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EQS Group (EQS)

Business description

EQS Group is a leading technology provider for digital IR, corporate communications and compliance. It has over 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.

Investment summary

Q3 figures were consistent with the previous indications during this year of peak investment in the €9m programme to build a global regulatory tech platform business. FY18e guidance, however, has been tightened to the lower end of the range and we have reined in our FY19e and FY20e revenue and EBITDA forecasts. FY20e still shows a strong increase in return on sales, with EBITDA margin rising to 12%. EQS is building an attractive recurring revenue base (81% of total sales in Q318). It has its eyes firmly on the prize of being an integral part of companies’ corporate compliance and investor relations functions across the globe.

Last updated on 29/11/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2016A 26.1 4.2 2.4 96.1 72.3 21.6
2017A 30.4 2.3 0.8 16.4 423.8 49.2
2018E 36.0 0.5 (0.1) (92.7) N/A 118.3
2019E 42.0 2.1 0.1 3.9 1782.1 39.8

Last updated on 23/11/2018

Latest research

Continuing investment

Update | Media | 20/11/2018

Transition year

QuickView | Media | 19/11/2018

Transition year

Update | Media | 24/08/2018

Transition year

Outlook | Media | 24/08/2018

Investment on plan

Update | Media | 24/05/2018

Scale Update - Grasping the greater opportunity

Update | Media | 17/04/2018

Grasping the bigger opportunity

Update | Media | 17/04/2018

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

AKTUELLE VERÖFFENTLICHUNGEN

EQS Group

Übergangsjahr

24/08/2018
EQS Group

Nutzung der besseren Chance

17/04/2018
EQS Group

Umsatzwachstum durch höhere Investitionen zunichtegemacht

15/08/2017
EQS Group

Digital Investor Relations

25/04/2017

Latest video

Executive interview – EQS Group

Industry outlook

Gartner estimates the governance, risk and compliance segment at over US$5bn, growing at a CAGR of over 13%. 2018 sees a number of tightened corporate compliance and disclosure requirements, including EU PRIIP regulations for Key Information Documents, an updated German corporate compliance code and the French SAPIN II anti-corruption regulation, as well as MiFID II. These all increase corporate administrative loads and carry heavy penalties for non-compliance, providing a positive backdrop for sales.

Last updated on 29/11/2018

Key management

Achim Weick, CEO
André Marques, CFO

Company address

Karlstr. 47
München
D-80333
Germany
+49 (89) 210 298 0
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