Home Trading Equals Group reports 59% revenue increase in 2022

Equals Group reports 59% revenue increase in 2022

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Official announcement read:

The underlying performance was even better as 2021 included the ‘one-off’ revenue from a material trade of £1.5 million and gross profits of £0.8 million.

Equals noted that the increase in EBITA in 2022 was also contributed by the company’s continued investment in future growth resources, including the addition of headcounts in several divisions.

Ian Strafford Taylor, Chief Executive Officer, said:

The Group has enjoyed a strong financial performance in 2022, thanks to the significant advantages of operational gearing and economies-of-scale.  This was possible due to prudent and ongoing investments into the proposition (specifically technology and connectivity) since 2018.  The investment in the proposition continued into 2022, supporting and enabling rapid development. It will continue through 2023 as investment is targeted at exciting growth initiatives and product development.

Equals purchased open banking platform Roqqett in January.

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