Published on: March 10, 2022
Impressive trading update in a tough market
finnCap Group PLC has released a very encouraging and impressive trading update, ahead of its full-year results announcement in July 2022. Revenue (unaudited) for the financial year to 31 March 2022 will exceed the top end of its £45-50m guidance range. This demonstrates a strong performance in challenging markets where capital market transactions have been delayed or cancelled. We now forecast full-year revenue of £51m, a 5% uplift from our previous forecast of £48.5m. Management commented that with further potential deals to close, the group is set to deliver record revenue for FY22. finnCap is seeing the real benefits of diversifying its products and customer base.