Following its positive AGM trading update on 23 September, finnCap has delivered its promised update on revenue for the six months to the end of September 2021. With a further four M&A deals closing between those two dates, H1 2022E revenue is £31.8m, up 55% on the prior year comparator of £20.5m. The Group has raised the lower end of its guidance range for full year revenue by £5m to between £45m and £50m. The most striking performance in H1 is that of finnCap Cavendish which has reported revenue of £16.2m in the half year compared to £4.2m in H1 2021 in a vibrant M&A market. Risks to our upgraded numbers remain firmly on the upside.
04 Oct 2021
Very strong first half revenue confirmed
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Very strong first half revenue confirmed
Cavendish Financial PLC (CAV:LON) | 11.5 0 2.2% | Mkt Cap: 44.2m
- Published:
04 Oct 2021 -
Author:
Ian Poulter -
Pages:
3
Following its positive AGM trading update on 23 September, finnCap has delivered its promised update on revenue for the six months to the end of September 2021. With a further four M&A deals closing between those two dates, H1 2022E revenue is £31.8m, up 55% on the prior year comparator of £20.5m. The Group has raised the lower end of its guidance range for full year revenue by £5m to between £45m and £50m. The most striking performance in H1 is that of finnCap Cavendish which has reported revenue of £16.2m in the half year compared to £4.2m in H1 2021 in a vibrant M&A market. Risks to our upgraded numbers remain firmly on the upside.