# abrdn continues to execute strategy with revenue up 4%

- Link: https://www.directorstalkinterviews.com/abrdn-continues-to-execute-strategy-with-revenue-up-4/4121124907
- Published: 2023-08-08T07:59:34+01:00
- Author: Amilia Stone

**[abrdn plc](https://www.directorstalkinterviews.com/ftse-company/abrdn-plc/abdn.l)**(
LON:ABDN) has announced its half-year results for 2023.

> “We continued to move at pace to execute our strategy over the first six months
> of 2023 in a challenging macro environment. Thanks to abrdn’s revenue diversification
> and the resilience we have built into our business with the acquisition of interactive
> investor last year, we grew revenue by 4% and adjusted operating profit by 10%
> over the period. We are on track to deliver our £75m cost savings target in Investments
> as we continue our work to restore that business to a more acceptable level of
> profitability.
> We have a strong balance sheet, bolstered by £535m of cash realised during the
> period from the sales of our non-core Indian investments in HDFC Life and HDFC
> Asset Management. This supported a share buyback of £150m, which is near completion,
> and we are announcing an extension to this programme to £300m. We have also deployed
> capital during this period to further strengthen our position in Investments through
> bolt-on acquisitions. We look forward to completing our acquisition of the specialist
> healthcare fund management business of the US-based Tekla Capital, during H2, 
> which will add some $3.2bn^(1) of AUM and $32m^(1) of revenues.”
> **Stephen Bird, Chief Executive Officer**

**Media**

A conference call for the media will take place at 08:00am (BST) on 8 August 2023.
To access the conference call, you will need to pre-register at: [https://event.loopup.com/SelfRegistration/registration.aspx?booking=DRKZbXkIeQh4cubwZHMpNRO3cEyEX64RZI38at9Yn1A=&b=2389e96d-457b-46a8-bebb-fec356d5b031](https://event.loopup.com/SelfRegistration/registration.aspx?booking=DRKZbXkIeQh4cubwZHMpNRO3cEyEX64RZI38at9Yn1A=&b=2389e96d-457b-46a8-bebb-fec356d5b031)

**Institutional investors and analysts**

A presentation for analysts and investors will take place via webcast at 09:45am(
BST) on 8 August 2023. To view the webcast live please go to www.abrdn.com

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