DGAP-News

JDC Group AG: JDC grows by 24.5 percent in the third quarter - Seite 2

To safeguard the long-term collaboration, Versicherungskammer has acquired a strategic shareholding in JDC Group AG, which demonstrates the seriousness of this groundbreaking collaboration for JDC Group. The participation has generated an additional EUR 10.6 million in equity for JDC Group AG.

This gives JDC Group AG access to the third-party insurance business of up to 200 savings banks with huge business potential in the business region of Provinzial and of Versicherungskammer.

Commenting on the nine-month figures, JDC Group's CFO/COO Ralph Konrad said: 'We are very happy with the Group's performance in the first nine months - especially as the new major collaborations involving the savings banks and S-Versicherungsmanager have not yet generated any commission revenue at all. In fact, in the first nine months we recorded extraordinary expenses of around EUR 350,000 for large-scale projects and acquisitions, which would make the pro-forma figures even better. This is very positive.'

Dr Sebastian Grabmaier, JDC Group CEO, added: 'Our revenue growth accelerated further in the third quarter to a very positive 24.5 percent - well above the market growth rate. Our platform services are evidently being well received, and we are able to bundle increasing numbers of contracts on our platform. The acquisition of a strategic shareholding by Germany's largest public insurance company, Versicherungskammer, shows clearly that we have become firmly established as a platform in the savings bank sector. Against this backdrop, JDC will continue to perform very positively in the future.'

The key figures for the third quarter and the first nine months of 2021 are as follows:

At a glance
in kEUR
			Q3 2021	Q3 2020	Change	9M 2021	9M 2020	Change
			kEUR	kEUR	in %	kEUR	kEUR	in %
Revenue			34.440	27.662	24,5%	103.051	86.482	19,2%
thereof Advisortech			27.879	22.138	25,9%	84.328	71.703	17,6%
thereof Advisory			8.885	7.292	21,8%	26.176	21.290	22,9%
thereof Holding / Konso			-2.324	-1.768	-31,4%	-7.453	-6.511	-14,5%
EBITDA			1.006	563	78,7%	5.349	3.697	44,7%
EBIT			-371	-661	43,9%	1.543	286	>100%
EBT			-749	-1.052	28,8%	425	-832	>100%
Net profit			-792	-1.047	24,4%	188	-857	>100%

 

For the financial year 2021, we confirm our positive assessment and continue to expect revenue of EUR 140 to 145 million and EBITDA of more than EUR 8 million.