EQS Group’s increase of its shareholding in Ariva to a controlling stake is well timed ahead of the expected changes to the PRIIPs regulation in January 2017. This regulatory change should drive demand for Ariva’s newly launched PRIIP software, which has the potential to become a significant new product line for the now enlarged group. As the acquisition is earnings accretive, we raise our earnings estimates for both FY16 and FY17, although this is not visible at the EPS level in
20 Jun 2016
Ariva acquisition well timed
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Ariva acquisition well timed
EQS Group AG (EQS:ETR) | 0 0 (-2.7%) | Mkt Cap: 104.1m
- Published:
20 Jun 2016 -
Author:
Fiona Orford-Williams -
Pages:
4
EQS Group’s increase of its shareholding in Ariva to a controlling stake is well timed ahead of the expected changes to the PRIIPs regulation in January 2017. This regulatory change should drive demand for Ariva’s newly launched PRIIP software, which has the potential to become a significant new product line for the now enlarged group. As the acquisition is earnings accretive, we raise our earnings estimates for both FY16 and FY17, although this is not visible at the EPS level in