LINEDATA SERVICES :2017 Revenues: €179,0 M€ (+7,3%)
07 Février 2018 - 6:25PM
2017 Revenues:
€179,0 M€ (+7,3%)
| |
1st
Half |
2nd
Half |
Year |
| 2016 |
2017 |
Change |
2016 |
2017 |
Change |
2016 |
2017 |
Change |
| ASSET MANAGEMENT |
49,1 |
61,4 |
+24,9% |
50,3 |
57,5 |
+14,4% |
99,4 |
118,8 |
+19,6% |
| (1) (2) |
|
|
|
|
|
|
|
|
|
| LENDING & LEASING |
29,9 |
26,5 |
-11,4% |
29,6 |
28,4 |
-3,9% |
59,4 |
54,9 |
-7,7% |
| OTHER ACTIVITIES |
4,1 |
2,8 |
-32,3% |
3,9 |
2,5 |
-35,3% |
8,0 |
5,3 |
-33,7% |
| TOTAL LINEDATA |
83,1 |
90,6 |
+9,0% |
83,7 |
88,4 |
+5,6% |
166,8 |
179,0 |
+7,3% |
| (1) (2) |
|
|
|
|
|
|
|
|
|
Rounded unaudited
figures
(1) Includes Derivation activity from April
2016
(2) Includes Gravitas from January 2017 and QRMO
activity from August 2017
Neuilly-sur-Seine, 7 February, 2018 - Linedata (LIN:FP), the global solutions and
outsourcing services provider to the investment management and
credit finance industries, generated revenues of €179.0 million in
2017, up of 7.3% compared to 2016.
After adjustments for a negative
exchange rate impact of -€3.2M and a positive contribution made by
the latest acquisitions (Derivation in April 2016, Gravitas in
January 2017 and QRMO in August 2017) of €24.0M, Linedata is
reporting negative organic growth of 5.2% compared to 2016.
Recurring revenues for 2017 were
€127.3M, compared with €121.2M in 2016, a €6.1M increase. It
accounts for 71% of revenues.
In 2017, booking grew of 8.6% to
€56.0M, against €51.5M in 2016. In the last quarter of 2017,
bookings realized a high performance at €21.9M (up 25.5% compared
to the same period of 2016).
Performance
analysis by segment:
Asset Management
(Q1: €31.3M, +26.5%; Q2: €30.0M, +23.2%; Q3: €27.5M, +12.6%; Q4:
€29.9M, +16%)
In 2017, Asset Management has
confirmed a growth dynamic of 19.6% driven by the contributions of
Gravitas and QRMO acquired during the year. These acquisitions
bring a new dynamic to Linedata's software offering by adding a
Services and Outsourcing component that is particularly sought
after on the market.
In Europe, the asset management
industry is investing significantly in regulatory reforms such as
MiFID II, but is suffering from "wait-and-see" attitudes
post-Brexit. More globally, asset management companies are
gradually launching their digital revolution based on three major
themes: big data, artificial intelligence and blockchain. Linedata
continues to provide its customers with its expertise on these
subjects.
Lending &
Leasing (Q1: €13.0M, -5.8%; Q2: €13.5M, -16.2%; Q3: €12.7M, -8.3%;
Q4: €15.7M, -0.1%)
The recovery in business activity
in the last quarter (bookings up 22.4%) enabled Linedata to reverse
the downturn in revenues seen in the segment since the start of the
financial year, despite unfavorable base effects in Europe, due to
a high level of perpetual licenses revenues recognized in 2016 on
migrations to the new version of Linedata Ekip360. In
North America, the Company finalized the new version V11.0 of its
Linedata Capitalstream product, which allowed it to sign new
contracts.
As the end of 2017, Linedata
offers two fully modular global solutions that allow it to provide
broad functional coverage in the areas of credit origination,
administrative management of accounts receivable and fleet
management.
Outlook
In 2018, Linedata will finalize
the integrations of Gravitas and QRMO, and accelerate the ramp-up
of the major AMP (Asset Management Platform) project, aiming to
bring to market a new modernized platform that is fully focused on
the user experience and digital transformation. A first version
should be marketed by the end of the year.
In the Lending & Leasing
segment, Linedata will benefit from the positive spin-offs of its
new version of Linedata Capitalstream and the migrations of
customers to Linedata Ekip360.
Building on these developments and
the uptick in business in the last quarter of 2017, Linedata is
confident that it will be able to maintain its level of growth in
2018.
Next
communication: Publication of 2017 annual results on
13th February,
2018, after close of trading.
ABOUT LINEDATA
With 20 years' experience and 700+
clients in 50 countries, Linedata's 1300 employees in 20 offices
provide global humanized technology solutions and services for the
asset management and credit industries that help its clients to
evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 179.0
million in 2017 and is listed on Euronext Paris compartment B
FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.
linedata.com
Linedata
Finance Department
+33 (0)1 47 77 68 39
infofinances@linedata.com
|
Cap Value
Financial communication
Gilles Broquelet
+33 (0)1 80 81 50 00
info@capvalue.fr
www.capvalue.fr |
LINEDATA SERVICES:2017 Revenues:
€179,0 M€ (+7,3%)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LINEDATA SERVICES via Globenewswire
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