Proactive Investors - Abrdn PLC (LON:ABDN) investors will be hoping for further signs of improvement when the asset manager reports on its third-quarter performance next Thursday, October 24.
Having crowned interim boss Jason Windsor as permanent chief executive last month, eyes will now be on Abrdn’s latest efforts to bounce back after shares almost halved under predecessor Stephen Bird.
Half-year results in August had shown an improvement in net outflows to £1 billion from £6.5 billion in the same period of 2023.
Adjusted profits ticked up 1% to £128 million in the meantime, aided by the likes of headcount reductions which saw costs cut by 9%.
This came under efforts to save £60 million over the course of 2024, stretching to at least £150 million by the end of 2025.
Thursday’s results will provide an insight into how Abrdn is faring in meeting the targets therefore, alongside efforts to improve its advisor wing's competitiveness and further grow customer numbers on the interactive investor platform.
Shares have climbed by 23.3% in the past six months, taking year-to-date declines to 2.8%.