DGAP-News
EQS Group successfully starts 2017 fiscal year - Seite 2
Foreign business continued to grow in the first quarter of 2017. Sales revenues increased by 12% to EUR 1.71 million. The share of foreign sales in Group sales declined from one-third to 25% as a result of the first-time consolidation of ARIVA.DE AG.
The Swiss subsidiary posted double-digit sales growth in the first three months of the 2017 financial year, up to EUR 733 thousand (EUR 663 thousand in the previous year). The Asian business achieved an operating profit (non-IFRS) for the first time with virtually unchanged revenue (EUR 617 thousand). The largest percentage of sales growth was achieved by the subsidiaries in the UK (34% growth to EUR 114 thousand) and Russia (31% growth to EUR 212 thousand). The Russian subsidiary achieved a double-digit EBIT margin in the first quarter.
Unchanged outlook
As result of EQS Group's international growth strategy, the Executive Board of EQS Group expects double-digit revenue growth in 2017, between 20% and 25%, amounting to EUR 31.2 million - EUR 32.5
million. Adjusted EBIT is expected to increase by 10% to 20%, amounting to EUR 3.6 million - EUR 3.9 million.
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Management will present the results at 11:00 am (CET) in today's telephone conference, broadcasted live online at www.eqs.com.
Key figures (IFRS) | Q1 2017 | Q1 2016 | +/- |
Revenues (in EUR mn) | 6.896 | 4.617 | 49% |
Non-IFRS* EBIT (in EUR mn) | 331 | 163 | >100% |
EBIT (in EUR mn) | 156 | 38 | >100% |
Non-IFRS* Group Earnings (in EUR mn) | -26 | -126** | -79% |
Group Earnings (in EUR mn) | -107 | -214** | -50% |
Non-IFRS* Earnings per Share (EUR) | -0.02 | -0.11** | -82% |
Earnings per Share (EUR) | -0.08 | -0.18** | -56% |
Operating Cash Flow (in EUR mn) | 160 | 229** | -30% |
Liquid Funds (in EUR mn) | 5.463 | 6.610 | -17% |
Employees (average of the reporting period) | 334 | 211 | 58% |