EQS Group AG

  • WKN: 549416
  • ISIN: DE0005494165
  • Land: Deutschland

Nachricht vom 14.05.2021 | 08:00

EQS Group AG has an excellent start to 2021

DGAP-News: EQS Group AG / Key word(s): Quarter Results
14.05.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

EQS Group AG has an excellent start to 2021

Strong revenue growth and increase in number of new customers during the first quarter

- 158 new SaaS customers

- Revenue grows by 26 percent

- EBITDA of EUR 309 thousand on plan (previous year EUR 799 thousand)

- EBITDA of EUR 1.23 million, adjusted for higher marketing & sales expenses

- New annual recurring business volume amounts to EUR 1.44 million

- Integration of Got Ethics A/S already successfully completed

- Number of SaaS customers rises, including acquisitions, to 3,260

 

Munich - May 14, 2021

EQS Group AG (ISIN: DE0005494165) started dynamically to the new year. In the months of January to March, the Group generated sales revenue of EUR 10.55 million (previous year EUR 8.35 million). That means an increase of 26 percent compared with the same period in the previous year. The EBITDA declined as expected to EUR 309 thousand (previous year EUR 799 thousand). The consolidated net profit for the year stood at EUR -926 thousand. Earnings per share amounted accordingly to EUR -0.11.

A volume of EUR 1.44 million is calculated for the new ARR indicator, which quantifies the new contractually agreed annual volume of recurring business. The number of new SaaS customers is 158.

The Group's revenue growth in the first quarter is in line with expectations and characterised by a significant increase in the sale of Compliance Cloud products. The acquisitions of Got Ethics A/S and C2S2 GmbH contributed by EUR 728 thousand. Other growth impulses came from the ESEF regulation which was applied for the first time for the filing of financial reports of quoted companies.

Expenses for marketing and sales were gradually increased, as planned, in view of the implementation of the European Whistleblower Directive, in order to create the best possible starting position for customer acquisitions. This is leading to a temporary strain on earnings. Adjusted by these higher extra expenses, the Group's EBITDA amounted to EUR 1.23 million. The obligation for companies in the European Union to introduce an internal whistleblower channel until the end of 2021 offers a high growth potential for Compliance Cloud products.

Segment development

Revenue in the Compliance segment rose by 35 percent. In the Investor Relations segment, revenue went up by 17 percent.

The annual recurring revenue at Group level in the first quarter was 82 percent. For SaaS customers in Germany, the figure is 85 percent. This is based on a customer base of 1,297 customers.

Achim Weick, Founder and CEO of the EQS Group AG: "Our Group has started the new financial year very strongly. We were able to acquire more than 150 new SaaS customers and thus increased our SaaS customers to more than 3,200, together with the latest acquisitions of Got Ethics S/A and C2S2 GmbH. The integration of Got Ethics has already been completed successfully. We are very confident that we will be able to achieve a high market penetration with the establishment of whistleblower systems in Europe."

Prospects
Further growth in 2021 with higher marketing and sales expenditure related to the implementation of the EU Whistleblower Directive.

For the 2021 financial year, the Executive Board is planning an increase in revenue of 20 to 30 percent to between EUR 45 million and EUR 49 million. Investments in marketing and sales for the acquisition of new customers in relation to the implementation of the EU Whistleblower Directive will temporarily lead to a lower EBITDA in the range of EUR 1 million to EUR 2 million. we expect a volume of at least EUR 6 million for the new ARR performance indicator, which quantifies the newly concluded annual recurring business volume. In addition, 1,500 to 2,000 new customers are to be acquired, the majority of them for the whistleblower systems product area.

The Executive Board will be explaining the business results in today's video conference from 11.00 a.m. (CEST). Login is not necessary. It will be broadcast live online at https://www.webcast-eqs.com/eqs20210514. Questions can be asked using the Q&A feature (chat) beforehand or during the webcast.

Key figures (IFRS; in € mln.) 3M 2021 3M 2020 +/-
Revenues 10.549 8.350 +26%
Operating Expenses 11.166 8.086 +38%
EBITDA clean* 1.225 .799 +53%
EBITDA .309 .799 -61%
EBIT -.967 -.195 >-100%
Group Earnings** -.926 .656 >-100%
Operating Cash Flow .879 1.513 >-42%
Equity-Ratio (%) 55 50 -
 

* EBITDA adjusted for additional expenses into Marketing and Sales
** Prior-year figures partly adjusted. We refer to Point 2.4 Changes in the previous year's figures in the notes of the annual report 2020

More information:

The figures for Q1 2021 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 provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.

EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control of compliance workflows in the fields of whistleblower protection and case management, policy management, approval management, insider list management and disclosure obligations. In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications.

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

Contact:

André Marques

CFO

Tel.: +49 89-444430033

Mobile: +49 175-5250009

Email.: andre.marques@eqs.com



14.05.2021 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



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Cryptology Asset Group PLC: 120 % Kurspotenzial

GBC Research hat mit der Coverage der Cryptology Asset Group PLC (ISIN: MT0001770107) begonnen. Die Bewertung der führenden europäischen Investmentgesellschaft für Krypto-Assets und Blockchain-Unternehmen erfolgte mittels der Berechnung des Net Asset Value (NAV). Unter Berücksichtigung aller Beteiligungen ergibt sich zum 05. Juli 2021 eine GBC-Fair-NAV-Bewertung in Höhe von 1,04 Mrd. EUR. Daraus ergibt sich ein NAV je Cryptology-Aktie von 358,43 EUR. Daher empfiehlt GBC Research die Cryptology-Aktie zum Kauf und sieht ein Kurspotenzial von über 120 %.

News im Fokus

Infineon Technologies AG: POSITIVE ENTWICKLUNG VON ERGEBNIS UND FREE-CASH-FLOW. UMSATZWACHSTUM TROTZ SCHWIERIGER LIEFERSITUATION. STARKES SCHLUSSQUARTAL ERWARTET

03. August 2021, 07:30

Aktueller Webcast

HelloFresh SE

Q2 2020 Results Webcast

10. August 2021

Aktuelle Research-Studie

q.beyond AG

Original-Research: q.beyond AG (von Montega AG): Kaufen

03. August 2021