Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

 110.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 131.50
  • 52 Week Low: 96.20
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 0
  • Market Cap: £207.33m
  • RiskGrade: 292

Equals Group FY results seen ahead of current market expectations

By Iain Gilbert

Date: Monday 05 Dec 2022

LONDON (ShareCast) - (Sharecast News) - IT service management company Equals Group said on Monday that its full-year results were now on track to come in ahead of current market expectations.
Equals Group said revenues for the 11 months ended 30 November were £63.5m, an increase of 61% year-on-year, with revenues per day increasing to £270,000, compared to £170,000 in 2021.

The AIM-listed group, which stated that revenue growth had remained "robust" despite "unfavourable" global macroeconomic conditions, also highlighted that alongside the "strong revenue performance", it had continued to invest in its connectivity, technology, and product development whilst concurrently strengthening resources in sales, marketing, and compliance to underpin the continued growth of the business.

Chief executive Ian Strafford-Taylor 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."

As of 1030 GMT, Equals shares were up 2.50% at 95.84p.





Reporting by Iain Gilbert at Sharecast.com

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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 0.000p
% Change 0.00 %
52 Week High 131.50
52 Week Low 96.20
Volume 0
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 --2024

Time Volume / Share Price
0 @ 0.000p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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