Equals Group PLC Trading Update (5205I)
05 Dezembro 2022 - 4:00AM
UK Regulatory
TIDMEQLS
RNS Number : 5205I
Equals Group PLC
05 December 2022
For immediate release 5 December 2022
Equals Group plc
('Equals' or the 'Group')
Trading Update
'61% increase in revenue year to date and continued investment
in growth strategy'
Equals Group plc (AIM:EQLS), the fast-growing payments group
focused on the SME marketplace, is pleased to provide a trading
update for the 11 months ended 30 November 2022 (the 'Period').
Revenues for the Period were GBP63.5 million, an increase of 61%
over revenues of GBP39.5 million achieved in the same period in
2021. Revenue per day increased to GBP0.27 million per day from 230
working days compared to GBP0.17 million per day in 2021.
1 Jan - 1 Jan - % change*
30 Nov 2021 30 Nov 2022
Revenue streams GBP'm GBP'm
Solutions 3.5 13.9 +297%
Other revenue 36.0 49.6 +38%
------------- ------------- ---------
Total 39.5 63.5 +61%
------------- ------------- ---------
Working Days 232 230
Revenue per working
day 0.170 0.276 +62%
*based on underlying, not rounded, data. There were two
additional public holidays in 2022.
Revenue growth remains robust despite unfavorable global
macro-economic conditions.
Alongside the strong revenue performance, Equals continues to
invest into its connectivity, technology and product development
whilst concurrently strengthening resources in sales, marketing,
and compliance to underpin the continued growth of the
business.
Based on the above, the Board expects the Group's full year
results to be ahead of current market expectations.
Ian Strafford-Taylor, Chief Executive Officer, said: "We are
extremely pleased to see a 61% increase in our revenues in the 11
months ended 30 November with all segments performing strongly. Our
revenue growth has continued in the face of difficult macro
environments and this augurs well for 2023 and beyond. We continue
to invest in people, products and technology to drive our growth
strategy and look forward to updating the market in early January
with our full year trading statement."
This announcement contains inside information.
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
Richard Cooper, CFO 9308
www.equalsplc.com
Canaccord Genuity (Nominated Adviser
/ Broker)
Max Hartley / Harry Rees Tel: +44 (0) 20 7523
8150
Buchanan (Financial Communications)
Henry Harrison-Topham / Steph Whitmore Tel: +44 (0) 20 7466
/ Toto Berger 5000
equals@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
Equals Group is a technology-led international payments group
augmented by highly personalised service for the payment needs of
SME's whether these be FX, card payments or via Faster Payments.
Founded in 2007, the Group listed on AIM in 2014 and currently
employs around 285 staff across sites in London and Chester. For
more information, please visit www.equalsplc.com .
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END
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