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STATEMENT: EQS Group obtains revenue of 15,944 million euros in the first quarter of 2023

Madrid, May 25, 2023.

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STATEMENT: EQS Group obtains revenue of 15,944 million euros in the first quarter of 2023

Madrid, May 25, 2023.

These results mean an increase of 15% more than last year. The obligation for companies to have a whistleblowing channel has led to an increase of 271 SaaS clients in the first quarter of 2023. EBITDA reached 1,359 million euros in the first quarter of 2023, that is, 1033% more than in the same period of the previous year. The forecasts for 2023 by the company are very positive, estimating an increase in revenue between 15% and 20%.

EQS Group, the market leader in digital compliance systems in Europe, has announced the financial results for the first quarter of 2023 with total revenues of 15,944 million euros, which represents a growth of 15% compared to the same period of the previous year. .The strong financial performance of EQS Group is largely due to the growing demand for its digital compliance products, as well as the demand generated by the entry into force of the Informant Protection Law in Spain in March 2023. And is that, with this new Law, companies with more than 250 workers are forced to have a complaints channel before June 13, since if they do not, they could face million-dollar fines. For this reason, the reporting channel software has experienced a significant increase in its customer base, and with the acquisition of 271 new SaaS (Software as a Service) customers during the first quarter of 2023, there are now 5,257 companies that make up its portfolio. In addition to revenue, EQS Group has achieved substantial growth in other key financial aspects. EBITDA reached 1,359 million euros in the first quarter of 2023, that is, 1,033% more than in the same period of the previous year. Likewise, the flow of funds has increased to 3,090 million euros, obtaining a growth of 104.64% compared to the first quarter of 2022. On the other hand, the economic stability of EQS Group is also reflected in its total assets, which stand at 188,026 million euros, and in its position of cash and cash equivalents, which amounts to 11,385 million euros. In addition, the company has managed to reduce its net debt by 9%, standing at 25,991 million euros. Finally, the forecasts for the fiscal year of 2023 are also positive and the Executive Board estimates an increase in revenue from 15 to 20 %. In addition, an acquisition of between 2,000 and 3,000 new customers is expected for this period, most of them in the area of ​​whistleblowing systems products. Achim Weick, founder and CEO of EQS Group AG: "We are very happy that whistleblowers are going to finally be protected in Europe.In addition, we firmly believe that companies will also benefit from establishing an effective whistleblowing channel.Therefore, the implementation of the Whistleblower Protection Law in Europe will generate a large number of new contracts and will be reflected clearly in a significant increase in sales and profit figures in the coming quarters." About EQS Group: EQS Group is a leading international provider of Regulatory Technology (RegTech) solutions, specializing in the areas of Corporate Compliance, Investor Relations and ESG.Thousands of companies around the world use EQS Group products to build trust, reliably and securely complying with complex regulatory requirements, minimizing risks and transparently reporting on business performance and its impact on society and the environment. EQS Group products are integrated into the cloud-based software EQS COCKPIT. This allows compliance processes in the areas of whistleblower protection and case management, policy management, and approval processes to be managed as professionally as business partners, insider listings, and reporting obligations. divulgation.

Contact Contact name: María Ortega Contact description: EQS Group Spain Contact telephone number: 34919546267