DGAP-Media / 15.09.2016 / 07:00 JDC Group with a very Positive Outlook for the Second Half of 2016 - Positive EBITDA at EUR 0.4 million despite significant investments in allesmeins app and additional expenses concerning portfolio acquisitions - Revenues in first half of the year only marginally below the same period of the previous year at EUR 36.2 million despite difficult capital markets - Successful portfolio acquisitions from Geld.de and Aon provide a very positive outlook on the second half of the year The JDC Group, Europe's leading Advisortech company, was able to assert itself well in the first six months of the current fiscal year in what remains a challenging market environment. As expected, the interim results published today were clearly marked by investments into digital insurance wallet allesmeins as well as in acquisitions of insurance portfolios from Geld.de and Aon and its one-off transaction costs. Against the backdrop of the difficult capital market environment as a result of Brexit, consolidated sales fell slightly by 1.5 percent to EUR 36.2 million (H1 2015: EUR 36.8 million). This was caused by expected declining sales volumes in the investment funds segment, which was largely offset by increasing sales volumes in the remaining segments. All in all, the investment fund portfolio managed by the JDC Group sank due to weak market evaluations ("Assets under Administration") by around 5 percent to EUR 4.2 billion (H1 2015: EUR 4.4 billion). "The market environment in the first half of the year was certainly a challenge for our fund sales. For the second half of the year, we expect a marked improvement," Ralph Konrad, CFO of JDA Group AG, explains. "We countered at the right time and are anticipating very positive effects to emerge in the second half of the year from investments made into our allesmeins app and from the acquisitions. Although initially, these steps were of course an added burden on our results." Accordingly, our earnings before interest, taxes, depreciation and amortization (EBITDA) at EUR 0.4 million were less than they were for the same period of the previous year (H1 2015: EUR 1.0 million). The effects which had a negative impact on earnings arising from the acquisitions occurred primarily in the second quarter. Here, the EBITDA fell to EUR 0.2 million after EUR 0.8 million in the same period of the previous year. Our earnings before interest and taxes (EBIT) fell to EUR -0.5 million (H1 2015: EUR 0.3 million), and our net income after taxes (EAT) at EUR -0.8 million was also lower than in the same period of the previous year (H1 2015: EUR -0.4 million). "Our strategy of investing in the future in particularly difficult market phases is certainly the right one," Sebastian Grabmaier, CEO of JDC Group AG, stresses. "The transfer of the insurance portfolios we have acquired is running smoothly. The high up-front investments in the first half of the year will therefore be followed by noticeable revenues as early as the third quarter." The significant key figures for the business development in the first half of 2016 are as follows: Business units Q2 2016 Q2 2015 Change H1 2016 H1 2015 Change to be continued (in TEUR) Revenues 18,942 19,458 -2,7% 36,243 36,802 -1,5% - thereof 15,249 15,443 -1,3% 29,299 29,892 -2,0% Advisortech - thereof 5,341 5,379 -0,7% 10,264 10,522 -2,5% Advisory - thereof -1,648 -1,364 -20,8% -3,320 -3,612 8,1% Holding/Cons. EBITDA 184 843 -78,2% 368 1.023 -64,0% EBIT -226 455 > -100% -472 262 > -100% EBT -459 297 > -100% -907 22 > -100% Group net -543 -26 > -100% -776 -351 > -100% result Earnings per -0,05 0.00 > -100% -0.07 -0.03 > -100% share After the successful acquisition of insurance portfolios from Geld.de and Aon, the Executive Board continues to make a positive assessment of the environment for additional acquisitions from JDC Group's perspective. For the rest of the second half of 2016, the company therefore still anticipates one or two additional transactions at unchanged attractive conditions. You can find more information on JDC Group AG 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 and administration technology using the Jung, DMS & Cie. Groups. While many sales and distribution 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 financial products 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. Contact: JDC Group AG Ingo Middelmenne Investor Relations Phone: +49 611 33 53 514 Fax: +49 611 33 53 2514 Email: [email protected] End of Media Release --------------------------------------------------------------------------- Issuer: JDC Group AG Key word(s): Finance 15.09.2016 Dissemination of a Press Release, 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 --------------------------------------------------------------------------- 501913 15.09.2016