EQS-News

JDC Group AG: Record final quarter brings JDC Group 2023 30 percent EBITDA increase with double-digit revenue growth

EQS-News: JDC Group AG / Key word(s): Preliminary Results JDC Group AG: Record final quarter brings JDC Group 2023 30 percent EBITDA increase with double-digit revenue growth 08.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. Record final quarter brings JDC Group 2023 30 percent EBITDA increase with double-digit revenue growth

 

• Due to an increase in EBITDA in the fourth quarter of over 80 percent compared to the previous year, the Group's (preliminary) EBITDA amounted to EUR 5 million in a quarter for the first time, while Q4 revenues rose by over 20 percent to a record EUR 48.8 million.
• The preliminary figures for the full year 2023 show an increase in revenues of 10 percent to around EUR 171.7 million and an increase in EBITDA of around 31 per cent to EUR 11.7 million. EBIT has doubled in 2023 compared to the previous year.
• For 2024, the Management Board expects an increase in turnover of over 20 percent and an increase in EBITDA of over 30 percent.

 

JDC Group AG (ISIN DE000A0B9N37) delivered a very strong fourth quarter in a still challenging year 2023 and thus an equally strong year-end result. Based on the preliminary and as yet unaudited business figures published today, the Group's revenue increased significantly by around 21 percent to EUR 48.8 million in the fourth quarter (Q4 2022: EUR 40.3 million). Quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) rose sharply by around 81 percent to EUR 5.0 million (Q4 2022: EUR 2.8 million). Turnover in the fourth quarter would have been even better if the consolidation of the Top Ten Group, which was acquired in January, could have taken place as planned in October instead of December and the real estate and financing market had picked up again earlier. However, it is now clear that the mood on the capital market has brightened and year-end business was significantly better than in the previous year.