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Revenues for first 9 months 2012: €104.7 million (+6.0%)

IFRS €M

 

Neuilly-sur-Seine, 24 October 2012: Linedata (LIN:FP), the global solutions provider dedicated to the investment management and credit finance industries, posted revenues of €104.7 million for the first nine months of 2012, an increase of 6.0% compared with 2011. At constant exchange rates and on a like-for-like basis, revenues decreased by 1.5%.

In the third quarter of 2012, revenues were €34.4 million, compared with €34.8 million in 2011, which is a slight reduction of 1.3%. On a like-for-like basis at constant exchange rates, revenues fell by 6.7% over the previous year. A fall in revenues during the third quarter compared to the first two quarters of the year is customary due to summer holidays during which consulting is lower (impact of €1 million for the quarter).

Recurring revenues have increased by €6.8 million during the first 9 months, reaching €79.1 million, that is to say 76% of total revenues during that period.

Revenues by geographical region:

IFRS €M

 

SOUTHERN EUROPE (Q1: €17.0 million, +9.1%; Q2: €18.2 million, +9.9%; Q3: €15.5 million, -9.1%)

 

Quarterly revenues reduced significantly due, in particular, to a fall in the Employee Savings business (-21.6%, or a reduction of €0.7 million). Revenues for the Credit Finance business increased by 12.5% as a result of the Fimasys integration and is stable on a like-for-like basis.

 

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

 

The back and front office solutions business maintained their momentum supported by a dynamic institutional client base. The Hedge Funds segment is more stagnant with stronger pressure on prices and a higher attrition rate.

 

NORTH AMERICA (Q1: €9.9 million, +13.2%; Q2: €10.0 million, +18.1%; Q3: €10.6 million, +3.7%)

 

The North America region continued to grow in the front office with the Linedata Longview suite of products and Linedata LynX connectivity services. It also benefited from favourable exchange rate movements between the dollar and the euro.

 

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

 

In Asia, revenues for the first nine months of 2012 increased by 6.1% compared with 2011 (-3.6% at constant exchange rates).

 

Outlook:

 

With a favourable revenue outlook for the 4th quarter, traditionally a stronger period of activity, Linedata anticipates revenue growth for the full year.

 

Next communication: Publication of 2012 revenues on 5 February 2013 after close of trading.

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Finance Department
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@ infofinances@linedata.com
Cap Value
Financial communication - Gilles Broquelet
Tel: +33 (0)1 80 81 50 00
@ info@capvalue.fr