DGAP-News
JDC Group AG: JDC grows by 24.5 percent in the third quarter
DGAP-News: JDC Group AG / Key word(s): 9 Month figures JDC grows by 24.5 percent in the third quarter |
- JDC Group revenue increases by 24.5 percent to EUR 34.4 million in the third quarter of 2021, with nine-month revenue up by 19 percent at EUR 103.1 million.
- Third-quarter EBITDA up by 79 percent at EUR 1.0 million, while nine-month EBITDA increases by roughly 45 percent to EUR 5.3 million
JDC Group AG (ISIN DE000A0B9N37) figures for the first nine months of 2021 published today show a further acceleration in its growth accompanied by a significant increase in revenue and profit.
Revenue increased by 19 percent to EUR 103.1 million in the first nine months of 2021 (first nine months of 2020: EUR 86.5 million). In the third quarter, revenue was up by almost 25 percent at EUR 34.4 million.
In the Advisortech segment, revenue grew by almost 26 percent to EUR 27.9 million in the third quarter of 2021, and by around 18 percent to EUR 84.3 million in the first nine months of the year. In the Advisory segment, third-quarter revenue was up by around 22 percent at EUR 8.9 million, while the revenue for the first nine months increased by almost 23 percent to EUR 26.2 million.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first nine months stood at EUR 5.3 million, up by around 45 percent (first nine months of 2020: EUR 3.7 million). Third-quarter EBITDA jumped by around 79 percent to EUR 1.0 million (third quarter of 2020: EUR 0.6 million).
Earnings before interest and tax (EBIT) over the first nine months of 2021 increased multiply to EUR 1.5 million (first nine months of 2020: EUR 0.3 million). The consolidated profit for the first nine months improved to EUR 0.2 million, in comparison with EUR -0.9 million in the same period of 2020.
The Group's operating performance also remains positive: in the third quarter JDC Group AG agreed on a wide-ranging collaboration with Germany's largest public insurance company, Versicherungskammer (VKB), in connection with S-Versicherungsmanager. As in the collaboration with Provinzial Holding, JDC will provide technical services and processing/settlement services for the third-party insurance business of the affiliated savings banks.