06.03.2017
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group concludes 2016 with record quarter
DGAP-News: JDC Group AG / Key word(s): Preliminary Results/Final Results
JDC Group concludes 2016 with record quarter
06.03.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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- Preliminary Revenues Q4 2016 increase by 13.6 % to EUR 22.5 m,
preliminary Revenues 2016 up 2.4 % to EUR 77.2 m
- Preliminary EBITDA Q4 2016 multiplies to EUR 2.0 m, with an EBITDA
margin of 8.9 %, preliminary EBITDA 2016 doubles to EUR 2.7 m
- New earnings dimension materializes in quarterly figures for the first
time after portfolio acquisitions
- Digitalization strategy accelerates transformation of business model
JDC Group AG (ISIN DE000A0B9N37) has successfully concluded fiscal year
2016. On the basis of preliminary, not yet testified figures published
today, revenues in the fourth quarter increased by 13.6 % to EUR 22.5 m (Q4
2015: EUR 19.8 m). The earnings growth was even more notable. Earning
before interest, taxes, depreciation and amortization (EBITDA) multiplied
to EUR 2.0 m (Q4 2015: EUR 0.1 m), corresponding to an EBITDA margin of 8.9
% (Q4 2015: 0.5 %).
Revenues in the full year 2016 rose to EUR 77.2 m (2015: EUR 75.4 m), while
EBITDA more than doubled to EUR 2.7 m despite considerable transaction
costs for portfolio acquisitions and one-time effects (about EUR 0.5 m)
(2015: EUR 1.3 m). Decisive driver of this development was the business
segment Advisortech, in which the company completed extensive acquisitions
of insurance portfolios since mid 2016. Thus JDC Group accomplished to
transfer highly profitable insurance portfolios at attractive terms, which
are now held on own account.
In 2017 JDC Group plans to intensify her digitalization strategy and to
accelerate the transformation from a classic broker pool towards the
leading digital manager of insurances and financial investments. For this
reason, the company appointed Mr. Stefan Bachmann (30) as Chief Digital
Officer into the Management Board. Mr. Bachmann was Finance & Fintech
Industry Manager at Google Germany before and recently directed Google's
"German Fintech Program".
The Business Segment Advisory, which reflects the classic distribution
channel of JDC Group, developed promising as well, closing the year with
very good business performance.
Overall preliminary Revenues and EBITDA are presented below:
Q4 2016 Q4 2015 Delta 2016 2015 Delta [mEUR] [mEUR] [%] [mEUR] [mEUR] [%] Revenues 22.5 19.8 13.6 77.2 75.4 2.4 thereof 18.0 16.0 12.5 61.1 60.3 1.3 Advisortech thereof 7.2 6.2 16.1 23.3 22.0 5.9 Advisory EBITDA 2.0 0.1 >100 2.7 1.3 >100 EBITDA margin 8.9 0,5 3.5 1.7 [%]In 2017 for the first time, proceeds from the insurance portfolios acquired last year will be included in the financial figures for the full twelvemonths. At the same time however, transaction costs resulting from the acquisitions will not occur anymore, which burdened 2016 earnings with one-time effects. Against the backdrop of winning multiple major broker clients and the starting of JDCs Eastern-European business, the Management Board of JDC Group expects a sustained positive revenue and earnings development for the current fiscal year. For 2017 the company expects a further increase in revenues to EUR 85.0 to 95.0 m as well as a nearly doubled EBITDA of EUR 5.0 to 6.0 m. The company plans to release the final testified figures for the fiscal year 2016 on 27 April 2017. Further information about JDC Group AG can be found at www.jdcgroup.de. Contact Ingo Middelmenne Head of Investor Relations JDC Group AG Telephone: +49 611 3353 514 E-Mail: [email protected] About JDC Group AG JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and intelligent financial technology for advisors and customers. In the "Advisortech" business unit, we provide our customers and advisors with modern advisory andadministration technology using the Jung, DMS & Cie. Groups. While many sales anddistribution partners perceive the technological transformation as a problem and the young Fintech companies as the new competitors, we perceive the "technology" factor to be a great opportunity. Solutions from the "Advisortech" business unit will help advisors in the future to take even better care of their customers and generate increased sales in their earnings. In the "Advisory" segment, we convey financialproducts to private end customers via free advisors, brokers and financial distributors using the FiNUM Group. With over 16,000 connected sales partners, around 1,000,000 end customers, a portfolio of more than EUR 4 billion and over EUR 1.3 billion in product sales each year, we are one of the market leaders in the German-speaking area. Disclaimer Members of the Management Board of JDC Group AG hold material shareholdings in JDC Group AG and thus have proprietary interests in the nature and contents of the information provided in this notification. --------------------------------------------------------------------------- 06.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 550435 06.03.2017
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