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A high-growth disruptor with a very low rating

Company has delivered eye-catching results prompting even more upgrades
March 27, 2023
  • 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.

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