TIDMEQLS

RNS Number : 5778O

Equals Group PLC

11 October 2021

 
   11 October 2021 
 

Equals Group plc

('Equals' or the 'Group')

Trading Update

Growth across the platform drives record revenues

Equals (AIM:EQLS) , the fintech payments group focused on the SME marketplace, is pleased to announce a trading update for the three months to 30 September 2021 ("Q3-2021" or the "Period").

The record start to Q3-2021 that the Company reported at the time of its Interim Results announcement issued on 14 September 2021 has been sustained throughout the remainder of the Period, generating revenues of GBP11.7m.

This marks a continued acceleration in Group trading and represents a 33% run-rate increase on the prior quarter (Q2-2021: GBP8.8m); a 62% increase on the prior year comparative period (Q3-2020 GBP7.2m); and a 47% increase on the pre-Covid comparative period (Q3-2019. GBP8.0m).

Revenue growth is broad based across all products augmented by the strong demand for the Group's 'Equals Solutions' proposition, the new multicurrency product aimed at larger businesses. This performance further underpins the Board's confidence in accelerating momentum and maintaining growth moving into the final quarter of the year.

- 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 Advisor 
  / Broker) 
 Emma Gabriel / Bobbie Hilliam / Georgina   Tel: +44 (0) 20 7523 
  McCooke                                                   8150 
  Alex Aylen (Sales) 
 Buchanan (Financial Communications) 
 Henry Harrison-Topham / Steph Whitmore     Tel: +44 (0) 20 7466 
  / Toto Berger                                             5000 
  equals@buchanan.uk.com                     www.buchanan.uk.com 
 

Notes to Editors:

Equals Group is a technology-led international payments group augmented by a highly personalised service for the payment needs of SMEs whether these be FX, card payments or via Faster Payments. Founded in 2007, the Group listed on AIM in 2014 and currently employs around 250 staff across sites in London and Chester. For more

information, please visit    www.equalsplc.com . 

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October 11, 2021 02:00 ET (06:00 GMT)

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