfolio of businesses. It reflects robust cost performance and higher revenues. As a result, our operating margin at 27% was above our 2025 target.
Our business transformation plans are well on track. We've driven hard on our simplification program and we've delivered that
Full Year 2023 Quilter PLC Earnings Call Transcript
Mar 06, 2024
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