JDC Group AG / DE000A0B9N37
08.11.2023 - 08:00:08JDC returns to double-digit growth in the third quarter
| JDC Group AG / Key word(s): 9 Month figures 08.11.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Revenue increased by 10.0% to EUR 38.3 million in the third quarter of 2023. In the first nine months, revenue increased by 6.1% to EUR 122.9 million; the Advisortech business continues to develop strongly. EBITDA doubled in the third quarter to EUR 1.6 million. In the first nine months of 2023, EBITDA rose by 8.2% to EUR 6.7 million. The EUR 20 million bond of JDC Group subsidiary Jung, DMS & Cie. Pool GmbH 2023/2028 was successfully placed. JDC Group AG (ISIN DE000A0B9N37) grew by a double-digit percentage for the first time again in the third quarter, doubling its quarterly EBITDA and thus significantly increasing revenues and earnings in the first nine months of 2023 compared to the same period of the previous year. Group revenues rose by 10.0% to EUR 38.3 million in the third quarter, compared to EUR 34.8 million in the same quarter of the previous year, despite customers' reluctance to spend and historically low consumer confidence. In the first nine months of 2023, revenues increased by 6.1% to EUR 122.9 million (9M 2022: EUR 115.8 million). The Advisortech division increased its revenue by 9.6% to EUR 33.4 million in the third quarter. In the first nine months of 2023, revenue rose by 10.7% to EUR 108.4 million. The Advisory division continues to suffer from the difficult economic environment. Revenues fell by around 7% to EUR 7.7 million in the third quarter of 2023. In the first nine months, revenues fell by 10.7% to EUR 23.6 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) doubled year-on-year to kEUR 1,628 in the third quarter of 2023 (Q3 2022: kEUR 814). In the first nine months of 2023, EBITDA improved by 8.2% to kEUR 6,715 (9M 2022: kEUR 6,206). Earnings before interest and taxes (EBIT) increased significantly in the third quarter from kEUR -656 to kEUR 168. In the first nine months of 2023, EBIT improved to kEUR 2,508, an increase of almost 44% (9M 2022: kEUR 1,743). The JDC Group is also continuing to develop positively operationally, as demonstrated by the conclusion of important cooperation agreements in the savings bank sector, the successful placement of treasury shares from the share buyback programs to the Provinzial Group and the successful refinancing of the 2019/2024 corporate bond of the subsidiary Jung, DMS & Cie. "We are delighted that we were once again able to grow by a double-digit percentage in the third quarter. JDC is not only growing, but our growth is also growing," commented Ralph Konrad, CFO/COO of the JDC Group on the nine-month figures, adding: "The very positive development of our insurance business, with growth of around 22 percent, is increasingly more than compensating for the still challenging investment and financing business, which means that business development in the Advisory segment is also increasingly improving. This year, we are also expecting good year-end business again." "Business with savings banks made a noticeable contribution to business development for the first time in the third quarter. Against this backdrop, we welcome Provinzial Group as another major shareholder from the savings bank sector," says Dr. Sebastian Grabmaier, CEO of JDC Group AG, about the latest developments. "Due to the liquidity we received from the sale of treasury shares from the successful share buyback programs, we were able to reduce the volume of the 2019/2024 bond to EUR 20 million when we successfully issued the new 2023/2028 bond, which further improves our equity ratio. The financing of the JDC Group is secured in the long term through these two transactions, so we are extremely satisfied with the course of the last few months!" The key figures for the third quarter and the first nine months of 2023 are as follows:
Montega: JDC Group AG - Earnings Call Q3 2023 About JDC Group AG JDC Group AG (ISIN: DE000A0B9N37) offers a digital platform for insurance, investment funds and all other financial products and services under the brands Jung, DMS & Cie, allesmeins and Geld.de. By offering and handling all product providers in the financial market with a complete product range and full data and document supply, it creates the perfect workplace for financial intermediaries of all kinds (brokers, agents, corporate-affiliated intermediaries, banks, tied agents, FinTechs) via its view systems and interfaces, and the first true financial home for financial services customers. Via smartphone app, tablet or PC, customers and intermediaries get a complete overview of the individual insurance and fund portfolio, simple closing routes and transfer options, and also a complete market comparison, so that customers and advisors can optimize coverage and provision easily and with an ideal benefit-cost ratio. Around 250 well-trained advisors under the FiNUM brand complement the platform offering for discerning and upscale private customers. With more than 16,000 connected platform users, around 1.5 million customers, annual sales of around two billion euros in valuation, a fund portfolio of over five billion euros and annual insurance premiums now in excess of 1 billion euros, we are one of the market leaders in German-speaking countries. JDC focuses on sustainability and is committed to ESG criteria: As a digitization service provider, JDC helps save many tons of paper and makes the daily life of financial intermediaries and customers easier. Disclaimer: The board members of JDC Group AG, Dr. Sebastian Grabmaier, Ralph Konrad and Marcus Rex, hold an interest in JDC Group AG and have a vested interest in the nature and content of the information provided in this release. Contact: JDC Group AG Ralf Funke Investor Relations Phone: +49 611 335322-00 Email: funke@jdcgroup.de 08.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | JDC Group AG |
| Söhnleinstraße 8 | |
| 65201 Wiesbaden | |
| Germany | |
| Phone: | +49 (0) 611 335322-00 |
| Fax: | +49 (0) 611 335322-09 |
| E-mail: | info@jdcgroup.de |
| 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 |
| EQS News ID: | 1767577 |
| End of News | EQS News Service |
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