Assets under management increased by 21.0% to EUR 4.2 billion at the end of 2018. The operating income (excluding extraordinary results) increased by 12.7% to EUR 39 million (2017: EUR 35 million). Total income was EUR 40 million.
Expenses in 2018 increased by 12.0% to EUR 31.7 million (2017: EUR 28.3 million), primarily because of higher co-worker related costs related to insourcing the asset management of the SRI offering. Taking corporate income tax, financial income and cost in to consideration the net result over 2018 amounts to EUR 5.9 million, 14.6 % higher than in 2017 (EUR 5.2 million).
Triodos Investment Management’s balance sheet consists mostly of cash, short term debtors on managed entities and short-term liabilities to Triodos Bank.