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EQS Group AG has an excellent start to 2021

DGAP-News: EQS Group AG / Key word(s): Quarter Results EQS Group AG has an excellent start to 2021 14.05.2021 / 08:00 The issuer is solely responsible for the content of this announcement. EQS Group AG has an excellent start to 2021 Strong revenue growth and increase in number of new customers during the first quarter

- 158 new SaaS customers

- Revenue grows by 26 percent

- EBITDA of EUR 309 thousand on plan (previous year EUR 799 thousand)

- EBITDA of EUR 1.23 million, adjusted for higher marketing & sales expenses

- New annual recurring business volume amounts to EUR 1.44 million

- Integration of Got Ethics A/S already successfully completed

- Number of SaaS customers rises, including acquisitions, to 3,260

 

Munich - May 14, 2021

EQS Group AG (ISIN: DE0005494165) started dynamically to the new year. In the months of January to March, the Group generated sales revenue of EUR 10.55 million (previous year EUR 8.35 million). That means an increase of 26 percent compared with the same period in the previous year. The EBITDA declined as expected to EUR 309 thousand (previous year EUR 799 thousand). The consolidated net profit for the year stood at EUR -926 thousand. Earnings per share amounted accordingly to EUR -0.11.

A volume of EUR 1.44 million is calculated for the new ARR indicator, which quantifies the new contractually agreed annual volume of recurring business. The number of new SaaS customers is 158.

The Group's revenue growth in the first quarter is in line with expectations and characterised by a significant increase in the sale of Compliance Cloud products. The acquisitions of Got Ethics A/S and C2S2 GmbH contributed by EUR 728 thousand. Other growth impulses came from the ESEF regulation which was applied for the first time for the filing of financial reports of quoted companies.

Expenses for marketing and sales were gradually increased, as planned, in view of the implementation of the European Whistleblower Directive, in order to create the best possible starting position for customer acquisitions. This is leading to a temporary strain on earnings. Adjusted by these higher extra expenses, the Group's EBITDA amounted to EUR 1.23 million. The obligation for companies in the European Union to introduce an internal whistleblower channel until the end of 2021 offers a high growth potential for Compliance Cloud products.