Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. EQS Group AG
  6. News
  7. Summary
    EQS   DE0005494165


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

EQS : on a strong growth path in HY1 2021

08/13/2021 | 02:01am EDT

DGAP-News: EQS Group AG / Key word(s): Half Year Results
EQS Group AG on a strong growth path in HY1 2021

13.08.2021 / 08:00
The issuer is solely responsible for the content of this announcement.

EQS Group AG on a strong growth path in HY1 2021
Integration of Business Keeper GmbH underway

- 367 new SaaS customers

- Revenue grows by 22 percent

- EBITDA of EUR 1.33 million fully on target (previous year: EUR 3 million)

- EBITDA of EUR 3.26 million adjusted by higher sales and marketing expenditure

- New annual recurring business volume amounts to EUR 4.25 million

- SaaS customer base increases to 3,386 including Got Ethics A/S and C2S2 GmbH

- Acquisition of Business Keeper GmbH already successfully completed in July


Munich - August 13, 2021

EQS Group AG (ISIN: DE0005494165) continues its growth trajectory at the half year 2021 and is on track to achieve the increased forecast for the full year. In the first six months, the Group generated revenues of EUR 22.53 million (previous year: EUR 18.45 million). That means an increase of 22 percent compared with the same period in the previous year. EBITDA declined as expected to EUR 1.33 million (previous year: EUR 3 million). Consolidated net income for the year stood at EUR -1.32 million. The earnings per share amounted accordingly to EUR -0.17.

For the new ARR indicator, which quantifies the new contractually agreed annually recurring business volume, a volume of EUR 4.25 million is calculated (previous year: EUR 2.94 million). The number of new SaaS customers is 367.

The picture for the second quarter is as follows: Revenues amounted to EUR 11.98 million (previous year: EUR 10.10 million), EBITDA declined to EUR 1.02 million (previous year: EUR 2.2 million), and consolidated net income was EUR -399k. Earnings per share for the period from April to June were EUR -0.06 (previous year: EUR 0.05).

The Group's revenue growth in the first half is in line with expectations and characterised by a significant increase in the sale of compliance cloud products. The acquisitions of Got Ethics A/S and C2S2 GmbH made a contribution of EUR 1.42 million. Further growth momentum was provided by the ESEF regulation which was applied for the first time for the filing of financial reports by listed companies.

Expenses for sales and marketing were gradually increased, as planned, in view of the implementation of the European Whistleblower Directive, in order to create the best possible starting position for customer acquisitions. This is leading to a temporary strain on earnings. Adjusted by these extra expenses, the Group's EBITDA amounted to EUR 3.26 million. The obligation for companies in the European Union to introduce an internal whistleblower channel by the end of 2021 offers high growth potential for compliance cloud products.

Segment development

Revenue in the Compliance segment rose in the first half of 2021 by 33 percent. In the Investor Relations segment, revenue went up by 10 percent. The annual recurring revenue at Group level in the second quarter was 83%.

Acquisition of Business Keeper GmbH

With the acquisition of Business Keeper GmbH, EGS Group AG advanced to become the leading European cloud provider for whistleblowing systems. The purchase agreement was signed in June and the transaction was successfully concluded in July. Since then, integration teams have been working on the perfect setup for the entire group in order to best exploit the potential for compliance cloud products.

Achim Weick, Founder and CEO of the EQS Group AG: "We have started the integration of Business Keeper with a great deal of passion and urgency and are developing the European market leader for whistleblowing systems in the cloud. It is true solidarity that allows us to look to the future with a great deal of confidence, even in the first few weeks after the successful conclusion of the transaction. We are therefore very optimistic that we will achieve the targets we have set ourselves for the second half of the year and the years to come."

