The company has been operating for 38 years, and this was the best result ever measured in revenue and operating profit. This was also the sixth consecutive record year. Other highlights in 2024 were that we received excellent ratings in our customer satisfaction service. We also organized an employee and tied agent share issue, which was oversubscribed. Now, 75% of UB personnel owns shares in UB. We were also chosen the Most Responsible Workplace in Finland. Our revenue was EUR 62.1 million, up almost 20% from last year. Our operating profit was EUR 23.7 million, up almost 40% from last year. Our earnings per share was EUR 1.66 when it was EUR 1.24 last year. The key drivers behind the good result were the performance fee and mainly the performance fees from our forestry funds. Our assets under management grew by EUR 200 million to EUR 4.8 billion.
73% of our AUM generates recurring fees every day. Last year, the same figure was 71%. We were successful in raising capital to our discretionary asset management mandates. From UB's perspective, the market was quite challenging. Stock markets in the U.S. were great; in Europe, they were decent, and in Finland, the market was quite soft. Alternative investment products faced a challenging year due to liquidity issues and due to investors' over-allocations in this segment. I believe that the products and the services that will contribute to our next year's growth will be our forestry fund, our new housing fund, our renewable energy fund, and the discretionary asset management mandates. Of our different sales channels, I have high expectations for international sales. We have put a lot of effort into international sales, and I'm confident that this is the year that the hard work pays off.
We are a growth company, and asset management is a growing industry. We have a top-tier team committed to the long-term development of UB. We also offer high-quality products and services.