Aquis, one of many UK’s smaller options to the London Inventory Change’s Goal, has mentioned it expects to surpass market expectations on its 2020 annual efficiency.
The trade group, previously often known as NEX, mentioned it “anticipates reporting revenues of a minimum of £11m, marginally forward of market expectations” for the 12 months to 31 December.
In a 26 February replace, it added that it additionally expects to ship a full-year revenue each earlier than and after tax, once more forward of market expectations.
The trade is now cut up throughout buying and selling venues in London and Paris to handle the necessities of EU-listed shares. It has additionally benefitted from the UK’s equivalence settlement with Switzerland, with 130 Swiss-listed corporations now on the trade together with Novartis, Roche and Nestlé.
The UK’s burgeoning community of smaller exchanges weathered the toll of the nation’s post-Brexit regulatory panorama and the coronavirus pandemic in 2020, as help for LSE’s Goal has continued to flag lately.
“We have now lengthy been well-prepared for Brexit-related modifications and are happy to report the profitable and seamless continuation of our operations within the UK and the switch of our European buying and selling enterprise to the Paris workplace,” mentioned Aquis chief government Alasdair Haynes.
The group mentioned income development in 2020 was pushed partly by robust information and know-how gross sales, excessive buying and selling volumes and licensing contract renewals.
Aquis has already gained a lift this 12 months with the promise of e-commerce agency Samarkand’s £50m IPO on the trade, which introduced its intention to drift on 8 February. Aquis mentioned the itemizing will “[demonstrate] our capacity to compete with different UK exchanges within the IPO market”.
“Regardless of the continued pandemic-related restrictions seen throughout our markets, we proceed to attain substantial operational progress and have crushed market expectations,” Haynes added.
“Wanting ahead to 2021, we stay assured in our capacity to execute towards our development technique.”
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