DGAP-News
EQS Group AG develops high growth dynamics in third quarter
DGAP-News: EQS Group AG / Key word(s): 9-month figures
EQS Group AG develops high growth dynamics in third quarter
15.11.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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EQS Group AG develops high growth dynamics in third quarter
15.11.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- Significant increases at home and abroad
- First-time consolidation of ARIVA.DE AG
EQS Group AG (ISIN: DE0005494165) recorded significant growth in domestic
and foreign markets in the third quarter of 2016, thereby underpinning its
continuing growth trend. The Group generated revenues of EUR7.681 million
from July to September, representing an increase of 85% over the previous
year. EBIT before depreciation on the acquired customer bases, purchase
price allocation and before acquisition costs (non-IFRS) rose to EUR1.028
million (previous year EUR317,000) and adjusted Group profit amounted to
EUR160,000 (+60%). Adjusted earnings per share amounted to EUR0.13.
The first nine months produced revenues of EUR18.018 million (+37%), EBIT
(non-IFRS) rose by 26% to EUR1.970 million, Group net profit (non-IFRS) was
EUR514,000 (-40%). Earnings per share (non-IFRS) is EUR0.43 (previous year
EUR0.73).
Following EQS Group AG's majority takeover of ARIVA.DE AG, the subsidiary
contributed high earnings and EBIT after being consolidated into the Group
financial statements in the third quarter for the first time. For its part,
ARIVA.DE AG is developing a high level of sales dynamics in the area of
regulatory services, due in large part to the introduction of Europe-wide
key information documents for financial products in accordance with the
PRIIP regulation.
The European Market Abuse Ordinance's taking effect insured further
significant sales momentum in EQS Group AG's domestic business. The new
regulation expands Ad-hoc-obligations to a considerably larger group of
issuers as well as imposing comprehensive insider regulations. EQS Group
also established its INSIDER MANAGER as a standard workflow solution for
investor relations departments in Germany and is experiencing increasing
demand in other European countries, as well.
EQS Group AG's foreign business continued to grow in the third quarter,
rising revenues by 57% to EUR4.365 million in the first nine months over
the previous year. All EQS subsidiaries contributed to the Group's growth
in foreign markets. As expected, the Swiss company achieved the highest
growth rates following the takeover of Tensid AG, with double-digit revenue
growth in Asia, as well. Profitability also rose. While losses in Asia fell
- First-time consolidation of ARIVA.DE AG
EQS Group AG (ISIN: DE0005494165) recorded significant growth in domestic
and foreign markets in the third quarter of 2016, thereby underpinning its
continuing growth trend. The Group generated revenues of EUR7.681 million
from July to September, representing an increase of 85% over the previous
year. EBIT before depreciation on the acquired customer bases, purchase
price allocation and before acquisition costs (non-IFRS) rose to EUR1.028
million (previous year EUR317,000) and adjusted Group profit amounted to
EUR160,000 (+60%). Adjusted earnings per share amounted to EUR0.13.
The first nine months produced revenues of EUR18.018 million (+37%), EBIT
(non-IFRS) rose by 26% to EUR1.970 million, Group net profit (non-IFRS) was
EUR514,000 (-40%). Earnings per share (non-IFRS) is EUR0.43 (previous year
EUR0.73).
Following EQS Group AG's majority takeover of ARIVA.DE AG, the subsidiary
contributed high earnings and EBIT after being consolidated into the Group
financial statements in the third quarter for the first time. For its part,
ARIVA.DE AG is developing a high level of sales dynamics in the area of
regulatory services, due in large part to the introduction of Europe-wide
key information documents for financial products in accordance with the
PRIIP regulation.
The European Market Abuse Ordinance's taking effect insured further
significant sales momentum in EQS Group AG's domestic business. The new
regulation expands Ad-hoc-obligations to a considerably larger group of
issuers as well as imposing comprehensive insider regulations. EQS Group
also established its INSIDER MANAGER as a standard workflow solution for
investor relations departments in Germany and is experiencing increasing
demand in other European countries, as well.
EQS Group AG's foreign business continued to grow in the third quarter,
rising revenues by 57% to EUR4.365 million in the first nine months over
the previous year. All EQS subsidiaries contributed to the Group's growth
in foreign markets. As expected, the Swiss company achieved the highest
growth rates following the takeover of Tensid AG, with double-digit revenue
growth in Asia, as well. Profitability also rose. While losses in Asia fell
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