Revenue for 2012

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€ millions-IFRS 20112012ChangeLike-for-like change at constant exchange rates*
1st quarter31.734.1+7.6%+0.5%
2nd quarter32.336.2+12.3%+2.0%
3rd quarter34.834.4-1.3%-6.7%
4th quarter38.539.3+2.0%-0.1%
Total137.3144.0+4.9%-1.1%

Rounded, unaudited figures

 

Neuilly-sur-Seine, 5 February 2013: Linedata (LIN:FP), the global solutions provider dedicated to the investment management and credit finance industries, posted revenues of €144.0M in 2012, an increase of 4.9% compared with 2011. At constant exchange rates and on a like-for-like basis, revenues decreased by 1.1%.

In the fourth quarter of 2012, revenues reached €39.3M, compared with €38.5M in 2011, representing an increase of 2.0%. Revenues were almost stable on a like-for-like basis at constant exchange rates.

Recurring revenues increased by €8.4M to reach €106.1M over the year, representing 74% of total revenues.

For the full year, new bookings were stable at approximately €49M.

Performance breakdown by geographical area:

€ millions-IFRS 20112012ChangeLike-for-like change at constant exchange rates*
Southern Europe69.671.4+2.6%-2.2%
Northern Europe27.128.9+6.5%+0.8%
North America37.440.5+8.1%-0.1%
Asia3.23.3+3.1%-5.1%
Total137.3144.0+4.9%-1.1%

Rounded, unaudited figures

 

SOUTHERN EUROPE (Q1: €17.0M, +9.1%; Q2: €18.2M, +9.9%; Q3: €15.5M, -9.1%; Q4: €20.7M, +1.4%)

Sales in Southern Europe were up 2.6% compared with 2011 due to the favourable impact of Credit Finance business revenues (+€3.0M over the year). The latter benefited in particular from the contribution from Fimasys throughout the full year (+€2.8M).

NORTHERN EUROPE (Q1: €6.5M, -0.6%; Q2: €7.2M, +9.8%; Q3: €7.4M, +9.2%; Q4: €7.8M, +7.5%)

Northern Europe performed well in 2012 with an increase of 6.5% in its revenues compared with 2011. Growth was sustained by recurring revenues from maintenance, monthly licences and ASP and reached +0.8% at constant exchange rates.

NORTH AMERICA (Q1: €9.9M, +13.2%; Q2: €10.0M, +18.1%; Q3: €10.6M, +3.7%; Q4: €9.9M, -0.3%)

In North America, revenues for 2012 were up 8.1%, benefiting from favourable exchange rate movements between the dollar and the euro. At constant exchange rates, sales were stable.

ASIA (Q1: €0.8M, -11.8%; Q2: €0.9M, +20.1%; Q3: €0.9M, +13.7%; Q4: €0.8M, -5.4%)


In Asia, revenues were up 3.1% compared with 2011 in terms of reported figures (-5.7% at constant exchange rates). The region continued to grow in terms of ASP with the signing of five new contracts.

Outlook:

Due to the growth of its revenues, Linedata anticipates an increase of EBITDA for 2012.

For the 2013 financial year, despite ever-unpredictable market conditions, the Group remains confident thanks to the quality of its offering, its dynamic installed base and the high level of its backlog.

Next communication: Publication of 2012 annual results on 28 February 2013 after close of trading.

For further information, please contact:

Linedata
Finance Department
+33 (0)1 47 77 68 25
infofinances@linedata.com
www.linedata.com
Cap Value
Financial communication
Gilles Broquelet / Samuel Beaupain
+33 (0)1 80 81 50 00
info@capvalue.fr
www.capvalue.fr