Rounded and unaudited figures
Neuilly-sur-Seine, 4 February 2016: Linedata (LIN:FP), the global solutions provider to the investment management and lending and leasing industries, recorded revenues of €172.3 million for the year 2015, up 9.1% compared with 2014. At constant exchange rates, revenues fell slightly by 0.5%.
In the 4th quarter of 2015, revenues were €46.3 million, a rise of 9.6% compared with the same quarter last year. This return to organic growth, which began during the 3rd quarter, was confirmed in the 4th quarter with like-for-like revenues up 2.5%.
Recurring activity, which represents 71% of revenues, was €122.0 million in 2015, up €10.1 million compared with 2014.
For the whole year, bookings amounted to €61.9 million, compared with €54.5 million in 2014, representing an increase of 13.6%. Revenues from new clients in 2015 stood at €6.5 million, up 30%.
Performance analysis by segment:
Rounded and unaudited figures
ASSET MANAGEMENT (Q1: €24.1 M, +18.6%; Q2: €25.8M, +23.0%; Q3: €25.4M, +15.6%; Q4: €26.4M, +14.2%)
This segment benefited from solid momentum over the whole year thanks to a buoyant market environment and a particularly favourable currency effect (+€11.6 million). At constant exchange rates, revenue is up 4.2%.
The success of Linedata’s modular solutions for order management, compliance monitoring and position keeping has increased the attractiveness of Linedata to its client base of institutional managers, who require products with strong asset class and geographical coverage.
The Hedge Funds segment, also a strong performer throughout the whole year, particularly in Asia and the UK, generated an annual revenue increase of 20.3% and a steady flow of orders, mainly from new clients.
LENDING & LEASING (Q1: €13.8 M, -0.7%; Q2: €15.1M, -4.4%; Q3: €15.6M, +4.9%; Q4: €17.6M, + 7.3%)
One of the main features of the second half of the year was this segment’s return to growth. This increase gathered pace in the 4th quarter, particularly in the United States.
Throughout the entire year, the revenues generated by loan servicing, and the flagship Linedata Ekip product in particular, remained the same as in the previous year. In 2016, this sector should see additional revenues from the expected continuing migrations to the new Linedata Ekip360 solution and growing market acceptance in Latin America.
In North America, after a difficult year for sales in 2014, Linedata reversed the trend in 2015 with bookings of €19.9 million in this region, representing an increase of 64.4%. This was the case in particular with Linedata CapitalStream and also Linedata Ekip360 with the signature of an initial project agreement.
OTHER ACTIVITIES (Q1: €2.1 M, -23.0%; Q2: €1.9M, -30.5%; Q3: €2.2M, -6.6%; Q4: €2.4M, -15.0%)
Revenues from Insurance, which accounts for nearly all the revenues in this segment, stood at €7.7 million for the year, an increase of 3.8% compared to 2014.
The remainder consists of non-recurring revenues in Employee Savings, which fell strongly in 2015.
The positive outlook for Linedata’s revenues enables it to anticipate a marked improvement in results for 2015.
The buoyancy of the Asset Management business and the confirmed upturn in the Lending & Leasing segment means that the Group starts the new year with confidence.
Next communication: Publication of 2015 results on Tuesday, 16 February 2016, after close of trading.
Linedata is a global solutions provider dedicated to the investment management and credit communities, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. Headquartered in France, Linedata achieved revenues of €172.3 million in 2015. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
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