EQS Group AG / Key word(s): 9-month figures/Quarter Results
27.11.2015 08:30
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this
announcement.
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EQS Group AG: 3rd quarter characterized by the international expansion -
outlook confirmed
Munich - 27 November 2015
EQS Group AG (ISIN: DE0005494165) successfully continued its geographic
expansion into growth markets in the third quarter. As expected,
investments related to the market entry in Mainland China and the Middle
East, as well as a lagging domestic market lead to decreasing earning
figures.
In the months July to September, the group generated revenues on the level
of the same period of the previous year, amounting to EUR4.159 million.
EBIT before scheduled amortisation of the customer assets and before
acquisition costs (Non-IFRS) decreased by 62% to EUR.317 million. Adjusted
net income totalled EUR.100. Adjusted earnings per share amounted to
EUR.09.
The first nine months of 2015 showed the following results: revenues
amounted to EUR13.154 million while the adjusted EBIT (Non-IFRS) totalled
EUR1.568. The overall adjusted net income (Non-IFRS) amounted to EUR.857
and year-on-year adjusted earnings per share were at EUR.73.
It was possible to strengthen the leading market position in the
German-speaking countries. However, the slow IPO market in Germany, by
international comparison, did not contribute. The number of de- and
downlistings again exceeded the number of IPOs significantly. The media
business with issuers of SME bonds was not able to positively contribute,
in contrast to the strong quarter it recorded in the previous year.
The geographic expansion was continued consistently. In the strong growth
market Asia, EQS Group has achieved an excellent position in the main
capital markets Hong Kong, Singapore and Taiwan and thus created the ideal
starting position for the started market entry in Shanghai. Also very
promising was the start in Dubai. From here, further Middle East markets
will be developed.
Achim Weick, CEO of EQS Group AG: As planned, our expansion has led to
expenses relating to development and integration which will have an impact
on our profitability over the short term. We view this as being a major
opportunity for developing EQS Group into a global and highly profitable
technology provider for investor relations.
Outlook confirmed
The outlook for 2015 and 2016 remains unchanged. The EQS Group Management
Board expects continued revenue increases of between 10-15% to EUR18 -
EUR18.8 million for the current business year. We expect a decrease of
5-10% to EUR3 - EUR3.15 million in Non-IFRS EBIT due to higher
expenditures, particularly for expansion into China's markets. EQS Group
expect 2016 to see new records in revenue and adjusted EBIT.
Management will comment on results today beginning at 11:00 a.m. (CET) via
teleconference which will be streamed live online at www.eqs.com.
<pre>
Key Figures (IFRS) 9M 2015 9M 2014 Change
Revenues (EURmillion) 13.154 11.459 15%
Non-IFRS* EBIT (EURmillion) 1.568 1.977 -21%
EBIT (EURmillion) 1.301 1.571 -17%
Non-IFRS* Group Earnings (EURmillion) .857 1.111 -23%
Group Earnings (EURmillion) .717 .887 -19%
Operative Cash Flow (EURmillion) 3.153 2.341 35%
Liquid Funds (EURmillion) 2.993 1.370 >100%
Non-IFRS* Earnings per Share (EUR) .73 .94 -22%
Earnings per Share (EUR) .61 .75 -19%
Employees (Period Average) 178 143 24%
</pre>
<pre>
Key Figures (IFRS) Q3 2015 Q3 2014 +/-
Revenues (EURmillion) 4.159 4.151 0%
Non-IFRS* EBIT (EURmillion) .317 .833 -62%
EBIT (EURmillion) .224 .731 -69%
Non-IFRS* Group Earnings (EURmillion) .100 .556 -82%
Group Earnings (EURmillion) .060 .503 -88%
Non-IFRS* Earnings per Share (EUR) .09 .47 -82%
Earnings per Share (EUR) .05 .43 -88%
</pre>
* Non-IFRS performance indicators before amortisation on acquired customer
assets & acquisition costs
Further Comments:
Nine months 2015 figures are unaudited.
The complete quarterly report can be found and downloaded at www.eqs.com in
Investor Relations in an interactive version.
Receive EQS Group AG corporate news immediately and free of charge on your
mobile device or directly on your Apple Watch via the DGAP News App
(http://newsapp.dgap.de/).
About EQS Group
The EQS Group is a Munich-headquartered leading international provider of
digital corporate communications.
Since its founding in 2000, the EQS Group has grown to be a leading global
provider of digital solutions for investor relations and corporate
communications. Its solutions and services enable over 7,000 companies
worldwide to fulfill complex domestic and international corporate
information requirements securely, timely and efficiently.
EQS Investor Relations and EQS Corporate Communications disseminate
financial and corporate news, develop corporate websites and apps, produce
online financial as well as sustainability reports, and execute audio and
video broadcasts. EQS Financial Markets & Media and ARIVA.DE (25.44%) are
active in financial marketing, data and content delivery as well as the
development of financial portals. Through its DGAP service, the EQS Group
is the institution by which companies fulfill mandatory regulatory news
dissemination requirements.
The EQS Group is headquartered in Munich, with a further domestic office in
Hamburg. The international growth strategy has led to subsidiaries in
Zurich, Moscow, Hong Kong, Shenzhen, Singapore, Taipei, and Kochi. EQS
Group currently has over 190 employees.
27.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: info@eqs.com
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich
(m:access), Stuttgart; Open Market (Entry Standard) in
Frankfurt
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DGAP-News: EQS Group AG: 3rd quarter characterized by the international expansion - outlook confirmed
| Source: EQS Group AG