Earnings release
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Press Release 3 September 2021 Il allfunds Allfunds publishes its 1H 2021 financial results London / Madrid / Amsterdam - Allfunds Group plc ( " Allfunds " ) ( ¹ ) ( TICKER : ALLFG ) one of the world's leading B2B WealthTech platforms connecting fund houses and distributors , today announces interim results for the six- month period ended 30 June 2021 . Performance overview . . . • • Assets under administration ( " AuA " ) up 16.4 % ( 2 ) since 31 December 2020 to € 1,348 billion Net organic flows ( excluding market performance ) of € 85bn or 11.5 % ( 22.9 % annualised ) over beginning of period ( BOP ) AuA ( 3 ) , which represents record AuA migrations from new clients Revenues of € 247m with a 40 % increase year - on - year on a pro forma basis ( 4 ) Adjusted EBITDA of € 181m implying an Adjusted EBITDA margin of 73 % 99 new fund houses added to the platform and 47 new distributors onboarded In addition , Allfunds keeps innovating for its clients : . • • Unique agreement to provide access to private capital markets for our distributors Strategic partnership to offer offshore funds that will enhance our US and Canadian distribution networks Relevant progress with Allfunds Blockchain : i ) selected for the Spanish Regulatory sandbox project and ii ) launching " FAST " , the innovative solution to deliver efficiencies in investment fund transfers in Spain using Allfunds unique blockchain technology . Juan Alcaraz , Chief Executive Officer , commented : " The first half of the year was a strong period of further growth and record financial performance for Allfunds . Our solid performance is a reflection of our market leadership and engagement with our clients . We have seen net flows representing a 23 % , on an annualised basis , over BOP AuA ( 3 ) , the highest number in the last 3 years . In addition , our Allfunds organic AuA have experienced a 32 % CAGR from 1H 2017 to 1H 2021 ( 5 ) . We continue building up our scalability , reaching over € 1.3 trillion AuA and a stronger market position . In these first six months of 2021 , we have also continued to invest in technology , innovation and people capabilities to keep on enhancing the offer of products and services for our customers , thus confirming Allfunds as one of the leading B2B WealthTech worldwide . ” ( 1 ) Including Allfunds Bank , S.A.U. and its branches and affiliates ( 2 ) Growth rate calculated from an adjusted base of € 1,159bn as of 31 December 2020 which excludes € 73bn of not - yet- transferred AuA from BNPP Acquisition , net of overlaps ( 3 ) Calculated as the sum of flows from existing clients and from new clients over Allfunds organic AuA only as of beginning of period amounting to € 746bn , excluding acquired AuA coming from the BNPP Other portfolio which will be transferred during 2021 and 2022 ( 4 ) Pro forma for illustrative purposes only , to consider the impact of the BNPP Acquisition ( 5 ) Allfunds organic AuA excludes AuA from BNP Acquisition 1