DJ Linedata Services: Full-year revenue 2021: EUR160.2M
Linedata Services Linedata Services: Full-year revenue 2021: EUR160.2M 03-Feb-2022 / 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.
-----------------------------------------------------------------------------------------------------------------------
Full-year revenue 2021: EUR160.2M
EURM 2020 2021 Change Change at constant exchange rates ASSET MANAGEMENT 109.6 107.8 -1.7% -0.2% LENDING & LEASING 51.4 52.4 +2.0% +2.0% TOTAL LINEDATA 161.0 160.2 -0.5% +0.5%
Rounded, unaudited figures (EURM)
Neuilly-sur-Seine, 3rd February 2022 - Linedata (LIN:FP) realised full-year 2021 revenues of EUR160.2M, down 0.5% compared to 2020. Adjusted for unfavourable exchange rate movements, organic growth was +0.5%.
The recurring share of total revenue stood at 78%, reflecting a decline of one percentage point compared with a year earlier. Non-recurring revenue increased by EUR2M mainly in view of the sharp increase in consulting linked to clients migrating to the new platforms and growth of the Asset Management Services division.
With the increased contribution from new product versions in both segments, Linedata's 2021 orders were up 7.1% compared with 2020, to a total of EUR59.4M.
Performance by segment:
ASSET MANAGEMENT (Q1: EUR25.9M, -8.5%; Q2: EUR25.5M, -5.6%; Q3: EUR25.3M, -1.0%; Q4: EUR31.0M, +8.2%)
In 2021, revenue in the Asset Management segment came to EUR107.8M, a decrease of 1.7% on a reported basis. At constant exchange rates, business was almost stable (-0.2%) compared with a year earlier.
Software revenue was EUR88.4M, down 4.6%. It was impacted by a decline in revenue in the fund servicing segment which was not offset by additional revenue from migrations to the new AMP platform.
The Services division enjoyed strong momentum in 2021 with revenue of EUR19.4M up 14.2%. New offerings targeting Hedge Funds, facilitating the outsourcing of some of their support functions, enabled Gravitas and QRMO to increase growth.
Order intake for the Asset Management activity held up well at EUR31.9M, a significant growth of 12.5% compared with 2020.
LENDING & LEASING (Q1: EUR11.9M, -0.1%; Q2: EUR12.5M, +12.1%; Q3: EUR12.6M, +13.5%; Q4: EUR15.5M, -10.5%)
The Lending & Leasing activity, posting EUR52.4M, enjoyed growth of 2.0% in 2021. The division benefited from revenue generated by numerous migration projects of the installed base to the Linedata Ekip360 platform.
The fourth quarter, delivered the best performance of 2021, although this was down 10.5% compared with the same quarter of the previous year due to a large perpetual licence that was recognised for a new client in the last quarter of 2020.
2021 orders, standing at EUR27.5M, were up slightly, by 1.4%.
Outlook
Linedata will present its full-year results to the financial community on February 15th. These should confirm the underlying improvement in all profitability indicators observed during the first half of the year.
Next event: Full-year results 2021, on 14th February 2022, after market.
ABOUT LINEDATA
With 20 years' experience, 20 offices covering 50 countries throughout the world, 700 clients and 1,100 employees, Linedata combines technology and human input to provide asset management, insurance and lending professionals with global solutions. Linedata supports companies as they develop and bolsters the growth of its clients.
Linedata generated revenues of EUR160.2M in 2021. Linedata is listed on the Euronext Paris stock exchange Compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP
www.linedata.com
Cap Value
Linedata
Financial communication
Finance Department
Gilles Broquelet
+33 (0)1 47 77 68 39
+33 (0)1 80 81 50 00
infofinances@linedata.com
info@capvalue.fr
www.capvalue.fr
-----------------------------------------------------------------------------------------------------------------------
Regulatory filing PDF file File: pdf
=--------------------------------------------------------------------
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 / Information on annual revenues
EQS News ID: 1276495
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
1276495 03-Feb-2022 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1276495&application_name=news
(END) Dow Jones Newswires
February 03, 2022 11:45 ET (16:45 GMT)
