Report
Julian Dobrovolschi

Allfunds Group Plc : Q1 2024 figures strong across the board, except for new client migrations

>Strong MtM effect due to stock market recovery, however net flows mixed - Total AuA book ended the quarter at € 1.433bn, which is 1.1% ahead of css estimate and a 3.6% acceleration QoQ. Organic book stood at € 1.028bn, 1.5% higher than css estimate and growing 4.4% vs Q4 2023. Organic AuA book grew faster vs D&A in Q1 2024, which we like as this is the higher-margin book. Most of AuA growth was driven by the market performance/MtM effect, which was strong in Q1 2024 ...
Underlying
ALLFUNDS (UK) LTD

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Julian Dobrovolschi

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