Revenues for 1st quarter of 2013: €34.2 million

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M€ - IFRSQ1 2012Q1 2013ChangeLike-for-like change at constant exchange rates*
Southern Europe17.016.6-2.5%-2.5%
Northern Europe6.56.5+0.9%+2.6%
North America9.910.4+5.4%+0.1%
Asia0.80.8-1.4%-0.8%
TOTAL34.134.2+0.4%-0.8%

Rounded, unaudited figures

* Includes CapitalStream activity from 22 March 2013

Neuilly-sur-Seine, 14 May 2013: Linedata (LIN:FP), Linedata, the global solutions provider dedicated to the investment management and credit finance industries, posted revenues of €34.2 million for the first quarter of 2013, an increase of 0.4% compared with the first quarter of 2012. At constant exchange rates and on a like-for-like basis, revenues fell by 0.8%.

Recurring revenues increased by €1.3 million to €26.8 million, representing 78% of total quarterly revenues in 2013, compared with 75% for the same period in 2012.

Booking for the first quarter of 2013, which included an exceptional order of €4.7 million, increased by 37% to €16.1 million.

Performance analysis by geographical area:

SOUTHERN EUROPE (Q1: €16.6 million, -2.5%)
Revenue decreased by 2.5% during the period, with contrasting performance according to business line.

The Asset Management revenues increased by nearly 10% as a result of a growth in back office activity.

Savings and Insurance was down 0.8 M on the quarter, due in particular to a drop in consulting.

Credit Finance was slightly up, thanks in particular to an increase in perpetual license revenue.

NORTHERN EUROPE (Q1: €6.5 million, +0.9%)
In the first quarter of 2013, revenues in Northern Europe were up by 2.6% at constant exchange rates. The weakening of the UK pound reduced this to a growth of 0.9%.

The sales of back office solutions have remained steady, particularly for the Linedata MFact and Linedata MShare solutions.

NORTH AMERICA (Q1: €10.4 million, +5.4%)

Revenues in North America have increased by 5.4%. This is after the impact of an unfavourable euro/dollar exchange rate movement (-€0.1 million) and with additional revenues from the integration of CapitalStream acquired on 22 March 2013 (impact +€0.6 million). Revenues were stable on a like-for-like basis at constant exchange rate.

ASIA (Q1: €0.8M, -1.4%)

In Asia, the Group has achieved stable revenues for the quarter, compared with 2012, of €0.8 million.

Outlook:

The CapitalStream integration will allow Linedata to strengthen its revenues in North America and its presence in the Credit Finance market generally.

The Group is continuing its R&D investments to meet customer demands and reassert its position as a technology leader. Developments are, in particular, oriented towards new service offerings, compliance with regulatory changes and the release of new product versions.

Next communication: publication of revenues for 2nd quarter 2013, on 24 July 2013 after close of trading.

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ABOUT LINEDATA

Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 1000 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 144 million in 2012. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.

For further information, please contact:

Linedata Finance Department+33 (0)1 47 77 68 39infofinances@linedata.com

www.linedata.com

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