DJ Linedata Services: Q1 2022 Revenue: EUR40.1 Million (+5.9%)
Linedata Services Linedata Services: Q1 2022 Revenue: EUR40.1 Million (+5.9%) 21-Apr-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.
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Q1 2022 Revenue: EUR40.1 Million (+5.9%)
Q1 2021 Q1 2022 Change Change at constant exchange rates ASSET MANAGEMENT 25.9 27.3 +5.3% +0.0% LENDING & LEASING 11.9 12.8 +7.2% +4.9% TOTAL LINEDATA 37.8 40.1 +5.9% +1.6%
Rounded, unaudited figures
Neuilly-sur-Seine, 21 April 2022 - Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, generated revenues of EUR40.1 million in the first quarter of 2022, up 5.9% from the first quarter of 2021. Adjusted for exchange rate movements, organic growth was 1.6%.
The recurring share of this revenue in the first quarter of 2022 represented EUR31.8 million or 79% of total revenue, up EUR1.1 million from the same period in 2021.
In the first three months of the year, orders grew sharply to EUR18.5 million, an increase of more than 20% from the first quarter of 2021.
Performance by segment:
ASSET MANAGEMENT (Q1: EUR27.3 million, +5.3%)
In the first quarter of 2022, the Asset Management Business Line posted sustained growth of 5.3%. Sales activity was buoyant with a growth in orders of more than 50% over the period, to EUR12.0 million, split equally between the two sub-segments, Software and Services.
The Software business was virtually stable at EUR21.4 million, with mixed performances by market segment. Solutions for funds services recovered, with growth of 6.5%, driven by the strong performance of maintenance revenue. However, front office solutions were down 6.6% due to a one-off fall in consulting activities.
The strong performance of the Services division continued, posting significant growth of 33.4% in quarterly revenue. In line with the trend seen in 2021, co-sourcing services enjoyed growing success with fund managers.
LENDING & LEASING (Q1: EUR12.8 million, +7.2%)
Revenue for the first quarter of 2022 was up significantly (+7.2%) from the same period in 2021. All regions performed strongly, in particular Latin America, where Linedata has recently opened a new office in Mexico.
Outlook
For the coming months, Linedata is confident that the upward trend seen at the start of the year will continue, on the back of high order intake and the market's recognition of its new offerings.
Next communication: Revenue for the first six months of 2022 on 21 July 2022 after trading.
ABOUT LINEDATA
With 20 years' experience and 700+ clients in 50 countries, Linedata's 1100 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 160.2 million in 2021 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.
linedata.com
Cap Value
Linedata
Financial communication
Finance Department
Gilles Broquelet
+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: pdf
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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: 1332245
End of Announcement EQS News Service
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1332245 21-Apr-2022 CET/CEST
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April 21, 2022 11:45 ET (15:45 GMT)
