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H1 2022 Revenue: €82.9 million, (+9.3%)


Neuilly-sur-Seine, 21st July 2022 – Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, Generated revenues of €82.9 million for the first half of 2022, up 9.3% from the first half of 2021. Adjusted for exchange rate movements, organic growth was 3.7%.

Growth accelerated in the second quarter, with revenues of €42.8 million, an increase of 12.7% over the same quarter in 2021. This was due in large part to the good performance of the Asset Management business line (+15.1%).

The recurring share of revenue in the first half of 2022 represented €65.5 million, or 79% of total revenue, up €4.5 million from the same period in 2021.
Order intake remained strong at €33.2 million, up 1.4% from the first half of 2021.

Performance by segment:

ASSET MANAGEMENT (Q1: €27.3 million, +5.3%; Q2: €29.4 million, +15.1%)

After posting growth in the first quarter of 5.3%, stable at constant exchange rates, the Asset Management segment accelerated its growth in the second quarter with a strong increase of 15.1% (+6.3% on a like-for-like basis). Sales activity was buoyant with a 31.7% increase in half year bookings to €21.1 million.

Revenue for the Software business came to €44.0 million, up 3.2%. Applications for Fund Services and Front Office solutions saw strong momentum with a solid increase in recurring revenue.

The Services division continued its steady growth trajectory, with a 54.1% increase in second-quarter revenue, on the back of an already solid first-quarter performance (+33.4%). First-half revenue totalled €12.7 million (+43.8%). Co-sourcing is very attractive to fund managers who consider the model to be a robust driver of performance.

LENDING & LEASING (Q1: €12.8 million, +7.2%; Q2: €13.5 million, +7.7%)

The Lending & Leasing segment continued its growth in the second quarter of 2022, at the same pace (+7.7%) seen in the first quarter. The continued migration of customers to the Linedata Ekip360 and Linedata Capitalstream platforms was accompanied by a significant increase in consulting activities since the start of the year.

Despite business growth in the first half of 2022, Linedata anticipates a decline in operating profitability for the period, in line with its expectations.

Next communication: H1 2022 results, 12 September 2022, after trading.

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Cap Value
Financial communication - Gilles Broquelet
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