€million - IFRS Q1 2011 Q1 2012 Change Like-for-like change at constant exchange rates*
Southern Europe 15.6 17.0 +9.1% -1.8%
Northern Europe 6.5 6.5 -0.6% -2.4%
North America 8.7 9.9 +13.2% +8.5%
Asia 0.9 0.8 -11.8% -15.7%
TOTAL 31.7 34.1 +7.6% +0.5%
Rounded, unaudited figures
* Includes the company Fimasys from the 3rd quarter of 2011
Neuilly-sur-Seine, 25 April 2012: Linedata (LIN:FP), the global solutions provider dedicated to the investment management and credit finance industries, posted revenue of €34.1 million for the first quarter of 2012, up 7.6% compared to the first quarter of 2011, representing a like-for-like increase of 0.5% at constant exchange rates
The recurring revenue has increased by €0.9 million to €25.5 million, i.e. 75% of the quarterly turnover.
New booking since the beginning of the year have increased by 9% compared to the first quarter of 2011, standing at €11.7 million by the end of March.
Performance analysis by geographic zone:
SOUTHERN EUROPE (Q1: €17.0 million, +9.1%)
Business in the Southern Europe region has increased by 9.1%, thanks in particular to the positive impact of the acquisition of Fimasys, which accounts for €1.7 million, and to the sale of perpetual licences and maintenance activities. Apart from Fimasys, the quarterly turnover is down 1.8% compared to the same period in 2011.
NORTHERN EUROPE (Q1: €6.5 million, -0.6%)
Business in the first quarter of 2012 in Northern Europe is stable compared to the same period in 2011.
Increased sales due to maintenance activities offset the drop in consulting and research-related business.
NORTH AMERICA (Q1: €9.9 million, +13.2%)
Turnover reported in the United States shows a steady increase, marked by a favourable euro/dollar exchange rate. At constant exchange rates, the activity shows growth of 8.5%.
Increased consulting activity and the commercial success of the product Linedata Longview contribute to the strong performance in this market sector.
ASIA (Q1: €0.8 million, -11.8%)
The quarterly turnover has dropped slightly compared to the 1st quarter of 2011. Despite the vigorous growth of this region, business suffers on account of a competitive environment with significant price pressure.
Based on the strong order book and the contribution of Fimasys expected for the full year, Linedata can anticipate revenue growth in 2012.
Next communication: Publication of revenues for the 1st half-year of 2012 on 25 July 2012 after close of trading.
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
For further information, please contact:
+33 (0)1 47 77 68 39
Gilles Broquelet / Samuel Beaupain
+33 (0)1 80 81 50 00