Equals Group PLC AGM Statement (4773Z)
May 16 2023 - 2:00AM
UK Regulatory
TIDMEQLS
RNS Number : 4773Z
Equals Group PLC
16 May 2023
For immediate release 16 May 2023
Equals Group plc
('Equals' or the 'Company')
AGM Statement
Equals (AIM:EQLS), a leading fintech payments group focused on
the SME marketplace, announces that at its Annual General Meeting
('AGM') to be held at 2:30pm (BST) today, Alan Hughes, Chairman,
will make the following statement:
" We are delighted to continue to report significant revenue
growth. Total revenue in the 90 working days to 15 May 2023 was
GBP32.7 million, an increase of 47%(*) on the same period in 2022.
Expressed as revenue per day, revenue in 2023 was GBP363k per day
against GBP248k in 2022.
"The investment in the Group's platform and Solutions product
has been extremely successful and revenues over the same period
from Solutions have risen by 102%(*) to GBP8.8 million (2022:
GBP4.3 million).
"Gross profit margins have also increased to above 50%, which is
three full percentage points higher than in the same period in
2022.
"We look forward to updating investors further when we issue our
pre-close trading update in the first week of July and anticipate
releasing our interim results in the week commencing 11 September
2023.
"Based on the above, the Board remains confident in achieving
expectations for the full year ending 31 December 2023."
(*) Based on underlying, not rounded, figures.
- Ends -
For more information, please contact:
Equals Group plc
Ian Strafford-Taylor, CEO Tel: +44 (0) 20 7778
Richard Cooper, CFO 9308
www.equalsplc.com
Canaccord Genuity (Nominated Adviser &
Joint Broker)
Max Hartley / Harry Rees Tel: +44 (0) 20 7523
8150
Peel Hunt LLP (Joint Broker)
Paul Shackleton / John Welch Tel: +44 (0) 20 7418
8900
Buchanan (Financial Communications)
Henry Harrison-Topham / Toto Berger Tel: +44 (0) 20 7466
equals@buchanan.uk.com 5000
www.buchanan.uk.com
Notes to Editors:
Equals Group is a technology-led international payments group
augmented by highly personalised service for the payment needs of
SME's whether these be FX, card payments or via Faster Payments.
Founded in 2007, the Group listed on AIM in 2014. For more
information, please visit www.equalsplc.com .
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END
AGMAAMFTMTTBBRJ
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