Interim report
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Hargreaves Lansdown plc Interim results for the six months ended 31 December 2020 Hargreaves Lansdown plc ( " HL " or " the Group " ) today announces interim results for the six month period ended 31 December 2020 . Highlights • Net new business of £ 3.2 billion . • Assets under administration up 16 % since 31 December 2019 to £ 120.6 billion . . 1,496,000 active clients , an increase of 84,000 since 30 June 2020 . ● Profit before tax increase of 10 % to £ 188.4 million ( H1 2020 : £ 171.1m ) . • Interim dividend up 6 % to 11.9 pence per share ( H1 2020 : 11.2p ) Chris Hill , Chief Executive Officer , commented : " I wish to thank my colleagues for their hard work throughout this incredibly difficult time . Their dedication has delivered a period of very strong growth with record new clients and increased market share against the backdrop of the pandemic and the political uncertainty of the US elections and Brexit . As our client numbers continue to grow , we are finding that younger people are taking a greater interest in investing for the future , with the average age of our clients continuing to fall . COVID - 19 has underpinned the importance of financial resilience and Hargreaves Lansdown is well placed to support clients with their saving and investment needs across their lifetimes . " Financial highlights Net new business Total assets under administration ( AUA ) Revenue Underlying profit before tax * Profit before tax Diluted earnings per share Interim dividend per share 6 months ended 31 December 6 months ended 31 December Change % 2020 2019 Year ended 30 June 2020 ( H1 2021 ) ( H1 2020 ) ( FY 2020 ) £ 3.24bn £ 2.31bn + 40 % £ 7.7bn £ 120.6bn £ 105.2bn + 15 % £ 104.0bn £ 299.5m £ 257.9m + 16 % £ 550.9m £ 188.4m £ 171.1m + 10 % £ 339.5m £ 188.4m £ 171.1m + 10 % £ 378.3m 32.1p 11.9p 29.3p + 10 % 65.9p 11.2p + 6 % 11.2p * Underlying profit before tax excludes a one - off gain of £ 38.8m on the disposal of Funds Library in the year ended 30 June 2020 . Contacts : Hargreaves Lansdown For media enquiries : Danny Cox , Head of Communications +44 ( 0 ) 7989 672071 Nick Cosgrove / Caroline Daniel Brunswick +44 ( 0 ) 207 404 5959 For analyst enquiries : James Found , Head of Investor Relations +44 ( 0 ) 7970 066634 Philip Johnson , Chief Financial Officer Analyst presentation Hargreaves Lansdown will be hosting an analyst presentation at 9.00am on 1 February 2021 following the release of these results for the half year ended 31 December 2020. Attendance is by invitation only . A conference call facility will be in place with the following participant dial - in numbers - UK ( toll free ) 0800 640 6441 , UK ( local ) 020 3936 2999 and all other locations +44 20 3936 2999. The participant access code is 603745. Slides accompanying the analyst presentation will be available at www.hl.co.uk/investor-relations and an audio recording of the analyst presentation will be available by close of business on the day . The Interim Results contain forward - looking statements which have been made in good faith based on the information available to us at the time of the approval of this report and should be treated with caution due to the inherent risks and uncertainties , including both economic and business risk factors some of which were set out in the 2020 Annual Report , underlying such forward - looking information . Unless otherwise stated , all figures below refer to the six months ended 31 December 2020 ( " H1 2021 " ) . Comparative figures are for the six months ended 31 December 2019 ( " H1 2020 " ) . Certain figures contained in this document , including financial information , have been subject to rounding adjustments . Accordingly , in certain instances the sum of the numbers in a column or a row in tables contained in this document may not conform exactly to the total figure given for that column or row . LEI Number : 2138008ZCE93ZDSESG90 1 Hargreaves Lansdown plc Interim Report and Condensed Financial Statements - 6 months ended 31 December 2020