23.08.2018
JDC Group AG DE000A0B9N37
DGAP-News: JDC Group AG: JDC Group further increases revenues and earnings
DGAP-News: JDC Group AG / Key word(s): Half Year Results
JDC Group AG: JDC Group further increases revenues and earnings
23.08.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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JDC Group further increases revenues and earnings
- Revenues increase by around 10 percent to EUR 44.5 million in the first
half of 2018
- EBIT quadruples, guidance confirmed
- Further growth impetus expected in the second half of the year
JDC Group AG (ISIN DE000A0B9N37) has confirmed the success of the Group's
strategy in the first half of 2018 with the figures released today.
Revenues increased by around 10 percent to EUR 44.5 million (H1 2017: EUR
40.6 million). Earnings before interest, tax, depreciation and amortisation
(EBITDA) rose by roughly 18 percent to EUR 2.0 million (H1 2017: EUR 1.7
million). Decreased depreciation and amortisation meant earnings before
interest and tax (EBIT) increased significantly more than EBITDA,
quadrupling to EUR 0.7 million (H1 2017: EUR 0.2 million).
The positive performance results primarily from an increase in revenues and
earnings in the Advisortech segment. The outsourcing agreement with
Lufthansa subsidiary Albatros has started successfully and will contribute
even more significantly to revenue growth in the second half of the year. An
increase in personnel and IT expenses, in anticipation of the major projects
acquired, slightly affected earnings in the second quarter, as a result of
which second quarter earnings were at roughly the same level as previous
year despite good sales growth. The contribution to sales by outsourcing
will at least double in the second half of the year compared to the first,
and with stable planned expenditure will accelerate growth in earnings.
"We are fully satisfied with the development in the first half of the year,"
Ralph Konrad, CFO of the JDC Group, said about the figures. "The fact that
we were able to match the revenues of the first quarter of 2018 in the
always seasonally weaker second-quarter shows that we are on a stable growth
trajectory."
Revenues of the Advisortech division increased by around 10 percent to EUR
36.5 million. The Advisory division increased its sales by around 3 percent
to EUR 12.1 million.
The significant key figures for the second quarter and first half of 2018
are as follows:
(in kEUR) Q2 Q2 Dev- YTD YTD Dev.
2018 2017 . 2018 2017
Revenues 22.010 20.533 7% 44.474 40.579 10%
- of which Advisortech 17.972 16.341 10% 36.450 33.141 10%
- of which Advisory 6.059 6.205 -2% 12.110 11.809 3%
- of which -2.021 -2.014 0% -4.086 -4.371 7%
Holding/Kons.
EBITDA 534 581 -8% 2.014 1.712 18%
EBIT -167 -205 19% 653 159 >100%
EBT -492 -476 -3% 70 -338 >100%
Net profit -619 -606 -2% -210 -582 64%
Earnings per share -0,05 -0,05 0% -0,02 -0,05 60%
"We have been investing sustainably in our digitisation strategy for years
and as a result have developed into the ideal partner for large brokers,
distributors and banks who are looking for outsourcing solutions in
conducting their insurance business," said Sebastian Grabmaier, CEO of the
JDC Group, explaining the group's strategy: "During the course of the year,
we expect to win business from well-known partners, which will provide
further growth impetus to the group. While we want to further expand our
platform in the core business, we will also present the first innovations in
our newly founded blockchain lab as early as 2018."
The JDC Group confirms its guidance with revenues of EUR 100 million and an
EBITDA of at least EUR 6 million for 2018.
The interim report for the first half and second quarter of 2018 and further
information on JDC Group AG can be found at www.jdcgroup.de.
The Letter to Shareholders for the 3rd quarter will be published on 22
November 2018.
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
procure financial products for private end customers via free advisors,
brokers and financial distributors using the FiNUM Group. With over 16,000
connected sales partners, a portfolio of more than EUR 4.5 billion and over
EUR 1.5 billion in product sales each year, we are one of the market leaders
in the German-speaking region.
Disclaimer:
The Directors of JDC Group AG hold a significant participating interest in
JDC Group AG and have a self-interest in the nature and content of the
information provided in this release.
Contact:
JDC Group AG
Ralf Funke
Investor Relations
Phone: +49 611 890 5750
Email: [email protected]
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23.08.2018 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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Language: English
Company: JDC Group AG
Kormoranweg 1
65201 Wiesbaden
Germany
Phone: +49 (0) 611 890 575-0
Fax: +49 (0) 611 890 575-99
E-mail: [email protected]
Internet: http://www.jdcgroup.de
ISIN: DE000A0B9N37
WKN: A0B9N3
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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