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2024-10-07 15:10 EQUALS Group Equals Group Plc | Trading Update Regulatory News Trading Update 08 December 2021 SHARE ' Results exceed full year expectations ' ' Past investment drives growth across the platform and delivers record revenues ' Equals ( AIM : EQLS ) , the fintech payments group focused on the SME marketplace , is pleased to announce that it has significantly exceeded full - year expectations for both revenues and Adjusted EBITDA and is accordingly providing the market with a trading update for the period from 1 January 2021 to 6 December 2021 ( the ' year to date ' ) and 1 October 2021 to 6 December 2021 ( the ' Period ' ) . Group revenue for the year to date was £ 40.4 million compared to £ 26.8 million for the same period in 2020 - an increase of 51 % . Group revenue for the Period was £ 11.6 million compared to £ 5.7 million for the same period last year - an increase of 105 % . As announced on 28 October 2021 , both the year to date and the Period benefitted from a material international payments transaction for a large corporate client that generated revenue of £ 1.5 million . The table below provides more detail on the revenues : £ 000's Material trade Year to date Period 2021 2020 % change 2021 2020 % change 1,513 0 1,513 0 All other non - travel related revenues 35,743 24,168 Travel - related revenues Total revenues 3,160 2,655 40,416 26,823 + 48 % 9,496 5,165 + 19 % 597 504 + 51 % 11,606 5,669 + 84 % + 18 % + 105 % Ex material trade 38,903 26,823 + 45 % 10,093 5,669 + 78 % Underlying revenues rose by 45 % over the year to date and 78 % in the Period to date . These significant increases have been largely driven by strong demand for the Group's ' Equals Solutions ' proposition , the new multicurrency product aimed at larger businesses , which has generated £ 3.1 million in the year to date and £ 1.2 million in the Period alone ; along with substantial growth in both the Group's Spend platform and its white - label business . Revenues from the Group's B2C travel - money products represented only 5 % of total revenue in the Period . https://www.equalsplc.com/content/news/archive/2021/081221 1/3