Earnings release
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Numis Corporation Plc ( " Numis " ) Trading Update 30 September 2021 Thursday , 30 September 2021 at 7.00am : Numis Corporation Plc ( " Numis " ) is today issuing a trading update in respect of the year ending 30 September 2021 . Numis maintained its positive momentum and delivered a strong performance in the final quarter of the financial year . Whilst there was an anticipated pause in IPO activity and more subdued markets in general over the summer period , this was offset by the completion of a number of significant M & A transactions involving Numis in a lead advisory capacity . Revenue for the second half will exceed the level achieved in the second half of FY20 which featured a significant volume of COVID related capital markets transactions . Full year revenue is expected to be in the region of £ 215m ( FY20 : £ 154.9m ) , with the benefit of operational gearing leading to profits significantly higher than the prior year ( FY20 PBT : £ 37.1m ) . Investment Banking revenues have grown significantly and will be in excess of £ 150m for the year ( FY20 : £ 101.7m ) . Alongside market share gains in our core UK capital markets business , we have seen material revenue contributions from M & A and private markets transactions . In addition we are increasingly able to leverage our UK track record and reputation in new markets . As a result , in the past year we have acted on a number of capital markets transactions , both public and private , for non UK issuers , most notably in the digital consumer and fintech sectors . During the second half we continued to selectively invest in talent , to both increase the capacity of the Investment Banking platform and broaden our capabilities . Equities delivered a strong second half performance , although lower than the exceptional performance achieved in the first half . Given the favourable market backdrop we increased the capital allocated to our trading books and delivered good , and consistent , trading profits throughout year . Institutional income is ahead of the prior year underpinned by resilient research payments , market share gains and good activity levels in UK equities . Our pipeline remains very strong , and the wider market outlook for Numis is positive . We expect to launch a number of IPOs in the coming weeks , the capital raising environment is active across both public and private markets , and UK M & A is likely to remain at elevated levels as we emerge from the pandemic . Our strategy to build a more diversified , yet agile , investment banking business has contributed to an excellent year for Numis . We have recently completed the move to our new headquarters at 45 Gresham Street and we look forward to continuing on our strategic path supported by our exceptional colleagues . This announcement contains inside information for the purposes of Article 7 of Regulation ( EU ) No 596/2014