LINEDATA : Revenues for 1st Quarter 2020: €40.3 million (+0.6%)
April 23 2020 - 11:45AM
LINEDATA : Revenues for 1st Quarter 2020: €40.3 million (+0.6%)
Revenues for 1st Quarter 2020: €40.3
million (+0.6%)
|
Q1 2019 |
Q1 2020 |
Change |
ASSET MANAGEMENT (*) |
27.6 |
28.4 |
+2.8% |
LENDING & LEASING |
12.4 |
11.9 |
-4.2% |
TOTAL LINEDATA |
40.0 |
40.3 |
+0.6% |
Rounded, unaudited
figures (*) The “Other”
segment, made up of insurance and retirement savings, has been
integrated into AM
Neuilly-sur-Seine, 23
April 2020: Linedata (LIN:FP), global solutions and
outsourced services provider for the asset management, insurance
and credit finance industries, recorded revenues of
€40.3 million for the first quarter of 2020, up 0.6% compared
with the first quarter of 2019.
The share of recurring revenues for the first
quarter of 2020 represented 81% of overall revenues against 78% for
the same period of the previous year, reaching €32.5 million (+€1.1
million).
For the first three months of the year, order
intake amounted to €15.7 million, a slight decrease of 1.7%
compared to the first quarter of 2019.
While ensuring appropriate care for its
employees, clients and partners, Linedata was able to conduct its
operations without disruption by implementing remote working,
invoking continuity plans that are tested and updated regularly.
Linedata has deployed remote working for all its employees across
all of its sites.
Clients have expressed their satisfaction with
the services delivered by Linedata in the current, difficult
environment.
Performance analysis by
segment:
ASSET MANAGEMENT (Q1: €28.4 MILLION,
+2.8%)
During the 1st quarter of 2020, the Asset
Management segment was well-positioned (+2.8%), with growth in both
Software and Services.
Software increased by 3.0%, driven by front
office solutions (+4.9%), with new versions of Linedata Longview
and Linedata’s Funds Services platforms (+1%), particularly in
English-speaking countries and in France for insurance and
retirement savings.
Services posted an overall increase of 1.2% for
the first three months of the year, more pronounced in North
America (+3.4%). Over this period, despite working remotely,
Linedata has managed to maintain a high quality of service and more
than ever remains a leading player in middle-office and risk
management outsourcing.
LENDING & LEASING (Q1: €11.9
MILLION, -4.2%)
Revenues for 1st quarter 2020 in the Lending
& Leasing segment were down 4.2% from the same period in 2019.
This decrease in activity is mainly explained by major delays in
projects in North America, of which the impact on 1st quarter 2020
income amounted to €0.8 million. However, the Linedata Ekip
solution continues to post a positive trend with quarterly growth
of 3.0%.
Outlook
Linedata’s current business remains stable and
sustained even though some client projects have been suspended.
In the current health crisis, the Group remains
particularly vigilant in respect of its costs and investments and
has implemented local monitoring for all of its activities since
the start of the crisis.
Thanks to its robust and recurring business
model, Linedata remains confident that it will calmly navigate this
period of uncertainty, the duration and extent of which is not yet
known.
Next announcement: Revenues for
1st half of 2020: 28 July 2020 after close of trading.
ABOUT LINEDATA
With 20 years’ experience, 20 offices covering
50 countries throughout the world, more than 700 clients and nearly
1,300 employees, Linedata combines technology and human input to
provide asset management, insurance and lending professionals with
global solutions. Linedata supports companies as they develop and
bolsters the growth of its clients.
Linedata generated revenues of €169.7 million in
2019. Linedata is listed on the Euronext Paris stock exchange
Compartment B, FR0004156297-LIN - Reuters LDSV.PA - Bloomberg
LIN:FPlinedata.com
LinedataFinance Department+33 (0)1 73 43 70
27infofinances@linedata.com |
Cap Value+33 (0)1 80 81 50 00info@capvalue.frwww.capvalue.fr |
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