29 Mar 2018 07:00
EMBARGOED FOR RELEASE
29th March 2018 at 7.00 am
Numis Corporation Plc
Trading Update
Thursday 29th March 2018 at 7.00am: Numis Corporation Plc ("Numis") is today issuing a trading update in respect of the six months ending 31st 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 2578Harrison 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.