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EQS Group AG presents excellent figures for Q3 2014 - Christian Pfleger appointed to the board from 01.01.2015
EQS Group AG / Key word(s): 9-month figures/Change of Personnel
28.11.2014 08:30
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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EQS Group AG presents excellent figures for Q3 2014
Christian Pfleger appointed to the board from 01.01.2015
Munich - 28.11.2014
EQS Group AG (ISIN: DE0005494165) achieved a favorable result for the 3rd
quarter of 2014, continuing a strong trend from the same period last year.
For the period July - September 2014, group revenue was EUR 4.151 million,
representing a 8 percent increase to the third quarter of the previous
year. EBIT, according to IFRS remained almost steady at EUR .731 million.
EQS' Group's net profit was EUR .503 million, equaling EUR 0.43 earnings
per share.
The first nine month of 2014 resulted in revenues of EUR 11.459 million.
EBIT amounted to EUR 1.571 million and the group surplus was EUR .887
million. The profit per share was EUR 0.75.
Particulary worthy of mention is the 8 percent EBITA increase to EUR .864
million in the third quarter, although the cost of establishing EQS Asia
with headquarters in Hong Kong and the technology centre in India, as well
as legal, consultancy and integration costs associated with the acquisition
of TodayIR, resulted in expenditure totaling more than EUR .100 million in
Q3.
The integration of TodayIR is proceeding on schedule. The creation of sales
and marketing materials with the new 'EQS TodayIR' branding has been
completed, as has the transition to IFRS financial reporting. Work on the
IT infrastructure is expected to be completed in the fourth quarter. The
launch of the IR.COCKPIT for Asia is planned for the year 2015.
The media business involving issuers of SME bonds (Mittelstandsanleihen)
showed slight signs of recovery in the third quarter, although still
remaining far below the previous year. The IPO market in Germany, which is
comparatively weak from an international viewpoint, provided no support
either. The number of de-listings and down-listings once again surpassed
the number of new issuers, while the crisis in the Ukraine led to lower
growth rates for our subsidiary in Russia.
Achim Weick, EQS's Group AG's CEO stated: "We are very pleased with our
performance in the third quarter. The Group's result are all the more
impressive, considering the difficult capital market environment in
Christian Pfleger appointed to the board from 01.01.2015
Munich - 28.11.2014
EQS Group AG (ISIN: DE0005494165) achieved a favorable result for the 3rd
quarter of 2014, continuing a strong trend from the same period last year.
For the period July - September 2014, group revenue was EUR 4.151 million,
representing a 8 percent increase to the third quarter of the previous
year. EBIT, according to IFRS remained almost steady at EUR .731 million.
EQS' Group's net profit was EUR .503 million, equaling EUR 0.43 earnings
per share.
The first nine month of 2014 resulted in revenues of EUR 11.459 million.
EBIT amounted to EUR 1.571 million and the group surplus was EUR .887
million. The profit per share was EUR 0.75.
Particulary worthy of mention is the 8 percent EBITA increase to EUR .864
million in the third quarter, although the cost of establishing EQS Asia
with headquarters in Hong Kong and the technology centre in India, as well
as legal, consultancy and integration costs associated with the acquisition
of TodayIR, resulted in expenditure totaling more than EUR .100 million in
Q3.
The integration of TodayIR is proceeding on schedule. The creation of sales
and marketing materials with the new 'EQS TodayIR' branding has been
completed, as has the transition to IFRS financial reporting. Work on the
IT infrastructure is expected to be completed in the fourth quarter. The
launch of the IR.COCKPIT for Asia is planned for the year 2015.
The media business involving issuers of SME bonds (Mittelstandsanleihen)
showed slight signs of recovery in the third quarter, although still
remaining far below the previous year. The IPO market in Germany, which is
comparatively weak from an international viewpoint, provided no support
either. The number of de-listings and down-listings once again surpassed
the number of new issuers, while the crisis in the Ukraine led to lower
growth rates for our subsidiary in Russia.
Achim Weick, EQS's Group AG's CEO stated: "We are very pleased with our
performance in the third quarter. The Group's result are all the more
impressive, considering the difficult capital market environment in
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