REG - Aquis Exchange PLC - Trading Update and Notice of Results

Aquis ExchangeAnnouncement

25/01/2024 07:00

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RNS Number : 8236A  Aquis Exchange PLC  25 January 2024

25 January 2024

 

Aquis Exchange PLC

("Aquis", the "Company" or the "Group")

 

Trading Update

and

Notice of Results

Aquis Exchange PLC (AQX.L), a creator and facilitator of next-generation
financial markets, provides an unaudited trading update for the year ended 31
December 2023 ("FY23").

Aquis is pleased to confirm that it expects to report performance for FY23 in
line with Board expectations.

Expected Group financial highlights:

-      Net revenue up 12% to £22.6m (FY22 £20.1m)

-      Profit before tax up 16% to £5.2m (FY22 £4.5m)

-      Cash and cash equivalents at 31 December 2023 up 4% to £14.8m (31
December 2022: £14.2m)

Expected net revenue split by division:

                       FY23 (£m)   FY22 (£m)
 Markets               11.0        10.3        +7%
 Technologies          6.2         5.2         +19%
 Data                  3.7         3.0         +23%
 Aquis Stock Exchange  1.7         1.6         +6%
                       22.6        20.1        +12%

 

Business highlights:

-      Aquis Markets increased market share following change to
proprietary trading rule in November 2023. The overall pan-European market
share for December 2023 was 4.97%, up from 4.76% in November and 4.58% in
October 2023. The January 2024 average to date is 5.21%.

-      Aquis Technologies was awarded two new technology contracts in
2023, including one for a central bank. In addition, an existing contract
moved from design and consultancy to exchange delivery stage. The division now
has nine contracts, seven of which have recognised revenue.

-      Aquis Data increased revenue by over 20% from the sale of Aquis
Markets and Aquis Stock Exchange data to non-Member market participants. We
continue to expect significant benefit from the advent of EU and UK
consolidated tapes.

-      Aquis Stock Exchange admitted 16 new companies in 2023 - the most
of any growth exchange in the UK for the second year running.

 

 

Alasdair Haynes, CEO, Aquis Exchange PLC said:

"In a year marked by uncertainty and difficult market conditions, I am really
pleased to report another year of double-digit revenue growth for Aquis
Exchange, alongside many successful strategic developments for the Group for
which we expect to see the benefits in both near and long term. We are well
positioned for the future and look forward to delivering throughout 2024 and
beyond."

The Group expects to announce its audited results for FY23 on 21 March 2024.

-ends-

 

Enquiries:

 

 Aquis Exchange PLC                                          Tel: +44 (0)20 3597 6321
 Alasdair Haynes, CEO
 Richard Fisher, CFO                                         Tel: +44 (0)20 3597 6329

 Adele Gilbert, Head of Marketing & Investor Relations

 Investec Bank plc (Nominated Adviser and Broker)            Tel: +44 (0)20 7597 4000
 David Anderson
 Bruce Garrow
 Lydia Zychowska

 St John Hunter

 Canaccord Genuity Limited (Joint Broker)                    Tel: +44 (0) 20 7523 8000

 Emma Gabriel

 George Grainger

 VSA Capital Limited (AQSE Corporate Adviser)                Tel: +44(0)20 3005 5000

 Andrew Raca

 Alma Strategic Communications (Financial PR Adviser)        Tel: +44 (0)20 3405 0209
 Josh Royston                                                aquis@almastrategic.com

 Rebecca Sanders-Hewett
 Kieran Breheny

 

 

Notes to editors:

About Aquis Exchange PLC

Aquis Exchange PLC ("Aquis") is a creator and facilitator of next-generation
financial markets, through the provision of accessible, simple and efficient
stock exchanges, trading venues and technology.

Aquis consists of four divisions:

Aquis Markets (https://www.youtube.com/watch?v=cQWgKDukf6Y&t=21s) operates
lit and dark order books, covering 16 European markets. For its lit books,
Aquis uses a subscription pricing model which works by charging users
according to the message traffic they generate, rather than a percentage of
the value of each stock that they trade.

Aquis Technologies (https://www.youtube.com/watch?v=ztBmdLRrNYI) is the
software and technology division of Aquis. It focuses on building better
markets via the creation and licensing of cutting-edge, cost-effective
exchange infrastructure technology and services, including matching engine and
trade surveillance solutions.

Aquis Data (https://www.youtube.com/watch?v=rVdYS1ILwsQ&t=17s) generates
revenue from the sale of data derived from Aquis Markets and Aquis Stock
Exchange to non-Member market participants.

Aquis Stock Exchange (https://www.youtube.com/watch?v=9Wb-peKCH9A&t=45s)
(AQSE) is a stock market providing primary and secondary markets for equity
and debt products. It is authorised as a Recognised Investment Exchange, which
allows it to operate a regulated listings venue. The AQSE Growth Market is
divided into two segments 'Access' and 'Apex'; the Access market focuses on
earlier stage growth companies, while Apex is the intended market for larger,
more established businesses.

Aquis is authorised and regulated by the UK Financial Conduct Authority and
France's Autorité de contrôle prudentiel et de résolution and L'Autorité
des marchés financiers to operate Multilateral Trading Facility businesses in
the UK & Switzerland markets and in EU27 markets respectively. Aquis
Exchange PLC is quoted on the Aquis Stock Exchange and on the AIM Market (AIM)
of the LSE. For more information, please go to www.aquis.eu
(http://www.aquis.eu/) .

 

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