Equals has delivered flat H1/20E revenues, exhibiting trading resilience in view of headwinds brought about by Covid-19. While there was a slowdown across all segments over Q2/20, Equals' evolving B2B focus and strong International payments growth has supported trading. There are tentative signs of recovery in those areas of weaker performance, boding well for H2/20E. While the speed of that recovery is uncertain, we refrain from reissuing forecasts with our recommendation unchanged.
23 Jul 2020
Cenkos: Equals Group Plc -- Resilience with early signs of improvement


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Cenkos: Equals Group Plc -- Resilience with early signs of improvement
Equals Group Plc (EQLS:LON) | 39.5 0.2 1.3% | Mkt Cap: 70.5m
- Published:
23 Jul 2020 -
Author:
James Fletcher -
Pages:
7 -
Equals has delivered flat H1/20E revenues, exhibiting trading resilience in view of headwinds brought about by Covid-19. While there was a slowdown across all segments over Q2/20, Equals' evolving B2B focus and strong International payments growth has supported trading. There are tentative signs of recovery in those areas of weaker performance, boding well for H2/20E. While the speed of that recovery is uncertain, we refrain from reissuing forecasts with our recommendation unchanged.