Trading Update

RNS Number : 3035J

Numis Corporation PLC

29 March 2018

 

EMBARGOED FOR RELEASE

29^th March 2018 at 7.00 am

Numis Corporation Plc

Trading Update

Thursday 29^th March 2018 at 7.00am: Numis Corporation Plc ("Numis") is today issuing a trading update in respect of the six months ending 31^st March 2018.

Numis has delivered a strong first half and is expecting to report revenue and profits significantly ahead of the comparable period last year, although below the record performance achieved in the second half of the prior year.

Transaction volumes across our Capital Markets and M&A activities have been strong throughout the period and in combination with higher average deal fees, Corporate Broking & Advisory has delivered revenue materially higher than the first half of the prior year. Equities also delivered a strong performance achieving revenues in line with the first half of last year notwithstanding the introduction of MiFID II mid-way through the period. 

On the back of new mandates, the outlook for the business remains positive with a strong near term pipeline of transaction opportunities expected to support a robust start to the second half.

The announcement of Numis' half year results for the six months ending 31st March 2018 will be made on 4 May 2018.

ENDS

Contacts

Alex Ham and Ross Mitchinson Co-CEOs                               020 7260 1425

Andrew Holloway, Chief Financial Officer                                020 7260 1266

Brunswick:

Nick Cosgrove                                                                         020 7404 5959

Simone Selzer                                                                           020 7404 5959

Grant Thornton UK LLP (Nominated Adviser):             

Philip Secrett                                                                             020 7728 2578
Harrison J Clarke                                                                      020 7184 4384

Notes for Editors

Numis is a leading corporate advisory and stockbroking group offering a full range of research, execution, corporate broking and corporate finance services to companies quoted in the UK and their investors. 

 

END

 

 

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