04.04.2017
EQS Group AG DE0005494165
DGAP-News: EQS Group AG has significant jump in sales in 2016
DGAP-News: EQS Group AG / Key word(s): Final Results
EQS Group AG has significant jump in sales in 2016
04.04.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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Corporate News
EQS Group AG has significant jump in sales in 2016
High growth rates at home and abroad -- dividend remains constant
Munich - 04.04.2017
EQS Group AG (ISIN: DE0005494165) ended the 2016 financial year with a
significant jump in sales and achieved a new revenue record for the seventh
consecutive year. The Group achieved a 42% increase in sales, up to EUR26.06
million. EBIT before one-off acquisition costs, purchase price allocation
and scheduled depreciation of acquired customer bases (non-IFRS) rose by 10%
to EUR3.28 million. Adjusted net income for the year amounted to EUR1.44
million. Adjusted earnings per share were to EUR0.96.
For the period October - December, the Group generated sales of EUR8.04
million (+54%). Adjusted EBIT decreased by 7% to EUR1.31 million. The
adjusted group net profit amounted to EUR929,000 (+69%), resulting in an
adjusted earnings per share of EUR0.53 (+ 13%) for the fourth quarter of
2016.
The EQS Group AG Management and Supervisory Boards will propose a dividend
payment of EUR0.75 per share at the Annual General Meeting on May 17, 2017,
as they have in previous years.
Achim Weick, founder and CEO of EQS Group AG explains, "2016 was another
successful step on EQS Group's path to becoming the world's leading cloud
provider for digital investor relations. We are constantly focused on
producing cutting edge solutions for companies who are facing the challenges
that the three mega trends of digitization, regulation and globalization
pose. Our focus on these areas will drive us to grow profitably and create
lasting value for our shareholders for many years to come."
The new European Market Abuse Regulation that took effect in the second half
of the year significantly boosted sales in the domestic market. The new
regulation expands ad hoc obligations to a considerably larger group of
listed companies and mandates expanded, comprehensive insider regulations.
As a result, EQS developed the INSIDER MANAGER tool as a standard workflow
solution for complying with these increased mandatory ad hoc and insider
rules for investor relations departments in Germany. INSIDER MANAGER is now
in demand by companies throughout Europe.
EQS Group AG's majority takeover of ARIVA.DE AG in the second half of 2016
led to the subsidiary being consolidated into EQS financial statements for
the first time, thereby raising sales and EBIT. For its part, ARIVA.DE AG
contributes a high level of sales dynamics in regulatory services, due in
large part to the pan-European introduction of basic information sheets for
financial products in accordance with the PRIIP regulation.
In total, EQS Group AG saw a 38% increase in sales in Germany, up to
EUR20.38 million, of which EUR4.75 million accounted for consolidated sales
of ARIVA.DE AG.
EQS Group AG's strategic market position has improved significantly in 2016,
not least due to its accelerated international expansion. The Group is now
represented on all major capital markets with its own staffed offices. With
its entry into United States and its new subsidiary in the United Arab
Emirates (UAE), EQS Group AG has completed its expansion to all global
financial centers.
Foreign business accounted for 22% of overall sales in 2016, up from 20% the
previous year. All foreign subsidiaries contributed to this increase.
Revenues from foreign companies rose by 57% to EUR5.68 million. These
established offices achieved double-digit growth rates.
The Asian subgroup EQS Asia Ltd achieved an increase in sales of 18% to
EUR2.58 million in the 2016 financial year. Losses compared to the previous
year were significantly reduced. In Switzerland, revenues rose by 176% to
EUR2.15 million as a result of the acquisition of Tensid AG. Our Russian
subsidiary increased sales by 10% to EUR724,000 despite a market environment
which remains difficult.
EQS Group AG's expanding international networks are transforming the company
to new dimensions. Our successful growth strategy both at home and abroad is
firmly founded on investments in organization and processes as well as in
the development of new cloud products. Despite high sustained investment,
non-IFRS EBIT in Germany only decreased by 5%, amounting to EUR3.57 million.
Non-IFRS EBIT abroad improved significantly to EUR-289,000 (down from
EUR-786,000). Against the backdrop of faster expansion, these improvements
underscore the fact that EQS Group AG's foreign markets offer great
potential and that the company's products are being built into a
sustainable, highly profitable business.
Outlook: Further Growth in 2017
As result of its international growth strategy, the Executive Board of EQS
Group expects double-digit growth in sales in 2017 of between 20% and 25%,
up to between EUR31.2 million and EUR32.5 million. At the same time, further
expansion and expansion expenditures amounting to around EUR1 million will
be incurred for 2017, but adjusted EBIT is also expected to increase by 10%
to 20%, up to between EUR3.6 million and EUR3.9 million.
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) FY 2016 FY 2015 +/-
Revenues (in EUR mn) 26.06 18.38 +42%
Non-IFRS* EBIT (in EUR mn) 3.28 2.98 +10%
EBIT (in EUR mn) 2.66 2.36 +13%
Non-IFRS* Group Earnings (in EUR mn) 1.44 1.41 +3%
Group Earnings (in EUR mn) .81 1.13 -28%
Non-IFRS* Earnings per Share (EUR) .96 1.20 -20%
Earnings per Share (EUR) .43 .96 -55%
Operating Cash Flow (in EUR mn) 3.47 3.64 -5%
Liquid funds (in EUR mn) 6.61 3.61 +83%
Employees (average of the reporting period) 260 182 +43%
* Non-IFRS key figures before amortization of acquired customer bases,
purchase price allocation and acquisition expenses
More information:
The figures for 2016 are audited.
Receive news from EQS Group AG free of charge on your mobile device: via
DGAP News App directly to your AppleWatch or iPhone
(http://newsapp.dgap.de/).
About EQS Group
EQS Group is a leading international technology provider for Digital
Investor Relations. More than 8,000 companies worldwide trust EQS's products
and services to securely, efficiently, and simultaneously fulfil complex
national and international disclosure and compliance requirements to the
global investment community.
The heart of the technology is the EQS COCKPIT, a cloud-based IR workflow
platform, which digitally maps the work processes of IR Officers,
streamlining them for maximum efficiency. Special modules maintain IR
websites contents (CMS), contact data (CRM) and insider data as well as
access to global investor data and proprietary monitory and analytics
functions. The EQS COCKPIT platform is connected to the company's website in
order to guarantee integrated workflows.
The EQS COCKPIT also provides access to one of the most important financial
newswires, over which more than 20,000 financial and corporate releases are
distributed annually. In Germany, all DAX companies trust EQS Group's DGAP
service as the main institution to comply with legal and regulatory
submission and publication requirements.
As a digital single source provider, EQS Group also develops IR and
corporate websites and apps, creates digital financial and sustainability
reports, and performs corporate audio and video transmissions.
EQS Group was founded in Munich, Germany in 2000 and has developed from a
start-up into an international concern with offices in the world's key
financial markets. In addition, the group holds the majority interest in
ARIVA. DE AG and employs more than 300 professioals.
Contact:
André Marques
Head of Investor Relations
Tel.: +49 89-21029833
Mobile: +49 175-5250009
Email.: [email protected]
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04.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: EQS Group AG
Karlstr. 47
80333 Munich
Germany
Phone: +49(0)89 210298-0
Fax: +49(0)89 210298-49
E-mail: [email protected]
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich
(m:access), Stuttgart, Tradegate Exchange; Open Market
(Scale) in Frankfurt
End of News DGAP News Service
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