DGAP-News
EQS Group AG continues its course of growth in the first half of 2016
DGAP-News: EQS Group AG / Key word(s): Half Year Results
EQS Group AG continues its course of growth in the first half of 2016
26.08.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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EQS Group AG continues its course of growth in the first half of 2016
26.08.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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EQS Group AG continues its course of growth in the first half of 2016
Foreign subsidiaries increase revenue by more than 50%
Positive outlook confirmed
Munich - August 26, 2016
The EQS Group AG (ISIN: DE0005494165) continues its course of growth in the
first half of 2016. The group achieved sales revenues of EUR10.337 million.
This is equivalent to an increase of 15% in comparison with the same period
last year. In line with expectations, the EBIT before scheduled
amortisations on acquired customer bases and before acquisition costs (non-
IFRS) fell due to the global expansion by 25% to EUR.942 million. Adjusted
Group earnings totalled EUR.321 million with adjusted earnings per share at
EUR.27.
This results in the following picture for the second quarter: revenue
amounts to EUR5.721 million (+19%), the adjusted EBIT has increased by 1%
to EUR.779 million, and the adjusted Group earnings amounts to EUR.392
million (+1%). From April to June, the adjusted earnings per share were
EUR.36 (previous year EUR.33).
At the end of the first half of the year, the share of revenue accounted
for by foreign business totalled 28% and increased again clearly in
comparison with the same period in the previous year (22%). All of the
foreign subsidiaries contributed to this development. The revenues of the
foreign companies increased by 52% to EUR2.944 million. The domestic
business developed just as pleasingly. While the impact of the changed
regulation of voting rights notifications and quarterly reports arising
from the EU Transparency Directive led to lower revenue in the first
quarter, the successful acquisitions in the course of the EU Market Abuse
Regulation yielded their first revenues in June. The newly introduced
INSIDER MANAGER and the stronger media business resulted in a 5% increase
in revenue, to EUR7.394 million, in comparison with the same period in the
previous year.
Achim Weick, founder and CEO of the EQS Group AG: "The dynamic development
of our revenue abroad with double-digit rates of growth has encouraged us
to push ahead with our global expansion. At the same time, we are also
using opportunities to develop our domestic business. The best example of
this is our newly developed INSIDER MANAGER, which supports our customers
in complying with the wide range of regulations governing insider trading
Foreign subsidiaries increase revenue by more than 50%
Positive outlook confirmed
Munich - August 26, 2016
The EQS Group AG (ISIN: DE0005494165) continues its course of growth in the
first half of 2016. The group achieved sales revenues of EUR10.337 million.
This is equivalent to an increase of 15% in comparison with the same period
last year. In line with expectations, the EBIT before scheduled
amortisations on acquired customer bases and before acquisition costs (non-
IFRS) fell due to the global expansion by 25% to EUR.942 million. Adjusted
Group earnings totalled EUR.321 million with adjusted earnings per share at
EUR.27.
This results in the following picture for the second quarter: revenue
amounts to EUR5.721 million (+19%), the adjusted EBIT has increased by 1%
to EUR.779 million, and the adjusted Group earnings amounts to EUR.392
million (+1%). From April to June, the adjusted earnings per share were
EUR.36 (previous year EUR.33).
At the end of the first half of the year, the share of revenue accounted
for by foreign business totalled 28% and increased again clearly in
comparison with the same period in the previous year (22%). All of the
foreign subsidiaries contributed to this development. The revenues of the
foreign companies increased by 52% to EUR2.944 million. The domestic
business developed just as pleasingly. While the impact of the changed
regulation of voting rights notifications and quarterly reports arising
from the EU Transparency Directive led to lower revenue in the first
quarter, the successful acquisitions in the course of the EU Market Abuse
Regulation yielded their first revenues in June. The newly introduced
INSIDER MANAGER and the stronger media business resulted in a 5% increase
in revenue, to EUR7.394 million, in comparison with the same period in the
previous year.
Achim Weick, founder and CEO of the EQS Group AG: "The dynamic development
of our revenue abroad with double-digit rates of growth has encouraged us
to push ahead with our global expansion. At the same time, we are also
using opportunities to develop our domestic business. The best example of
this is our newly developed INSIDER MANAGER, which supports our customers
in complying with the wide range of regulations governing insider trading
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