Coronavirus impact: 23 Sept - profits soar for this lockdown beneficiary
The work at home environment has been great news for a provider of software solutions for remote meetings covered here, but will it be a longer beneficiary of the current environment?
Equals: holding upInterim results from Equals (LON:EQLS), the B2B focused e-banking and international payments group, saw transaction values and revenue hold up reasonably well. Unfortunately, adjusted EBITDA fell substantially with the Group falling to a statutory loss of £3.2m. Post period end the international payments business and banking services have provided resilient with the major impact seen in travel focused product lines An indication of the meaningful hit to business was the requirement to furlough 73 staff. Towards the end of the period Equals was also exposed to the failure of Wirecard which represents a significant logistical and operational challenge.…