EFA has achieved exceptional results at the end of 2006, confirming the validity of its strategic direction of being the only specialist independent fund administrator in Europe, says the company.
Last year, sales turnover reached € 51.5m, an increase of 11.9% compared to 2005. Pre-tax profits rose to € 7.0m; an increase of 7.8% over the already remarkable results achieved in 2005. This represents a return, after-tax, on capital of 37.8%.
The assets administered by EFA as at December 31, 2006 amounted to € 115.5 billion; an increase of 17.5% from December 31, 2005. The number of sub-funds under administration rose to 2,135, representing growth of 21.5% over the same period.
“The strategy of the company’s creation as an independent European actor specialized in the administration of investment funds is validated by these results,” says Thomas Seale, President of the Management Committee.
“We have faith in our capacity to extend the success experienced for the past 10 years beyond the Luxembourg fund market. The first successes of our new French subsidiary have been very encouraging.”