EQS Group Adjusts 2023 EBITDA Forecast Downward Due to Unique Transaction Expenses

• EQS Group AG has lowered its EBITDA guidance for the financial year 2023 due to one-off transaction costs.
• The one-off transaction costs are a result of a takeover offer by Pineapple German Bidco GmbH.
• The takeover offer, launched on December 4, 2023, was for the acquisition of EQS Group AG's no-par value registered shares at a cash consideration of EUR 40.00 per share.
• The takeover offer was settled on February 2, 2024.
• The one-off transaction costs are expected to be in the single-digit million Euro amount.
• The company now expects an EBITDA for the full financial year 2023 in the range of EUR 1.5m and EUR 2.5m, down from the previously expected range of EUR 9m to EUR 11m.

The price of EQS Group at the time of the news was 39,50EUR and was down -1,13 % compared with the previous day.
2 minutes after the article was published, the price was 39,90EUR this corresponds to a plus of +1,01 % since publication.

EQS Group

-1,00 %

-0,25 %

-1,73 %

-0,25 %

+82,95 %

+28,06 %

+191,91 %

+572,43 %

+1.193,16 %

ISIN:DE0005494165WKN:549416

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