DJ Linedata Services: 2024 revenue: EUR183.7m (+0.2%)
Linedata Services Linedata Services: 2024 revenue: EUR183.7m (+0.2%) 30-Jan-2025 / 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. =---------------------------------------------------------------------------------------------------------------------- 2024 revenue: EUR183.7m (+0.2%) EURm 2023 2024 Change Change at constant structure and exchange rates ASSET MANAGEMENT 122.1 120.7 -1.2% -1.8% LENDING & LEASING 61.1 63.0 +3.0% +3.0% TOTAL LINEDATA 183.3 183.7 +0.2% -0.2%
Rounded, unaudited figures (EURM)
Neuilly-sur-Seine, January 30th, 2025 - Linedata (LIN:FP) reported full-year 2024 revenue of EUR183.7m, stable compared with the same period in 2023. It includes a 3.0% increase for the Lending & Leasing segment, with a 1.2% decline in Asset Management activities.
Recurring revenue for the fiscal year was EUR137.5m, i.e. 75% of total revenue, representing a performance that was comparable with the previous fiscal year in value and percentage terms.
Bookings for 2024 reached EUR78.9m, up 4.4%. Despite the 13.7% decline posted in Q4 2024, commercial activity performed well over the last three years, averaging annual growth of around 10% across all segments.
Performance by segment:
ASSET MANAGEMENT (Q1: EUR29.2m, +0.4%; Q2: EUR30.4m, -0.4%; Q3: EUR31.4m, +3.4%; Q4: EUR29.8m, -7.5%)
Revenue generated in the Asset Management segment amounted to EUR120.7m, representing negative organic growth of 1.8%, entirely due to the Services division. Commercial activity declined temporarily, with full-year bookings down 12.0% at EUR37.8m.
The Software division's revenue totaled EUR90.4m, up by 1.4% on a reported basis and 0.5% at constant exchange rates. The activity benefited from the resilience of Funds Services applications, the growth delivered through the launch of the new AMP platform and the transfer of rights of use to a client for Back Office software.
Revenue for the Services division came to EUR30.3m, down 8.0% on a reported and organic basis. As stated above, the negative organic growth was mainly due to advisory and support activities, which are less recurrent. Co-sourcing income for 2024 remained strong at EUR16.5m, accounting for 54% of the total.
LENDING & LEASING (Q1: EUR14.7m, +9.7%; Q2: EUR15.5m, +6.5%; Q3: EUR13.5m, -4.4%; Q4: EUR19.3m, +1.1%)
Revenue for the Lending & Leasing segment amounted to EUR63.0m in 2024, up 3.0% in reported terms and at constant structure and exchange rates. Growth in the business was supported by an increase in recurring revenue, with its portion rising from 67% in 2023 to 74% in 2024.
Full-year bookings came in at EUR41.1m versus EUR32.6m a year earlier, representing a sustained increase of 26.0%.
Outlook
Linedata expects operating profitability for 2024 to be close to that of the previous fiscal year.
Next communication: Full-year 2024 results on February 13th, 2025, after trading.
ABOUT LINEDATA
With 25 years of experience and 700+ clients in 50 countries, Linedata's 1,200 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 183.7 million in 2024 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 Chiffre d'Affaires 2024 VUK_VF
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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: 2078245
End of Announcement EQS News Service
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2078245 30-Jan-2025 CET/CEST
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January 30, 2025 11:45 ET (16:45 GMT)
