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EQS Group AG achieves record revenue in 2014 - Seite 2
segments had adverse effects on the news volume over the entire year, sales
volumes within the segment nevertheless experienced disproportionate growth
compared to news volume, rising by 6% to EUR5.974 million (EUR5.620). The
adjusted segment EBIT fell by 2% to EUR1.647, due mainly to investment in
geographic expansion, the continued development of EQS's COCKPIT and its
dissemination networks.
Sales revenue in the Products & Services segment remained unchanged at
EUR11.145 million (EUR11.146 million). However, the submission service of
the Federal Gazette (Bundesanzeiger) as well as the Websites & Platforms
segment experienced substantial growth. In contrast, revenue in media
business with issuers of medium-sized enterprise bonds slumped
significantly. Moreover, the de- and downlistings had a negative effect on
the segment's performance. Adjusted EBIT fell by 4% to EUR1.665 million
(EUR1.735 million).
Geographic expansion is progressing rapidly. The most important event over
the past year was the acquisition of the digital investor relations and
news provider TodayIR Holdings Limited (TodayIR). The organisation has
approximately 50 employees at its headquarters in Hong Kong and its
branches in Singapore, Taiwan and Shenzhen, representing the largest growth
in human capital in EQS Group AG company history. This acquisition propels
EQS Asia into a leading market position in Hong Kong, Asia's largest equity
market. Moreover, the takeover provides an ideal starting point to move
into the capital markets in Singapore and Taiwan which are also
experiencing strong growth. Yet it is the 'Shanghai-Hong Kong Stock
Connect' programme, with which China is opening its doors to international
investors that offers the greatest future potential for EQS in Asia.
Our launch of our development center in India further strengthens our Asian
business. EQS Web Technologies Pvt. Ltd. in Kochi will act mainly as a
provider of high quality development services for our locations in Asia.
EQS Group's other foreign companies also proved strong in 2014. The Russian
subsidiary benefited from its position as market leader and was able to
achieve double-digit growth despite a difficult environment and has not
been directly affected by the sanctions. EQS Switzerland also continues to
operate profitably, achieving further revenue growth last year.
Forecast: sustained growth in 2015
Within the framework of the International Growth Strategy, the Executive
the past year was the acquisition of the digital investor relations and
news provider TodayIR Holdings Limited (TodayIR). The organisation has
approximately 50 employees at its headquarters in Hong Kong and its
branches in Singapore, Taiwan and Shenzhen, representing the largest growth
in human capital in EQS Group AG company history. This acquisition propels
EQS Asia into a leading market position in Hong Kong, Asia's largest equity
market. Moreover, the takeover provides an ideal starting point to move
into the capital markets in Singapore and Taiwan which are also
experiencing strong growth. Yet it is the 'Shanghai-Hong Kong Stock
Connect' programme, with which China is opening its doors to international
investors that offers the greatest future potential for EQS in Asia.
Our launch of our development center in India further strengthens our Asian
business. EQS Web Technologies Pvt. Ltd. in Kochi will act mainly as a
provider of high quality development services for our locations in Asia.
EQS Group's other foreign companies also proved strong in 2014. The Russian
subsidiary benefited from its position as market leader and was able to
achieve double-digit growth despite a difficult environment and has not
been directly affected by the sanctions. EQS Switzerland also continues to
operate profitably, achieving further revenue growth last year.
Forecast: sustained growth in 2015
Within the framework of the International Growth Strategy, the Executive
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