JDC Group AG / DE000A0B9N37
14.08.2024 - 08:00:09JDC Group increases growth to over 25 percent and expands the Management Board
| JDC Group AG / Key word(s): Half Year Results 14.08.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Turnover grows in the second quarter by 29.4 percent to EUR 52.8 million; in the first half of the year turnover increases by 25.4 percent to EUR 106.1 million EBITDA grows by 48.7 percent to EUR 2.8 million in the second quarter of 2024; in the first half of the year by 35.6 percent to EUR 6.9 million; EBIT increases by 64.4 percent to EUR 3.8 million Dr. Ramona Evens, former Check24 Managing Director, newly appointed as Chief Operating Officer/ COO JDC Group AG (ISIN DE000A0B9N37) shows significant growth and a corresponding increase in turnover and profits with the figures published today for the first half of 2024: Turnover grew by a pleasing 29.4 percent to EUR 52.8 million in the second quarter (Q2 2023: EUR 40.8 million). As a result, turnover in the first half of 2024 increased by 25.4 percent to EUR 106.1 million (6M 2023: EUR 84.6 million). Turnover in the Advisortech division rose by 30.9 percent to EUR 46.6 million in the second quarter. For the first half of the year, this represents growth of 26.5 percent to EUR 94.9 million. In the Advisory division, turnover in the second quarter also increased significantly by a pleasing 27.4 percent year-on-year to EUR 9.9 million and thus by 16.9 percent to EUR 18.6 million in the first half of 2024. The Group's earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 48.7 percent to EUR 2.8 million in the second quarter (Q2 2023: EUR 1.9 million). In the first half of the year, this represents growth of 35.6 percent to EUR 6.9 million (6M 2023: EUR 5.1 million). Earnings before interest and taxes (EBIT) more than doubled in the second quarter to EUR 1.3 million (Q2 2023: EUR 0.5 million). For the first half of the year, this means growth of 64.4 percent to EUR 3.8 million (6M 2023: EUR 2.3 million). Consolidated net income in the first half of 2024 rose by 70.5 percent to EUR 2.8 million after EUR 1.6 million in the same period of the previous year. The share buyback program resolved by the Executive Board on 10 November 2023 with the approval of the Supervisory Board and launched on 16 November 2023 was completed as planned on 15 May 2024. As part of this program, a total of 147,113 shares (corresponding to around 1.08 percent of the share capital) were bought back for a total amount of around EUR 2.9 million. Due to the dynamic development of the company and the diverse tasks arising from the major cooperations, the company is adding a fourth member to the Management Board. Dr. Ramona Evens (*1984) will assume the role of Chief Operating Officer of the JDC Group from 1 September 2024. Dr. Evens, who holds a doctorate in business administration, is a trained strategy consultant, has managed the sales management of a medium-sized German insurance company and, in addition to her own entrepreneurial activities, was most recently Managing Director of the property insurance division at the comparison portal Check24. Ralph Konrad, who was previously responsible for the Operations division in addition to other departments, will focus on the Finance, Legal and Platform divisions in future. "The performance in the first half of the year - especially in the second quarter - significantly exceeded our expectations. With almost 30% growth, we had a particularly dynamic second quarter," says Ralph Konrad, CFO/COO of the JDC Group, pleased with the quarterly figures. "Personally, I am particularly pleased that we have been able to appoint another top industry expert to our Management Board, Dr. Ramona Evens. She will certainly provide us with valuable impetus for the further development of JDC in the area of operations. I myself will then be able to put even more energy into the technical development of the platform and my other areas of responsibility, such as M&A." "We are now growing in the platform business at the pace we envisioned for ourselves and our shareholders and are also back on track in our advisory business. We are therefore convinced that we will be able to meet our ambitious turnover and earnings targets for 2024 and 2025," comments Dr. Sebastian Grabmaier on the company's positive development. "However, as the acquisition of our next major customer, one of Europe's largest insurance companies, shows, we will not rest on our laurels, but rather take advantage of all market opportunities. Be it as a platform with other major clients and brokers, as an aggregator with our joint venture with Bain Capital and Great West or with our own M&A activities. We are and will remain one of the leading consolidators in the market. Against this backdrop, we are particularly pleased that we have been able to recruit the proven platform specialist Dr. Ramona Evens as our new COO!" The key figures for the second quarter and the first half of 2024 are as follows:
Contact: JDC Group AG Ralf Funke Investor Relations Phone: +49 611 335322-00 Email: funke@jdcgroup.de 14.08.2024 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: | 1967417 |
| End of News | EQS News Service |
| |
