'The Year of Whistleblowing': EQS Group continues growth track in the
financial year 2023

EQS-News: EQS Group AG / Key word(s): Annual Report
'The Year of Whistleblowing': EQS Group continues growth track in the
financial year 2023

29.04.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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"The Year of Whistleblowing": EQS Group continues growth track in the
financial year 2023

* Revenue* growth of 15 percent compared to the previous year

  * Regulatory conditions strengthen customer and revenue growth,
    particularly in the compliance segment

  * Successfully completed takeover offer by financial investor Thoma Bravo
    supports growth and development potential

Munich - 29 April 2024

EQS Group has published the 2023 annual report. The company continued its
growth trajectory in FY 2023 and generated revenue* of EUR 69.40 million
(previous year: EUR 60.29 million). The compliance segment showed strong
revenue growth of 18 percent. Revenue in the Investor Relations segment
increased by 3 percent. The company's EBITDA* fell to EUR 3.28 million
(previous year: EUR 4.92 million). This is the result of extraordinary
expenses in relation to the public takeover bid by financial investor Thoma
Bravo. Adjusted for the extraordinary expenses, EBITDA* totaled EUR 8.55
million. The consolidated net loss* amounted to EUR -5.66 million.

Whistleblowing legislation boosts growth in the compliance segment

EQS Group's growth is significantly influenced by the trend of increasing
regulations in the area of compliance for organizations. In this financial
year, the regulatory framework gave a strong impetus, particularly the EU
Whistleblower Protection Directive, which came into effect in most EU
countries in mid-2023.

As the leading cloud software provider for compliance in Europe, EQS Group
acquired more than 3,300 new software-as-a-service (SaaS) customers for
whistleblower systems in 2023. This increase supported the revenue growth in
the compliance segment of 18 percent to EUR 49.95 million. The compliance
customer base grew by 87 percent year-on-year to a total of 6,915 SaaS
customers.

"After the implementation of the EU Directive was delayed by 18 months, we
were finally able to ring in the year of whistleblowing in 2023," explains
Achim Weick, founder and CEO of EQS Group. "We are proud to say that we have
acquired more than 3,300 new customers within a very short period of time -
an outstanding achievement in the B2B SaaS industry. We expect this trend to
continue as regulation in Europe progresses. The high level of interest in
our Compliance COCKPIT shows that companies need modern digital solutions
for increasing regulatory requirements."

With the integration of the Integrity Line whistleblowing solution into the
EQS Compliance COCKPIT platform and the addition of further modules to the
platform, EQS Group provides a comprehensive compliance management system
that enables companies to fulfill existing requirements and be optimally
prepared for future laws and guidelines.

"We appreciate the trust placed in us by companies that choose our
solutions. We work continuously on identifying their most important needs
and requirements, and addressing them as quickly as possible. We also invest
heavily in IT security, as we are aware that our customers entrust us with
highly sensitive data - from insider information to misconduct within their
own organization."

Revenue in the Investor Relations segment also increased in FY 2023, rising
by 3 percent to EUR 19.63 million (previous year: EUR 19.12 million). Cloud
products revenue increased by 8 percent due to subscription revenue from IR
COCKPIT. The discontinuation of business activities in Russia led to a 3
percent decrease in revenue in the Cloud Services segment.

Strategic partnership with Thoma Bravo ensures long-term growth

On 16 November 2023, EQS Group signed an investor agreement with Thoma
Bravo, a leading software investment company. The takeover offer to
shareholders was accepted on 2 February 2024 with a large majority of 97.5
percent.

"In order to grow even faster and more profitably, we decided last year to
start conversations with private equity investors. It quickly became clear
that Thoma Bravo was the right partner for us, who could not only support us
with capital, more importantly with many years of experience in the software
business, outstanding expertise, and a wealth of industry data. We are now
ready to take the next step in our growth story and establish EQS COCKPIT as
the leading compliance management system in Europe," says Achim Weick.

Thoma Bravo has acquired or invested in more than 450 software and
technology companies worldwide. Having invested more than EUR 10 billion of
equity in Europe over the last 12 years, this transaction is Thoma Bravo's
first platform investment in Germany.

More information:

The full annual report 2023 is available to download here:
https://www.eqs.com/about-eqs/investors/reports-presentations/

The figures for FY 2023 are audited.

* from continuing operations

Press contact

Christina Jahn

Tel.: +49 89 444430133

E-Mail: christina.jahn@eqs.com

About EQS Group

EQS Group is a leading international cloud provider in the areas of
corporate compliance, investor relations and sustainability reporting.
Thousands of companies across the world use EQS Group's products to build
trust by reliably and securely meeting complex regulatory requirements,
minimizing risks and transparently reporting on business performance and its
impact on society and the environment.

EQS Group's products are bundled in the cloud-based software EQS COCKPIT.
This allows compliance processes in the areas of whistleblower protection
and case handling, policy management and approval processes to be managed
just as professionally as business partners, insider lists and reporting
obligations. Listed companies also benefit from a global newswire, investor
targeting and contact management, as well as IR websites, digital reports
and webcasts for efficient and secure investor communication. In addition,
EQS Group provides software for the fulfillment of human rights due
diligence obligations along corporate supply chains, as well as for
compliant sustainability reporting.

EQS Group was founded in Munich in 2000. Today, the group employs around 500
professionals and is represented in the world's most important financial
centers.


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29.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        EQS Group AG
                   Karlstr. 47
                   80333 Munich
                   Germany
   Phone:          +49(0)89 444 430050
   Fax:            +49(0)89 444 430-049
   E-mail:         info@eqs.com
   Internet:       www.eqs.com
   ISIN:           DE0005494165
   WKN:            549416
   Indices:        Scale
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Munich (m:access), Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1891031

End of News EQS News Service
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1891031 29.04.2024 CET/CEST