EQS Group (EQS)

Business description

EQS Group is a leading technology provider for digital IR, corporate communications and compliance, with more than 8,000 clients worldwide using its products and services to securely, efficiently and simultaneously fulfil complex national and international information obligations to the global investment community.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 18.4 3.5 3.1 120.1 53.3 16.0
2016A 26.1 4.2 2.4 96.1 66.7 15.9
2017E 32.3 3.6 1.2 42.6 150.4 26.2
2018E 36.3 4.5 1.9 71.0 90.2 20.7

Last updated on 08/12/2017

Latest research

Investing to build

Update | Media | 16/11/2017

Accelerated investment

Update | Media | 16/10/2017

Extra quality services

Outlook | Media | 22/08/2017

Scale Update - Top-line growth offset by higher investment

Update | Media | 15/08/2017

Q1 regulatory stimulus

Update | Media | 23/05/2017

Scale Initiation - Digital investor relations

Initiation | Media | 25/04/2017

Investor relations toolkit

Update | Media | 07/04/2017

Growth stimulus from regulatory changes

Update | Media | 16/11/2016

Global ambitions

Outlook | Media | 08/09/2016

Ariva acquisition well timed

Update | Media | 20/06/2016

Pushing the international growth plan

Update | Media | 02/06/2016

Investing in expansion

Update | Media | 21/04/2016


EQS Group

Umsatzwachstum durch höhere Investitionen zunichtegemacht

EQS Group

Digital Investor Relations


Investment summary

EQS flagged in September that it was accelerating investment to grasp the market opportunity prompted by further regulation. Q3 figures showed the impact of the additional cost, with year-to-date EBITDA of €1.9m (prior year: €2.5m). Our forecasts are unchanged on confirmed guidance. The newer cloud-based products are scalable and should build recurring revenues, with market interest to date very encouraging. The service range continues to broaden out, particularly in corporate governance and compliance, while the geographic reach is also extending. The valuation remains in line with global peers, reflecting EQS’s strong growth potential.

Last updated on 13/12/2017

Industry outlook

Gartner estimates that the governance, risk and compliance segment is worth over $5bn, growing at a CAGR of over 13%, making it an attractive proposition. 2018 will see a number of tightened requirements for corporate compliance and disclosure, including the EU PRIIP regulations for Key Information Documents, the updated German corporate compliance code and the SAPIN II anti-corruption regulation in France, as well as MiFID II. All of these increase corporate administrative loads and carry heavy penalties for non-compliance, providing a positive backdrop for sales of EQS’s cloud-based digital workflow solutions.

Last updated on 13/12/2017

Key management

Achim Weick, CEO
André Marques, CFO

Company address

Karlstr. 47
+49 (89) 210 298 0
View website