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:
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.
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.