DGAP-News: EQS Group AG with 19 percent revenue increase in 2018

DGAP-News: EQS Group AG / Key word(s): Annual Results

EQS Group AG with 19 percent revenue increase in 2018

09.04.2019 / 08:00

The issuer is solely responsible for the content of this announcement.

EQS Group AG with 19 percent revenue increase in 2018

Guidance fulfilled - new COCKPIT successfully launched


Munich - 09.04.2019

EQS Group AG (ISIN: DE0005494165) has finished the 2018 business year with a significant revenue increase and achieved new record figures in revenue for the ninth time in succession. The Group achieved a 19 percent increase to EUR36.21 million. The EBITDA fell to EUR301k (previous year: EUR2.35 million) due to the high level of investment activity. The guidance dated 16.08.2019 was fulfilled. The net profit amounted to EUR811k. The earnings per share amounted to EUR.75.

The group achieved revenue of EUR10.31 million (+24%) in the October to December period. The EBITDA increased by 137% to EUR973k. The consolidated annual net profit amounted to EUR3.10 million (EUR129k). Resulting in an earnings per share of EUR2.23 (EUR.09) for the fourth quarter of 2018.


Segment development

In the compliance segment, sales increased significantly by 46% to EUR18.50 million (EUR12.69 million) in the fourth quarter. The number of Large Cap customers increased by 50 to 1,142, as well as by 154 to 4,303 customers for the XML filing services and by 9,963 to 29,766 for the LEI issuing service. At EUR17.71 million, sales in the investor relations segment remained at the previous year's level (EUR17.66 million), while the number of customers increased by 16 to a total of 2,038.

In September 2017, EQS Group AG made the pivotal decision to expand its core business to the adjacent Governance, Risk & Compliance (GRC) business sector and to exclusively develop cloud-based solutions for this purpose. This move was marked by an investment offensive to expand the Group into a technology company. As a result, earnings have been temporarily burdened. Product development is proceeding according to plan. The first version of the new COCKPIT was successfully launched in the fourth quarter of 2018.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2022    »