DJ Linedata Services: Nine-month 2024 revenue: EUR134.6m (+2.0%)
Linedata Services Linedata Services: Nine-month 2024 revenue: EUR134.6m (+2.0%) 23-Oct-2024 / 17:45 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Nine-month 2024 revenue: EUR134.6m (+2.0%) EURm 9 months 2023 9 months 2024 Change Change at constant structure and exchange rates ASSET MANAGEMENT 89.9 90.9 +1.0% +0.4% LENDING & LEASING 42.1 43.7 +3.9% +3.8% TOTAL LINEDATA 132.0 134.6 +2.0% +1.5%
Neuilly-sur-Seine, October 23rd, 2024 - Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, generated revenue of EUR134.6m over the first nine months of 2024, up 2.0% compared with the same period in 2023. At constant exchange rates, organic growth came to 1.5%.
At the end of September 2024, the recurring portion of revenue was stable, amounting to 77% of the total, i.e. EUR103.4m, up EUR1.7m compared with the same period in 2023.
Order intake in Q3 2024 was slightly down, at EUR14.9m, compared to EUR15.7m for the same period last year. Over the first nine months of 2024, bookings reached EUR57.0m, a 13.4% increase driven by the solid momentum in the Lending & Leasing segment.
Performance by segment:
ASSET MANAGEMENT (Q1: EUR29.2m, +0.4%; Q2: EUR30.4m, -0.4%; Q3: EUR31.4m, +3.2%)
The Asset Management segment performed well in Q3 2024, with a revenue increase of 3.2%, notably benefitting from proceeds transferring rights of use to a customer for a Back Office application. During the year's first nine months, growth reached 1.0% (+0.4% at constant structure and exchange rates).
The software division's revenue amounted to EUR68.3m over the first nine months of 2024, up 4.4% from the same period last year.
Revenue for the Services division came to EUR22.6m, down 7.9% at the end of September 2024. This decline was mainly due to the consulting business, which is more volatile by definition, while revenue posted by the Middle Office activity was almost stable over the period.
LENDING & LEASING (Q1: EUR14.7m, +9.7%; Q2: EUR15.5m, +6.5%; Q3: EUR13.5m, -4.4%)
Q3 2024 revenue for the Lending & Leasing segment was EUR13.5m, declining 4.4% following two quarters of steady growth. Revenue in the first nine months of the year totalled EUR43.7m, up 3.9%. On a like-for-like basis, the increase was 3.8%.
At the end of September 2024, commercial activity for the Lending & Leasing segment sustained its momentum with a total order intake of EUR28.2m, an increase of EUR10.8m compared to the same period last year - driven in part by the signing of a special contract.
Outlook:
For the full year 2024, the Group expects organic growth similar to that reported since the start of the financial year.
Next communication: Full-year 2024 revenue on January 30th, 2025, after trading.
ABOUT LINEDATA
With 25 years of experience and 700+ clients in 50 countries, Linedata's 1200 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries, helping its clients evolve and operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 183.3 million in 2023 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP
www.linedata.com
Linedata Cap Value
Finance Department Financial communication
+33 (0)1 73 43 70 28 +33 (0)1 80 81 50 00
infofinances@linedata.com info@capvalue.fr
www.capvalue.fr
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Regulatory filing PDF file File: LINEDATA- CP CA T3 2024 -VF_ENG V22310
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Language: English
Company: Linedata Services
27 rue d'Orléans
92 200 Neuilly-sur-Seine
France
Internet: www.linedata.com
ISIN: FR0004156297
Euronext Ticker: LIN
AMF Category: Inside information / News release on accounts, results
EQS News ID: 2014665
End of Announcement EQS News Service
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2014665 23-Oct-2024 CET/CEST
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(END) Dow Jones Newswires
October 23, 2024 11:45 ET (15:45 GMT)
