finnCap Group PLC FY22 Unaudited Revenue (3950I)
14 April 2022 - 4:23PM
UK Regulatory
TIDMFCAP
RNS Number : 3950I
finnCap Group PLC
14 April 2022
For immediate release
14 April 2022
finnCap Group PLC
FY 22 Unaudited Revenue
Further to its announcement on 10 March 2022, 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
year ended 31 March 2022 is expected to be approximately GBP52.4m,
an increase of 12% over FY21.
The unaudited divisional performance is set out below:
2022 2021
Year ended 31 March
(unaudited) GBPm GBPm %
Revenues
Retainer income 6.6 6.4 +3%
Transactions 15.8 21.3 -26%
Institutional stockbroking 5.9 6.8 -13%
----- -----
finnCap Capital Markets 28.3 34.5 -18%
finnCap Cavendish 24.1 12.1 +99%
----- -----
Total Revenue 52.4 46.6 +12%
The Group's adjusted profit before taxation is expected to be in
line with market expectations.
Sam Smith, CEO commented:
"Our strategy to diversify our service offering to meet the
broader strategic and financial needs of ambitious growing
companies has enabled us to generate record revenue of GBP52.4m up
12% on FY21.
In FY22, we raised c.GBP700m of equity for clients, advised on 7
public company M&A transactions with an aggregate value of over
GBP800m, on 22 private M&A transactions with an aggregate value
of c.GBP1.3 billion and arranged c.GBP400m of debt financings.
The finnCap Cavendish team had an exceptional year, helping
clients capitalise in good M&A market conditions and delivered
its best-ever revenue performance.
Operating in a more complex equity market in H2, in particular
following the tragic events in Ukraine, the finnCap Capital Markets
team performed well delivering its second best-ever annual revenue
performance and a result in line with our expectations.
I look forward to announcing our full year results in July."
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
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,
industrial technology and business services sectors.
END
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