DGAP-News: EQS Group AG gains momentum in Q3

2018. november 15., csütörtök, 08:00

DGAP-News: EQS Group AG / Key word(s): 9-month figures

EQS Group AG gains momentum in Q3

15.11.2018 / 08:00

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

EQS Group AG gains momentum in Q3

Sales growth accelerates - Guidance affirmed

Munich - 15 November 2018

EQS Group AG (ISIN: DE0005494165) has maintained its positive corporate development in the first nine months of 2018, generating strong sales momentum in Q3. Between July and September, the Group generated EUR8.77 million in revenues, a 25% gain over the same period the year prior. As expected, EBITDA decreased to -EUR622 thousand due to high investments. Consolidated net income totaled -EUR2.43 million. Earnings per share were -EUR1.70.

In the first nine months of 2018, the following pictures has emerged: sales totaled EUR25.90 million (+18%), EBITDA has decreased to -EUR672 thousand and consolidated net income was -EUR2.29 million. Earnings per share totalled -EUR1.59 (previous year: -EUR0.54).

The strategic expansion of the existing Investor Relations business area to include the adjacent Governance, Risk & Compliance (GRC) business area requires new segment reporting. There is now a distinction between the two markets of Investor Relations and Compliance.

Segment Performance

In the Investor Relations segment, the number of clients increased in Q3 by 45, up to a total of 2,022. Sales rose by 2% to EUR13.36 million (EUR13.12 million) in the first nine months of 2018. In the Compliance segment, sales were significantly higher, with a 41% increase in revenue, amounting to EUR12.54 million (EUR8.91 million). The number of Large Cap clients increased by 70, up to a total of 1,092, the number of XML clients grew to 270, for a total of 4,149, and LEI clients increased by 4,598, for a total of 19,803.

Product Development on course

EQS Group AG has implemented its September 2017 decision to expand its core business through the adjoining Governance, Risk & Compliance (GRC) business unit, and to exclusively develop cloud-based solutions. This move has been accompanied by an investment offensive to expand the Group into a technology company. As a result, earnings have been burdened temporarily. Approximately 70 specialists are currently working on completing the new COCKPIT, and product development is proceeding according to plan. Investment volume increased, in particular to facilitate recruiting and address additional required resources. The new COCKPIT is expected to be launched shortly.

Achim Weick, founder and CEO of EQS Group AG: "Our new COCKPIT will go live soon and will set new standards. Customer feedback from pre-marketing has been very positive. In addition, we are pleased with our sales momentum in the third quarter, and expect revenues to rise strongly in the final quarter, as well. "

Annually recurring revenues at the Group level in Q3 are 81%. For the Large Cap client group in Germany, this level is higher at 85%. These figures are based on a client base of 1,143 customers. The quarterly revenue per customer (QRPC) was EUR2,850.

Outlook: Guidance confirmed

For the 2018 financial year, the Executive Board expects a revenue increase at the lower end of the guidance, in the range of 19-24%, or between EUR36 - 37.6 million. Investments total approximately EUR3.8 million. The Management Board expects a positive EBITDA of up to EUR1 million.

The board will discuss business results beginning at 11:00 am (CET) on today"s conference call, which will be broadcasted live online at www.eqs.com.

Key figures (IFRS) 9M 2018 9M 2017 +/-
Revenues (in EUR mn) 25.898 22.029 18%
EBITDA (in EUR mn) -.672 1.940 >-100%
EBIT (in EUR mn) -2.375 .464 >-100%
Group Earnings (in EUR mn) -2.287 -.703 >100%
Earnings per Share (EUR) -1.59 -0.54 >-100%
Operating Cash Flow (in EUR mn) 2.533* -.126 >100%
Liquid Funds (in EUR mn) 1.286 .273 >100%
Employees (average of the reporting period) 439 350 25%


* Own costs capitalized considered in the Cash Flow from investment activities

More information:

The figures for 9M 2018 are unaudited.

Receive news from EQS Group AG free of charge on your mobile device: via DGAP News App directly to your AppleWatch or iPhone (http://newsapp.dgap.de/).

EQS Group is a leading international technology provider for Investor Relations, Corporate Communications, and Corporate Compliance. Several thousand companies worldwide use EQS Group"s offerings to fulfill complex national and international disclosure obligations, to minimize risk, and to reach stakeholders.

EQS Group is a digital single-source provider for global teams. EQS Group"s products and services include a global newswire, regulatory news distribution, investor targeting and contact management, and insider list management. These are integrated within a cloud-based platform, the EQS COCKPIT, to streamline the workflows of Investor Relations, Communications, and Compliance professionals. The Group also offers an innovative whistleblowing and case management software, website services, digital reports, and webcasting solutions.

EQS Group was founded in 2000 in Munich, Germany. Today, the group employs over 450 professionals around the globe and has offices in the world"s key financial markets.


André Marques


Tel.: +49 89-21029833

Mobile: +49 175-5250009

Email.: andre.marques@eqs.com

15.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: EQS Group AG

Karlstr. 47

80333 Munich

Phone: +49(0)89 210298-0
Fax: +49(0)89 210298-49
E-mail: info@eqs.com
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange

End of News DGAP News Service

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