22.11.2016
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group expands digital business model to Austria and Eastern Europe
DGAP-News: JDC Group AG / Key word(s): Alliance/Expansion
JDC Group expands digital business model to Austria and Eastern Europe
22.11.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- Expansion of successful AdvisorTech strategy to Austria, Czech Republic
and Slovakia
- Positive impact on revenues of up to EUR 5 million and significantly
positive earnings contribution expected in 2017 already
- Start of InsurTech app allesmeins intended in 2017
JDC Group AG (ISIN DE000A0B9N37), the leading AdvisorTech company in
Europe, expands its business activities to the Czech Republic and Slovakia,
motivated by the successful launch of the digital wallet app allesmeins,
and introduces the app to the Austrian market as well. Allesmeins enables
clients of financial advisors to display and manage their insurance and
investment portfolios on mobile devices such as smartphone and tablet.
The innovative strategy of JDC, combining technology and advisory into a
hybrid model, will initially be introduced to clients of the more than
1,000 financial advisory in the advisor network of the new cooperation
partner Phoenix Strategic Investors in the Czech Republic, Slovakia and
Austria. Against this background JDC expects additional revenues from
commissions of up to EUR 5 million and a significantly positive earnings
contribution in 2017 already.
'The start of our successful advisor / retail client app allesmeins in
Austria has been planned for a long time now. Our cooperation with Phoenix
Strategic puts us into the opportunistic position, to expand our
technological reach to the Czech Republic and Slovakia as well. In the
years of 2010 to 2013 we were already very successful in these markets via
our former subsidiaries', Dr. Sebastian Grabmaier, CEO der JDC Group und
Managing Director of Jung, DMS & Cie, adds delighted. 'This time we will
especially score with our modern InsurTech sales approach, which combines
the best out of two worlds: innovative financial technology and competent
personal advisory.'
Further information about JDC Group AG are available at www.jdcgroup.de.
Contact
Ingo Middelmenne
Head of Investor Relations
JDC Group AG
Phone: +49 611 3353 514
Email: [email protected]
About JDC Group
JDC Group AG (ISIN: DE000A0B9N37) stands for new advisory technologies
flanked by smart financial advice. In our "Advisortech" segment, we are
developing state-of-the-art advisory and administration technologies for
customers and advisors alike. Many sales operations and partners view
technological change as presenting a problem and see young Fintech players
as new competitors. We, by contrast, see the "technology" factor as
offering a great opportunity. In future, solutions from the "Advisortech"
segment will help advisors support their customers even more closely and
thus also generate higher sales. In our "Advisory" segment, our Jung, DMS &
Cie. and FiNUM subsidiaries broker financial products to private end
customers via independent advisors, brokers and financial sales operations.
With more than 16,000 affiliated sales partners, approximately 1,000,000
end customers, a managed portfolio of more than Euro 4 billion and new
business of more than Euro 1.3 billion a year, we are one of the market
leaders in German-speaking countries.
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.
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22.11.2016 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.
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