DGAP-Adhoc: EQS Group AG increases forecast for FY 2020
DGAP-Ad-hoc: EQS Group AG / Key word(s): Change in Forecast EQS Group AG increases forecast for FY 2020 Munich - 4 August 2020 EQS Group AG (ISIN: DE0005494165) raises its FY 2020 forecast as a result of better than expected EBITDA development during the first half year of 2020. According to preliminary figures, revenue has increased on an adjusted basis by 21 percent to € 18.5 million and EBITDA has increased to € 3.0 million (previous year € 150,000). One of the main reasons for this jump in earnings has been discipline around costs as a preventative measure during the COVID-19 pandemic, particularly in the areas of personnel and marketing. While the growth related to COCKPIT applications was as expected, there was an increase in demand for our digital IR services which led to stronger revenue growth than previously forecast. Adjustment to the FY 2020 forecast The 2020 half-year report will be published on 14th August 2020 at 8.00am (CEST). The executive board will explain the business results on 14th August 2020 at 11.00am (CEST) during a video webcast which will be held in English. This will be broadcast live online at www.eqs.com. More information: 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, 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 over 350 professionals and has offices in the world's key financial markets. Contact: André Marques CFO Tel.: +49 89-21029833 Mobile: +49 175-5250009 Email.: [email protected]
04-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1109253 |
End of Announcement | DGAP News Service |
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1109253 04-Aug-2020 CET/CEST