LINEDATA SERVICES

2019 Annual Results: Operating Income up +3.9%

2019 Annual Results:
Operating Income up +3.9%

	2018	2019	Change
REVENUE	173.2	169.7	-2.1%
EBITDA % of turnover	44.0 25.4%	46.6 27.5%	+6.1%
OPERATING INCOME % of turnover	28.6 16.5%	29.8 17.6%	+3.9%
NET INCOME % of turnover	19.7 11.3%	17.5 10.3%	-11.4%

                                                                                                                                                                  Rounded, audited figures

Neuilly-sur-Seine, 19 February 2020 – Linedata (LIN:FP), a provider of global solutions and outsourcing services for the asset management, insurance, and lending industries, has announced its 2019 annual results, which show an increase in operating income driven by the momentum of its software activities.

The Group’s revenues were €169.7 M in 2019, a 2.1% decrease from 2018. Excluding the non-recurring effect of the BOT activity in Asset Management, the Group posted pro-forma* growth of 1.8%.

Linedata accelerated its strategic R&D investments in 2019 with the continuing development of its new AMP platform and the preparation of the latest, fullycloud-based version of Linedata Capitalstream.

EBITDA margin	2018	2019
Asset Management	23.1%	25.6%
Lending & Leasing	27.5%	28.5%
Other activities	51.7%	55.3%
Total	25.4%	27.5%

                                                                                                                                                                                                                                                                                    *2018 pro-forma turnover excludes the BOT (Build Operate Transfer) activity of Gravitas for which the last client was subject to reversibility at the end of 2018.