BlackRock $BLK (+0,12%)
: Record figures and strategic decisions in the fourth quarter of 2024

BlackRock has once again delivered impressive results in the fourth quarter of 2024 and continues its successful trajectory. The company recorded strong growth in assets under management (AUM), which increased to $11.7 trillionan increase of $2.5 trillion compared to the previous year. This development was driven by $475 billion net inflows and positive market developments. Sales grew by 14 % year-on-year, driven by strong organic growth and higher performance fees.

Financial highlights

• AUM: $11.7 trillion (up $2.5 trillion year-on-year)
• Revenue growth: 14 %
• Adjusted EPS: $8.62
• Operating profit: +22 %
• Operating margin: 46,3 %

Strategic successes

• Global growth: BlackRock achieved net inflows of $250 billion in the fourth quarter, with both active and index-based strategies contributing equally to growth.
• Technology: The digital platform Aladdin and the eFront-technology achieved an increase in the contract price (ACV) of 17 % YoY. The integration of technology to improve operational efficiency and customer access remains a strategic focus.
• Private Markets: The acquisition of Global Infrastructure Partners (GIP) contributed $125 billion to AUM and strengthened BlackRock's position in infrastructure and private markets.
• Sustainability: BlackRock continues to focus on sustainable investing, with a growing number of ESG products that support its strategic focus on responsible financial solutions.

Outlook for 2025

BlackRock raises its forecast for 2025 and expects revenue growth of 6,5-7,0 % and an increase in adjusted operating profit of 9-10 %.

CEO Laurence Fink emphasized that BlackRock's sustainable growth strategy, coupled with technological progress and a clear focus on ESG investing, will equip the company for future challenges and opportunities in the long term:

"Our vision of expanding global access to financial solutions and investing responsibly for the future remains a critical part of our corporate strategy."

With this dynamic blend of technology, innovation and a clear focus on sustainable investing, BlackRock remains a leading player in the global financial sector.

Source: https://s24.q4cdn.com/856567660/files/doc_financials/2024/Q3/BLK-3Q24-Earning-Release.pdf

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