Equals Group revenues grow throughout Q3

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Equals Group

124.40p

14:44 15/11/24

-0.48%

-0.60p

Fintech payments firm Equals Group said on Monday that the record start it had made to the third quarter had been sustained throughout the remainder of the period.

Equals stated it had generated revenues of £11.7m in the three months ended 30 September, marking a continued acceleration in trading and representing a 33% run-rate increase on the previous quarter, a 62% increase on the prior year, and a 47% increase on the pre-Covid comparative period.

The AIM-listed firm added that revenue growth was "broad-based" across all products, augmented by "strong demand" for its "Equals Solutions" proposition.

"This performance further underpins the board's confidence in accelerating momentum and maintaining growth moving into the final quarter of the year," said Equals.

As of 1015 BST, Equals shares were up 7.38% at 65.50p.