Equals Group Studies Substantial Improve in Revenues


Monetary expertise funds group targeted on the SME market, Equals reported its monetary numbers for the interval from 1 January 2021 to six December 2021 (12 months to this point) at the moment.

For the talked about interval, Equals Group posted revenues of £40.4 million, which is 51% greater in comparison with the identical interval in 2020. Between 1 October and 6 December 2021, the whole income of the group climbed by greater than 105% in comparison with the identical interval final 12 months.

Non-travel-related revenues noticed sharp positive factors in 2021. Furthermore, travel-related revenues jumped between 1 January 2021 and 6 December 2021. Equals Group witnessed constant progress in revenues all through 2021.

“Underlying revenues rose by 45% over the 12 months to this point and 78% within the Interval to this point. These vital will increase have been largely pushed by robust demand for the Group’s ‘Equals Options’ proposition, the brand new multicurrency product geared toward bigger companies, which has generated £3.1 million within the 12 months to this point and £1.2 million within the Interval alone; together with substantial progress in each the Group’s Spend platform and its white-label enterprise,” Equals Group highlighted.

Enterprise Progress

To speed up its progress, Equals Group goals to re-invest and improve the gross sales perform of the enterprise. For the talked about interval, the group exceeded all of the forecasts associated to its progress. Based on the corporate, its Board is assured in regards to the efficiency within the remaining days of 2021 and financial 12 months 2022 (FY22).

Ian Strafford-Taylor, Chief Government Officer at Equals, stated: “I’m delighted to have the ability to inform the market that the robust efficiency we noticed in September and October has continued and allowed us to considerably surpass the market expectations for the total 12 months in early December. Our outcomes present the outcomes of strategic steps we undertook three years in the past to pivot the enterprise to a B2B-focus and to speculate into our platforms and connectivity.”

Monetary expertise funds group targeted on the SME market, Equals reported its monetary numbers for the interval from 1 January 2021 to six December 2021 (12 months to this point) at the moment.

For the talked about interval, Equals Group posted revenues of £40.4 million, which is 51% greater in comparison with the identical interval in 2020. Between 1 October and 6 December 2021, the whole income of the group climbed by greater than 105% in comparison with the identical interval final 12 months.

Non-travel-related revenues noticed sharp positive factors in 2021. Furthermore, travel-related revenues jumped between 1 January 2021 and 6 December 2021. Equals Group witnessed constant progress in revenues all through 2021.

“Underlying revenues rose by 45% over the 12 months to this point and 78% within the Interval to this point. These vital will increase have been largely pushed by robust demand for the Group’s ‘Equals Options’ proposition, the brand new multicurrency product geared toward bigger companies, which has generated £3.1 million within the 12 months to this point and £1.2 million within the Interval alone; together with substantial progress in each the Group’s Spend platform and its white-label enterprise,” Equals Group highlighted.

Enterprise Progress

To speed up its progress, Equals Group goals to re-invest and improve the gross sales perform of the enterprise. For the talked about interval, the group exceeded all of the forecasts associated to its progress. Based on the corporate, its Board is assured in regards to the efficiency within the remaining days of 2021 and financial 12 months 2022 (FY22).

Ian Strafford-Taylor, Chief Government Officer at Equals, stated: “I’m delighted to have the ability to inform the market that the robust efficiency we noticed in September and October has continued and allowed us to considerably surpass the market expectations for the total 12 months in early December. Our outcomes present the outcomes of strategic steps we undertook three years in the past to pivot the enterprise to a B2B-focus and to speculate into our platforms and connectivity.”

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