12.08.2022 EQS Group AG  DE0005494165

DGAP-News: EQS Group continues on growth trajectory in first half of 2022


 

DGAP-News: EQS Group AG / Key word(s): Half Year Results
EQS Group continues on growth trajectory in first half of 2022

12.08.2022 / 08:00
The issuer is solely responsible for the content of this announcement.


EQS Group continues on growth trajectory in first half of 2022

German government introduces act on whistleblower protection in Germany

 

  • Revenue grows by 33 percent to EUR 29.92 million
  • 456 new SaaS customers (previous year 367)
  • Number of SaaS customers rises to 4,591 (previous year 3,386)
  • New ARR at EUR 3.55 million (previous year EUR 4.25 million)
  • EBITDA of EUR 1.14 million on target (previous year EUR 1.33 million)
  • German government passes draft act on whistleblower protection in Germany

 

 

Munich – 12 August 2022

EQS Group AG (ISIN: DE0005494165) continues its growth trajectory in the first half of 2022. In the first six months, the Group generated sales revenue of EUR 29.92 million (previous year EUR 22.53 million). This results in an increase of 33 percent compared with the same period in the previous year. EBITDA declined to EUR 1.14 million (previous year EUR 1.33 million). Consolidated net income for the year stood at EUR -1.79 million. Earnings per share amounted accordingly to EUR -0.19.

For the new ARR indicator, which quantifies the new contractually agreed, annually recurring revenue, a volume of EUR 3.55 million is calculated (previous year EUR 4.25 million). The number of new SaaS customers is 456.

The picture for the second quarter is as follows: Revenues amounted to EUR 15.80 million (previous year EUR 11.98 million), EBITDA declined to EUR 891 thousand (previous year EUR 1.02 million), and consolidated net income was EUR -818 thousand. Earnings per share for the period from April to June were EUR -0.08 (previous year EUR -0.06).

Revenue growth in the first half of the year is within the guided range and characterised by the significant increase in sales of Compliance Cloud products and the acquisition of Business Keeper GmbH which contributed a revenue of EUR 5.23 million. However, delays in transposing the EU Whistleblower Directive to national law prevented a dynamic acquisition of new customers. So far, the act has only been introduced in six countries in the EU. In our most important market of Germany, the government has now adopted the draft act at the end of July and thus paved the way for its entry into force in the second half of the year.

Segment development

Revenue in the Compliance segment rose in the first half of 2022 by 60 percent. In the Investor Relations segment, revenue fell slightly by 2 percent. The annual recurring revenue at Group level had a ratio of 88 percent of total revenue.

 

Achim Weick, Founder and CEO of the EQS Group AG: “The time has come at last. After the implementation of the EU Directive, 300,000 European companies will be obliged to set up an internal whistleblowing channel. Many medium-sized companies are now addressing compliance issues for the first time. We have been preparing for this point in time for 5 years when we developed our first SaaS whistleblowing solution. We are highly confident that as the largest European provider, we will benefit disproportionately from the expected wave.”

Concretized outlook for 2022
Outlook confirmed, lower end of the planned range likely – depending on the timing when the act on whistleblower protection takes effect.

For the 2022 financial year, the Management Board is planning an increase in revenue of 30 to 40 percent to then EUR 65 million to EUR 70 million. Investments in sales and marketing for the acquisition of new customers in connection with the implementation of the EU Directive on the protection of whistleblowers will remain high. EBITDA is expected to be in the range of EUR 6 million to EUR 10 million. For the key figure new ARR, which quantifies the contractually new concluded annually recurring business volume, we expect a volume of least EUR 11 million to EUR 16 million. In addition, 2,500 to 3,500 new customers are to be acquired, the majority of them for the product area of whistleblower systems. We assume that the lower end of the planned range will be achieved due to the delays in the implementation of the EU Directive on the protection of whistleblowers in German law.

The Executive Board will outline the business results in today’s video conference from 11.00 a.m. (CEST). Login is not necessary. This will be broadcast live online at EQS HY1 2022. Questions can be asked using the Q&A feature (chat) beforehand or during the webcast.

 

Key figures (IFRS; in € mln.) HY1 2022 HY1 2021 +/-
Revenues 29.917 22.528 33%
Operating Expenses -30.156 -22.674 33%
EBITDA 1.143 1.326 -14%
EBIT -2.907 -1.246 >-100%
Group Earnings -1.789 -1.325 -35%
Operating cash flow 1.453 .423 >100%
Equity-Ratio (%) 62 38 -

 

 

More information:

The figures for HY1 2022 are unaudited.

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/).

 

EQS Group is a leading international cloud provider in the fields of corporate compliance, investor relations and sustainability reporting (ESG tech).

Working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex regulatory requirements in a reliable and secure manner, minimizing risks and communicating their business success and its impact on society and the climate transparently to stakeholders.

EQS Group’s products are pooled in the cloud-based software EQS COCKPIT. This platform ensures the professional handling of compliance workflows in the fields of whistleblower protection and case management, policy management, business approvals, third party management, insider list management and disclosure obligations.

Specific applications for sustainability reporting are available, including automated ESG data collection, management and filing in compliance with regulations.

In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications.

EQS Group was founded in 2000 in Munich, Germany. Today the group employs around 600 professionals and has offices in the world’s key financial markets.


 

Contact:

André Marques

CFO

Tel.: +49 89-444430033

Mobile: +49 175-5250009

Email.: [email protected]



12.08.2022 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: EQS Group AG
Karlstr. 47
80333 Munich
Germany
Phone: +49(0)89 444 430-000
Fax: +49(0)89 444 430-049
E-mail: [email protected]
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Indices: Scale
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1419143

 
End of News DGAP News Service

1419143  12.08.2022 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 26,06 30,36 36,21 35,37 37,64 50,22 68,00
EBITDA1,2 4,17 2,35 0,30 2,55 4,76 1,74 8,50
EBITDA-Marge3 16,00 7,74 0,83 7,21 12,65 3,47 12,50
EBIT1,4 2,66 0,35 -2,06 -3,18 0,16 -5,40 0,00
EBIT-Marge5 10,21 1,15 -5,69 -8,99 0,43 -10,75 0,00
Jahresüberschuss1 1,44 -0,57 0,81 -1,41 -0,83 -6,63 0,00
Netto-Marge6 5,53 -1,88 2,24 -3,99 -2,21 -13,20 0,00
Cashflow1,7 3,47 1,65 2,60 2,40 5,79 2,04 0,00
Ergebnis je Aktie8 0,09 -0,09 0,15 -0,18 -0,12 -0,81 -0,13
Dividende8 0,15 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
EQS Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549416 27,300 Kaufen 273,66
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
34,13 23,33 1,46 682,50
KBV KCV KUV EV/EBITDA
3,90 134,35 5,45 199,79
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 28.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2022 12.08.2022 11.11.2022 25.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,36% -16,14% -39,29% -35,53%
    
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