FY22 Unaudited Revenue

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 52.4m, an increase of 12% over FY21.

The unaudited divisional performance is set out below:

Year ended 31 March			2022	2021
(unaudited)			£m	£m	%
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 £52.4m up 12% on FY21.  

In FY22, we raised c.£700m of equity for clients, advised on 7 public company M&A transactions with an aggregate value of over £800m, on 22 private M&A transactions with an aggregate value of c.£1.3 billion and arranged c.£400m 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: [phone]

Sam Smith, Chief Executive Officer
Richard Snow, Chief Financial Officer

Grant Thornton (Nominated Adviser)                                                Tel: [phone]

Philip Secrett/Samantha Harrison/George Grainger  

Oberon Capital  (Joint Broker)  Tel: [phone]

Mike Seabrook

finnCap Ltd (Joint Broker)    Tel: [phone]

Rhys Williams/Tim Redfern

Hudson Sandler (PR Adviser)                                                            Tel: [phone]

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.

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