Published on: July 1, 2021
Record results in an extraordinary year
Investment in growth bears fruit
finnCap has delivered FY 2021 revenue in line with guidance and adjusted EBITDA 3% ahead of our twice-upgraded number. This financial year just reported was dominated throughout by the pandemic. Initially, it saw swift action by the management team to contain costs and conserve cash. Subsequently, the Group delivered a performance which far surpassed expectations this time last year, positioning it with a strong balance sheet heading into FY 2022E. The 1.5p dividend is well ahead of our 1.0p estimate and the Board has committed to declare aggregate dividends of at least 1.6p for the current financial year, in which trading has started well. We see finnCap as well positioned to take advantage of organic and acquisitive growth opportunities.