JDC Group AG / DE000A0B9N37
08.03.2024 - 08:00:05JDC Group AG: Record final quarter brings JDC Group 2023 30 percent EBITDA increase with double-digit revenue growth
JDC Group AG / Key word(s): Preliminary Results 08.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Record final quarter brings JDC Group 2023 30 percent EBITDA increase with double-digit revenue growth Due to an increase in EBITDA in the fourth quarter of over 80 percent compared to the previous year, the Group's (preliminary) EBITDA amounted to EUR 5 million in a quarter for the first time, while Q4 revenues rose by over 20 percent to a record EUR 48.8 million. The preliminary figures for the full year 2023 show an increase in revenues of 10 percent to around EUR 171.7 million and an increase in EBITDA of around 31 per cent to EUR 11.7 million. EBIT has doubled in 2023 compared to the previous year. For 2024, the Management Board expects an increase in turnover of over 20 percent and an increase in EBITDA of over 30 percent. JDC Group AG (ISIN DE000A0B9N37) delivered a very strong fourth quarter in a still challenging year 2023 and thus an equally strong year-end result. Based on the preliminary and as yet unaudited business figures published today, the Group's revenue increased significantly by around 21 percent to EUR 48.8 million in the fourth quarter (Q4 2022: EUR 40.3 million). Quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) rose sharply by around 81 percent to EUR 5.0 million (Q4 2022: EUR 2.8 million). Turnover in the fourth quarter would have been even better if the consolidation of the Top Ten Group, which was acquired in January, could have taken place as planned in October instead of December and the real estate and financing market had picked up again earlier. However, it is now clear that the mood on the capital market has brightened and year-end business was significantly better than in the previous year. JDC Group's revenue for 2023 as a whole thus rose by 10 percent to EUR 171.7 million (2022: EUR 156.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 30.6 percent to EUR 11.7 million in 2023 (2022: EUR 9.0 million). Earnings before interest and taxes (EBIT) doubled to EUR 5.8 million (2022: EUR 2.9 million). The two operating segments Advisortech and Advisory developed differently in the economically challenging year 2023: The Advisortech segment was able to further accelerate its growth. Here, revenue increased by around 22 percent to EUR 42.4 million in the fourth quarter. In 2023 as a whole, revenues rose by around 14 percent to around EUR 151 million. EBITDA increased by around 26 percent to EUR 11.9 million. EBIT rose by around 50 percent to EUR 7.6 million. The Advisory segment was able to increase revenues by around 16 percent in the fourth quarter, meaning that the shortfall from the previous quarters could not quite be made up in a full-year comparison - however, EBITDA increased significantly: Revenues for the full year fell by 4.3 percent to EUR 33.2 million, while EBITDA for the full year rose to EUR 3.1 million after EUR 2.6 million in the previous year. EBIT thus increased significantly to EUR 1.9 million after EUR 1.3 million in the previous year. In addition to the increase in gross profit, the improvement in Group earnings also resulted from a moderate cost trend. Overall, the key figures on a preliminary basis were as follows:
Contact: JDC Group AG Ralf Funke Investor Relations Phone: +49 611 335322-00 Email: funke@jdcgroup.de 08.03.2024 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: | 1854149 |
End of News | EQS News Service |
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