Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

110.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 131.50
  • 52 Week Low: 96.20
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 333,964
  • Market Cap: 207.33m
  • RiskGrade: 292

Equals Group FY revenue and EBITDA to significantly exceeded expectations

By Iain Gilbert

Date: Wednesday 08 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Fintech payments group Equals said on Wednesday that full-year revenue and underlying earnings had both significantly exceeded expectations.

Equals stated year-to-date group revenue was £40.4m, an increase of 51% year-on-year, while group revenue for the nine weeks ended 6 December was £11.6m, more than double the £5.7m brought in over the same period last year.

Underlying revenues rose 45% over the year-to-date, largely driven by strong demand for the company's Equals Solutions proposition.

The AIM-listed group highlighted that the "strong performance" in revenues had also underpinned increased gross profits and EBITDA, leading it to now exceed full-year profitability forecasts.

"This robust trading performance of the group further underpins the board's confidence in accelerating momentum and maintaining growth moving into the final days of 2021 and into FY-2022," said Equals.

"In order to drive further growth the group continues to re-invest and upgrade the sales functions of the business and this will be reflected in higher staff costs in 2022."

As of 1030 GMT, Equals shares had shot up 13.89% to 71.75p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Equals Group Market Data

Currency UK Pounds
Share Price 110.50p
Change Today 1.50p
% Change 1.38 %
52 Week High 131.50
52 Week Low 96.20
Volume 333,964
Shares Issued 187.63m
Market Cap 207.33m
RiskGrade 292

Equals Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.73% below the market average76.73% below the market average76.73% below the market average76.73% below the market average76.73% below the market average
80.36% below the sector average80.36% below the sector average80.36% below the sector average80.36% below the sector average80.36% below the sector average
Price Trend
17.25% above the market average17.25% above the market average17.25% above the market average17.25% above the market average17.25% above the market average
8.62% above the sector average8.62% above the sector average8.62% above the sector average8.62% above the sector average8.62% above the sector average
Income
13.56% above the market average13.56% above the market average13.56% above the market average13.56% above the market average13.56% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
99.11% above the market average99.11% above the market average99.11% above the market average99.11% above the market average99.11% above the market average
98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average98.10% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equals Group Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 16-Nov-23
Paid 28-Jun-24 07-Dec-23
Amount 1.00p 0.50p

Trades for 18-Jul-2024

Time Volume / Share Price
16:03 407 @ 111.00p
15:52 1,400 @ 109.26p
13:11 15,000 @ 111.00p
15:07 25,000 @ 110.00p
15:06 10,000 @ 109.57p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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