Numis Corporation PLC AGM Trading Update (3769O)
February 09 2021 - 1:00AM
UK Regulatory
TIDMNUM
RNS Number : 3769O
Numis Corporation PLC
09 February 2021
Numis Corporation Plc ("Numis")
AGM Trading Update
Tuesday 9 February 2021
Numis today provides the following trading update in relation to
the four month period ended 31 January 2021. This statement is
issued in advance of the Company's Annual General Meeting which is
being held at 12.30pm today.
In FY20 our performance improved through the year and the strong
performance of the second half has been maintained in the first
four months of FY21. Revenue is approximately 50% ahead of the
comparative period to 31 January 2020 with all areas of the
business performing well.
Investment Banking revenues have continued to be strong despite
the absence of COVID-related fund raising activity in the period.
Average deal fees have increased due to a number of high value
Capital Markets transactions, both public and private, in the
Technology and Digital Consumer sectors where Numis benefits from a
strong client base and a network of international growth investors.
Advisory revenues are ahead of the comparative period and the
outlook for further UK M&A activity appears positive.
Vaccine related news flow and a Brexit deal have contributed to
a favourable environment for the Equities business which has
delivered both consistently strong trading profits, and
Institutional Income ahead of the comparative period. As previously
indicated, Brexit will have a minimal impact on our financial
performance in the short term, however we believe comprehensive EU
market access is strategically important for the business in the
longer term. Accordingly, we intend to establish an EU based office
in the next 12 months.
We are well positioned to benefit from current market
conditions, as demonstrated by the high volume of IPOs we have
completed in recent weeks. The deal pipeline for the remaining two
months of the first half is encouraging and we are focused on
sustaining the positive momentum across the business.
Contacts:
Numis Corporation:
Alex Ham & Ross Mitchinson, Co-Chief Executives 020 7260
1245
Andrew Holloway, Chief Financial Officer
020 7260 1416
Brunswick:
Nick Cosgrove
020 7404 5959
Simone Selzer 020 7404 5959
Grant Thornton UK LLP (Nominated Adviser):
Philip Secrett 020 7728 2578
Harrison Clarke 020 7184 4384
Notes for Editors
Numis is a leading independent investment banking group offering
a full range of research, execution, corporate broking and advisory
services to companies and their investors. Numis is listed on AIM,
and employs approximately 290 staff in London and New York.
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END
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