DGAP-News

EQS Group successfully starts 2017 fiscal year

DGAP-News: EQS Group AG / Key word(s): Quarter Results EQS Group successfully starts 2017 fiscal year 17.05.2017 / 08:00 The issuer is solely responsible for the content of this announcement. Corporate News

EQS Group successfully starts 2017 fiscal year

Revenues up 49% in the first quarter

Munich - May 17, 2017

EQS Group AG (ISIN: DE0005494165) has entered the 2017 fiscal year with significant sales growth. The Group generated revenues of EUR 6.90 million from January to March, a 49% increase over the same period of the previous year. EBIT before one-off acquisition costs, purchase price allocation, and scheduled amortization of the acquired customer bases (non-IFRS) doubled to EUR 331 thousand. Adjusted Group net profit amounted to EUR -26 thousand. Adjusted earnings per share amounted to EUR -0.02.


The significant increase in revenues is mainly attributable to a rise in sales in Germany, particularly the consolidated sales revenues of the majority stake in ARIVA.DE AG. The revenue increased in the run-up to the PRIIP Regulation, which mandates basic information sheets for financial products. Sales revenues were up by more than 40% over the previous year.

EQS Group AG also achieved organic double-digit growth in Germany. The decisive factor in this increase was the European Market Abuse Regulation taking effect, the resulting expansion of comprehensive insider rules, as well as stricter ad-hoc obligations for a considerably larger group of issuers. The introduction of the INSIDER MANAGER cloud software has been a great success.

In total, EQS Group AG increased sales 68% to EUR 5.19 million in Germany, of which EUR 1.68 million stemmed from consolidated sales of ARIVA.DE AG.

Achim Weick, founder and CEO of EQS Group AG: "The intensification of financial market regulations in Europe opens up new opportunities for growth in Germany and abroad and leads to a significant jump in sales in our home market as a result of the broadened customer base. Our cloud products such as INSIDER MANAGER can also be implemented quickly in other European markets, an ideal springboard for new customer acquisition."