Earnings release
Page 1
Numis Corporation Plc ( " Numis " ) Trading Update 14 July 2021 Numis is today issuing a trading update in respect of the three - month period ended 30 June 2021 . We delivered a strong Q3 performance with revenue in excess of £ 50m . Whilst slightly lower than the H1 run rate , this represented an improved performance on the comparative quarter in FY20 which featured much of the COVID related deal activity . Investment Banking and Equities are continuing to benefit from the investment made in enhancing the quality of our client base and talent pool , as well as the growth initiatives we have undertaken . All products across our Investment Banking offering are performing well as a result of our strategy to diversify the business by product and geography . Overall , year to date deal volumes and average deal fees are materially ahead of the comparative period . Whilst we have seen a strong contribution from IPOs in the quarter , M & A advisory and Growth Capital Solutions for private companies continue to deliver strong momentum . We believe these areas in particular offer significant opportunity to expand and improve the quality of our deal flow . Whilst early in its development , we believe there is also a clear opportunity to expand our Equity Capital Markets offering outside the UK . The Equities business delivered yet another robust revenue performance , consistent with recent quarters . Market volumes and activity levels declined slightly relative to the very strong second quarter , however we have continued to gain market share in UK equities and we benefited from another positive trading book performance . Whilst we expect deal volumes to reduce over the summer in line with the typical seasonal trend , the pipeline for the remainder of the year , and into next , remains very strong . During the quarter we have recruited additional investment banking talent , predominantly at the mid - ranking levels , and we will continue to add further headcount over the next few months to support our ambitions . This investment in talent is consistent with our strategy to develop the capabilities of our Investment Banking team and provide further capacity to support longer term growth . Following the very strong trading over the first nine months , we look forward to reporting a record performance for the full year . This announcement contains inside information for the purposes of Article 7 of Regulation ( EU ) No 596/2014 Contacts : Numis Corporation : Noreen Biddle - Shah , Head of Corporate Communications Brunswick : 020 7260 1441