- 2022 results ahead of previously upgraded expectations
- Double-digit earnings upgrades for 2023
- Strategic acquisitions announced alongside results
Aim-traded fintech payments group Equals (EQLS:88.5p), a leading challenger brand in banking and payments, has delivered annual results ahead of market estimates and an eye-catching first-quarter trading update that prompted analysts to upgrade their earnings estimates yet again.
Buoyed by 33 per cent revenue growth in international payments (accounting for half of total revenue), and a standout performance from the large enterprises solutions business (more than trebled revenue to £15.6mn to account for 23 per cent of total revenue, up from 12 per cent in 2021), group revenue surged by 58 per cent to £69.7mn. In turn, average revenue per day jumped from £174,300 to £278,700.