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WKN: 938367 | ISIN: FR0004156297 | Ticker-Symbol: LN4
Frankfurt
09.10.24
09:18 Uhr
78,80 Euro
-0,40
-0,51 %
Branche
IT-Dienstleistungen
Aktienmarkt
Sonstige
1-Jahres-Chart
LINEDATA SERVICES SA Chart 1 Jahr
5-Tage-Chart
LINEDATA SERVICES SA 5-Tage-Chart
RealtimeGeldBriefZeit
78,4079,6009.10.
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Linedata Services: Improvement in H1 2024 earnings

DJ Linedata Services: Improvement in H1 2024 earnings

Linedata Services 
Linedata Services: Improvement in H1 2024 earnings 
11-Sep-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. 
=---------------------------------------------------------------------------------------------------------------------- 
 
Improvement in H1 2024 earnings 
Revenue: EUR89.7m (+2.5%) 
Net profit: EUR10.6m (11.8% of revenue) 
 
 
 
        H1 2023 H1 2024 Change 
 
REVENUE    87.5  89.7  +2.5% 
 EBITDA    21.2  22.0 
                +3.8% 
% of revenue  24.2%  24.5% 
EBIT      13.7  15.4 
% of revenue  15.7%  17.2%  +12.4% 
NET PROFIT   8.5   10.6 
                +24.4% 
% of revenue  9.7%  11.8% 

Rounded figures

Neuilly-sur-Seine, September 11th, 2024 - Linedata (LIN:FP), the global solutions and outsourcing services provider to the investment management and credit finance industries, announces an improvement in its first-half 2024 results, driven by revenue growth and operating efficiency.

Linedata generated revenue of EUR89.7m in the first half of 2024, an increase of 2.5% in reported terms. On a constant structure and exchange rate basis, growth stood at 2.1%.

The strong growth in the Lending & Leasing business and the improved margin in the Asset Management segment contributed to the solid momentum in the Group's performance indicators.

EBITDA margin   H1 2023 H1 2024 
Asset Management  22.9%  24.3% 
Lending & Leasing 27.1%  24.9% 
Total       24.2%  24.5% 

Analysis of results

In H1 2024, Linedata achieved an EBITDA of EUR22.0m (24.5% of revenue), representing a EUR0.8m increase compared to the same period of the previous financial year.

"Payroll costs," Linedata's main operating cost item, increased by 6.0% to EUR46.3m. This growth reflects one-off restructuring costs, a decrease in capitalized R&D expenses, and the reclassification of social security contributions totalling EUR0.5m, which were previously booked under "Taxes and duties". Restated for these items, the increase in employee expenses aligns with the business growth.

The "Purchases and external costs" item decreased by 4.3% to EUR19.1m, benefiting from an improved business mix for the Asset Management Software division in the US.

Net amortization and provisions declined EUR0.9m to EUR6.5m thanks to a decrease in amortization linked to capitalized R &D from previous financial years and the reversal of provisions for risks. As a result, operational income reached EUR15.4m, representing a year-on-year improvement of 12.4% compared with H1 2023.

The financial result amounted to -EUR1.4m, compared to EUR-1.6m for the previous financial year. This change can mainly be attributed to a reduction in average debt.

After booking a tax burden of EUR3.5m, net profit significantly increased by 24.4% to EUR10.6m, resulting in a strong net margin of 11.8% (up by 2.1 pts year-on-year vs. H1 2023).

Balance sheet analysis

The equity is stable at EUR120.4m on June, 30th 2024 compared to EUR113m on December 31st, 2023. This change mainly reflects the profit for the first half of the year.

Net debt (*) totalled EUR52.6m, representing approximately 1.0x consolidated EBITDA on a rolling 12-month period and excluding the impact of IFRS 16 (1.5x on December 31st 2023). This demonstrates the Group's ability to quickly reduce its debt, excluding external growth and capital transactions.

Outlook

Linedata expects continued organic revenue growth and solid operating profitability in the second half of 2024.

Next communication: Q3 2024 revenue on October 23rd, 2024, after trading.

*excluding IFRS 16 lease liabilities but including the property lease portfolio

ABOUT LINEDATA

With 25 years' 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 that help its clients to evolve and to 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 

-----------------------------------------------------------------------------------------------------------------------

Regulatory filing PDF file File: CP_Linedata - CP RS 2024_12.09.24-EN_V11092024

=---------------------------------------------------------------------- 
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:   1986253 
 
End of Announcement EQS News Service 
=------------------------------------------------------------------------------------ 

1986253 11-Sep-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1986253&application_name=news&site_id=dow_jones%7e%7e%7ef1066a31-ca00-4e1a-b0a4-374bd7d0face

(END) Dow Jones Newswires

September 11, 2024 11:45 ET (15:45 GMT)

© 2024 Dow Jones News
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