Forecast for the 2021 financial year

For the financial year 2021, the Management Board is planning an increase in sales of 30 to 40 percent to then EUR 49 million to EUR 53 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 be reallocated together with Business Keeper GmbH. EBITDA is expected to be in the range of EUR 2 million to EUR 3 million (previously EUR 1 million to EUR 2 million). For the key figure new ARR, which quantifies the contractually newly concluded annually recurring business volume, we expect a volume of at least EUR 9 million. In addition, 1,750 to 2,250 new customers are to be acquired, the majority of them for the product area of whistleblowing systems.

The Executive Board will be explaining the business results in a video conference from 11.00 a.m. (CEST). Login is not necessary. It will be broadcast live online at https://www.webcast-eqs.com/eqs20210813. Questions can be asked using the Q&A feature (chat) beforehand or during the webcast.

Key figures (IFRS; in ? mln.) HY1 2021 HY1 2020 +/-
Revenues 22.528 18.454 +22%
Operating Expenses 22.940 16.710 +37%
EBITDA clean* 3.257 2.996 +9%
EBITDA 1.326 2.996 -56%
EBIT -1.246 1.004 >-100%
Group Earnings** -1.325 1.028 >-100%
Operating Cash Flow*** .423 4.231 -90%
Equity-Ratio (%) 56 52 -

* EBITDA adjusted for additional expenses into Marketing and Sales
** Prior-year figures partly adjusted. We refer to Point 2.4 Changes in the previous year's figures in the notes of the annual report 2020
*** For a better comparison, net interest is reported in Cash flow from financing activities. The prior-year figures have been adjusted accordingly

More information:

The figures for HY1 2021 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 provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.

EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control 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. 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 more than 550 professionals and has offices in the world's key financial markets.


André Marques


Tel.: +49 89-444430033

Mobile: +49 175-5250009

Email.: andre.marques@eqs.com

13.08.2021 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
Phone: +49(0)89 444 430-000
Fax: +49(0)89 444 430-049
E-mail: info@eqs.com
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: 1226191

End of News DGAP News Service

1226191  13.08.2021 


© EQS 2021
All news about EQS GROUP AG
10/12EQS GROUP AG : Repurchase of own shares finished due to closed period
10/12PRESS RELEASE : EQS Group AG: Repurchase of own shares finished due to closed period
10/11ECEC 2021 : Over 5000 participants at Europe's largest compliance conference
10/11EQS Group AG's Equity Buyback announced on September 21, 2021, has expired.
10/07WHISTLEBLOWING REPORT 2021 : Only one in seven German companies meets all EU Whistleblowin..
10/06EQS : ECEC-Award 2021
09/30EQS : Countdown to Europe's largest compliance conference begins - over 4,000 participants..
09/23EQS GROUP AG : Political VIPs at the ECEC 2021: Theo Waigel and Michel Sapin to speak at E..
09/21PRESS RELEASE : EQS Group AG: Implementation of the announced share repurchase offer of up..
09/21EQS Group AG announces an Equity Buyback for 12,000 shares, for €0.5 million.
More news
Analyst Recommendations on EQS GROUP AG
More recommendations
Sales 2021 51,3 M 59,5 M 59,5 M
Net income 2021 -3,48 M -4,03 M -4,03 M
Net Debt 2021 71,4 M 82,8 M 82,8 M
P/E ratio 2021 -94,0x
Yield 2021 -
Capitalization 325 M 377 M 377 M
EV / Sales 2021 7,72x
EV / Sales 2022 5,45x
Nbr of Employees 550
Free-Float 28,1%
Duration : Period :
EQS Group AG Technical Analysis Chart | EQS | DE0005494165 | MarketScreener
Technical analysis trends EQS GROUP AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 39,00 €
Average target price 48,81 €
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Achim Weick Chief Executive Officer
André Silvério Marques Chief Financial Officer
Robert Wirth Chairman-Supervisory Board
Christian Pfleger Chief Operating Officer
Rony Vogel Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EQS GROUP AG44.12%379
ACCENTURE PLC29.80%214 612
SNOWFLAKE INC.18.02%99 935