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JDC Group AG confirms preliminary figures for 2023

EQS-News: JDC Group AG / Key word(s): Annual Report JDC Group AG confirms preliminary figures for 2023 28.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. JDC Group AG confirms preliminary figures for 2023

• Revenues in 2023 grow by 10 percent to EUR 171.7 million
• EBITDA increases by around 31% to EUR 11.7 million after EUR 9.0 million in the previous year
• Significant revenue and earnings growth expected for 2024

 

JDC Group AG (ISIN DE000A0B9N37) has published its financial figures for 2023, confirming the preliminary figures published on March 8.

Group revenues increased significantly by 10% to EUR 171.7 million in 2023 (2022: EUR 156.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by around 31% to EUR 11.7 million (2022: EUR 9.0 million). Earnings before interest and taxes (EBIT) doubled to EUR 5.8 million (2022: EUR 2.9 million).

In the very strong platform business (Advisortech segment), revenues increased by 13.5% to EUR 150.8 million (previous year: EUR 132.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew to EUR 11.9 million (2022: EUR 9.5 million). Earnings before interest and taxes (EBIT) also improved significantly to EUR 7.6 million (2022: EUR 5.0 million).

Although the Advisory division had a very good fourth quarter, it was unable to match the previous year's revenues due to the previous quarters. Revenues for the year as a whole fell by around 4% to EUR 33.2 million. In contrast, EBITDA for the year as a whole rose encouragingly to EUR 3.1 million after EUR 2.6 million in the previous year. EBIT also rose to EUR 1.9 million (previous year: EUR 1.3 million).

The key financial figures for 2023 developed as follows:

Overview
in kEUR			Changes	Changes
	2023	2022	to previous year	to previous year
	kEUR	kEUR	in %	kEUR
Revenues	171,714	156,080	10.0%	15,634
- Advisortech	150,850	132,854	13.5%	17,996
- Advisory	33,220	34,720	-4.3%	-1,500
- Holding/consolidation	-12,357	-11,494	-7.5%	-863
EBITDA	11,726	8,966	30.8%	2,760
EBIT	5,839	2,914	>100%	2,925
EBT	3,777	1,102	>100%	2,675
Group result	3,832	939	>100%	2,893