Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

113.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 131.50p
  • 52 Week Low: 96.20p
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 387,018
  • Market Cap: £212.96m
  • RiskGrade: 292

Equals Group ends year in line with market expectations

By Josh White

Date: Tuesday 16 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Fintech payments specialist Equals Group said in a trading update on Tuesday that its unaudited figures for 2023 showed full-year revenue of £95.5m, representing a substantial 37% increase compared to the prior financial year.
The AIM-traded firm said its robust revenue performance was accompanied by ongoing growth in adjusted EBITDA.

It said the strong trading performance also translated into a healthy financial position for Equals Group.

As of 31 December, it had around £18.3m in cash reserves, along with an additional £2.3m in cash-in-transit, which was received on 4 January.

Notably, during 2023, Equals disbursed £7m related to acquisitions, earn-outs, and a maiden dividend.

Equals Group's board anticipated that the financial results for 2023 would align with current market expectations.

"We have delivered a strong financial performance in 2023 as the group continues to benefit from its strategy of investment into technology and connectivity," said chief executive officer Ian Strafford-Taylor.

"Whilst the strategic review announced on 1 November remains ongoing, we will continue with our plans in 2024 and look forward with confidence in our proposition, our teams, our technology and, ultimately, our sustained growth prospects."

Equals Group said it would report its final results for the year ended 31 December in the week of 15 April, when it would also provide an update on trading in the first quarter of 2024.

At 1213 GMT, shares in Equals Group were down 3.75% at 115.5p.

Reporting by Josh White for 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 113.50p
Change Today -2.00p
% Change -1.73 %
52 Week High 131.50p
52 Week Low 96.20p
Volume 387,018
Shares Issued 187.63m
Market Cap £212.96m
RiskGrade 292

Equals Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.82% below the market average77.82% below the market average77.82% below the market average77.82% below the market average77.82% below the market average
80.18% below the sector average80.18% below the sector average80.18% below the sector average80.18% below the sector average80.18% below the sector average
Price Trend
24.82% above the market average24.82% above the market average24.82% above the market average24.82% above the market average24.82% above the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Income
13.60% above the market average13.60% above the market average13.60% above the market average13.60% above the market average13.60% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Growth
99.26% above the market average99.26% above the market average99.26% above the market average99.26% above the market average99.26% above the market average
98.08% above the sector average98.08% above the sector average98.08% above the sector average98.08% above the sector average98.08% 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 12-Jul-2024

Time Volume / Share Price
17:09 25,500 @ 113.50p
16:35 870 @ 113.50p
16:35 870 @ 113.50p
16:35 19,065 @ 113.50p
16:35 2,901 @ 113.50p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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