DGAP-News
EQS Group AG: 3rd quarter characterized by the international expansion - outlook confirmed
EQS Group AG / Key word(s): 9-month figures/Quarter Results
27.11.2015 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: 3rd quarter characterized by the international expansion -
outlook confirmed
Munich - 27 November 2015
EQS Group AG (ISIN: DE0005494165) successfully continued its geographic
expansion into growth markets in the third quarter. As expected,
investments related to the market entry in Mainland China and the Middle
East, as well as a lagging domestic market lead to decreasing earning
figures.
In the months July to September, the group generated revenues on the level
of the same period of the previous year, amounting to EUR4.159 million.
EBIT before scheduled amortisation of the customer assets and before
acquisition costs (Non-IFRS) decreased by 62% to EUR.317 million. Adjusted
net income totalled EUR.100. Adjusted earnings per share amounted to
EUR.09.
The first nine months of 2015 showed the following results: revenues
amounted to EUR13.154 million while the adjusted EBIT (Non-IFRS) totalled
EUR1.568. The overall adjusted net income (Non-IFRS) amounted to EUR.857
and year-on-year adjusted earnings per share were at EUR.73.
It was possible to strengthen the leading market position in the
German-speaking countries. However, the slow IPO market in Germany, by
international comparison, did not contribute. The number of de- and
downlistings again exceeded the number of IPOs significantly. The media
business with issuers of SME bonds was not able to positively contribute,
in contrast to the strong quarter it recorded in the previous year.
The geographic expansion was continued consistently. In the strong growth
market Asia, EQS Group has achieved an excellent position in the main
capital markets Hong Kong, Singapore and Taiwan and thus created the ideal
starting position for the started market entry in Shanghai. Also very
promising was the start in Dubai. From here, further Middle East markets
will be developed.
Achim Weick, CEO of EQS Group AG: As planned, our expansion has led to
expenses relating to development and integration which will have an impact
on our profitability over the short term. We view this as being a major
opportunity for developing EQS Group into a global and highly profitable
technology provider for investor relations.
Outlook confirmed
The outlook for 2015 and 2016 remains unchanged. The EQS Group Management
outlook confirmed
Munich - 27 November 2015
EQS Group AG (ISIN: DE0005494165) successfully continued its geographic
expansion into growth markets in the third quarter. As expected,
investments related to the market entry in Mainland China and the Middle
East, as well as a lagging domestic market lead to decreasing earning
figures.
In the months July to September, the group generated revenues on the level
of the same period of the previous year, amounting to EUR4.159 million.
EBIT before scheduled amortisation of the customer assets and before
acquisition costs (Non-IFRS) decreased by 62% to EUR.317 million. Adjusted
net income totalled EUR.100. Adjusted earnings per share amounted to
EUR.09.
The first nine months of 2015 showed the following results: revenues
amounted to EUR13.154 million while the adjusted EBIT (Non-IFRS) totalled
EUR1.568. The overall adjusted net income (Non-IFRS) amounted to EUR.857
and year-on-year adjusted earnings per share were at EUR.73.
It was possible to strengthen the leading market position in the
German-speaking countries. However, the slow IPO market in Germany, by
international comparison, did not contribute. The number of de- and
downlistings again exceeded the number of IPOs significantly. The media
business with issuers of SME bonds was not able to positively contribute,
in contrast to the strong quarter it recorded in the previous year.
The geographic expansion was continued consistently. In the strong growth
market Asia, EQS Group has achieved an excellent position in the main
capital markets Hong Kong, Singapore and Taiwan and thus created the ideal
starting position for the started market entry in Shanghai. Also very
promising was the start in Dubai. From here, further Middle East markets
will be developed.
Achim Weick, CEO of EQS Group AG: As planned, our expansion has led to
expenses relating to development and integration which will have an impact
on our profitability over the short term. We view this as being a major
opportunity for developing EQS Group into a global and highly profitable
technology provider for investor relations.
Outlook confirmed
The outlook for 2015 and 2016 remains unchanged. The EQS Group Management
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