finnCap Group PLC H1 22 Unaudited Revenues -- strong growth on H1 21 (8235N)
04 Octubre 2021 - 1:00AM
UK Regulatory
TIDMFCAP
RNS Number : 8235N
finnCap Group PLC
04 October 2021
For immediate release
4 October 2021
finnCap Group PLC
H1 22 Unaudited Revenues - strong growth on H1 21
Further to its AGM statement on 23 September 2021, finnCap Group
PLC ("finnCap" or the "Company" or the "Group"), a leading provider
of strategic advisory and capital raising services to growth
companies, is delighted to confirm that unaudited revenue for the
six months ended 30 September 2021 is expected to be approximately
GBP31.8m, an increase of 55% on the prior period.
The unaudited divisional performance is set out below:
H1 22 H1 21
Six months to 30 September 2021 2020
(unaudited) GBPm GBPm %
Revenues
Retainer income 3.2 3.2 0%
Transactions 8.7 10.1 -14%
Institutional stockbroking 3.7 3.1 19%
------ ------
finnCap Capital Markets 15.6 16.3 -4%
finnCap Cavendish 16.2 4.2 286%
------ ------
Total Revenue 31.8 20.5 55%
Sam Smith, CEO commented:
"We closed 4 further M&A deals between our AGM update on
23rd September and the end of the first half of the year and group
revenue is up 55%. In H1, we raised GBP243m of equity for clients,
advised on 5 public company M&A transactions with an aggregate
value of nearly GBP500m and on 13 private M&A transactions with
an aggregate value of GBP1 billion.
Our finnCap Capital Markets team performed well - in a
comparatively quieter period - and revenue is in line
with our expectations. finnCap Cavendish has clearly capitalised on a robust M&A market.
Our overall revenue growth shows the clear benefit of our
strategy to diversify our products beyond ECM - undertaken over the
past 3 years - to service the broader strategic and financial needs
of ambitious growing companies. Our pipeline is healthy and we now
feel confident in delivering a revenue outcome for the year within
an upgraded range of GBP45-50m.
I look forward to announcing our interim results and updating
investors on our current trading and dividend expectations for FY22
later in November."
Contacts:
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
Richard Snow, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/George Grainger
Oberon Capital (Joint Broker) Tel: +44 (0) 20 3179 5344
Mike Seabrook
finnCap Ltd (Joint Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams/Tim Redfern
Hudson Sandler (PR Adviser) Tel: +44 (0) 20 7796 4133
Dan de Belder/Rebekah Chapman
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
About finnCap
finnCap Group provides strategic advice, capital raising and
related services to corporate and institutional clients and high
net worth investors including private equity and family offices.
Established in 2007 the Group has built a strong track record in
equity advice and fund-raisings, public and private M&A, debt
arrangement and advice and act as NOMAD for clients listed on AIM
with a particular focus on the technology, life sciences, consumer
and business services sectors.
END
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