EQS-News

JDC with quarterly revenues of over EUR 50 million for the first time - clearly positive development in the investment and insurance business - Seite 2

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by around 28 percent to EUR 4.1 million in the first three months of 2024 (Q1 2023: EUR 3.2 million). Earnings before interest and taxes (EBIT) for the first three months of 2024 rose by around 40 percent to EUR 2.5 million (Q1 2023: EUR 1.8 million). Consolidated net income improved significantly to EUR 2.1 million in the first quarter after EUR 1.4 million in the same period of the previous year.

Both business segments - Advisortech and Advisory – were able to benefit from this development.

The Advisortech segment increased its revenue by 22.6 percent to EUR 48.3 million in the first three months of 2024 (Q1 2023: EUR 39.4 million). Compared to the strong previous quarter of Q4 2023, this represents further growth of 13.9 percent (Q4 2023: EUR 42.4 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by around 27.9 percent to EUR 4.2 million in the first three months of 2024, significantly exceeding the previous year's figure of EUR 3.3 million. Earnings before interest and taxes (EBIT) also rose by around 32 percent to EUR 3.0 million in the first three months of 2024 (Q1 2023: EUR 2.3 million).

In the Advisory segment, revenues also increased in the first three months of 2024 compared to the same period of the previous year. They rose by around 7 percent to EUR 8.7 million (Q1 2023: EUR 8.2 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) in the Advisory segment rose slightly by more than 10 percent to EUR 0.7 million in the first three months (Q1 2023: EUR 0.6 million). Earnings before interest and taxes (EBIT) rose by around 26 percent to EUR 0.4 million in the first three months of 2024 (Q1 2023: EUR 0.3 million).

"The first quarter was very convincing. Never before have we started a year so strongly. All KPIs are pointing in the right direction and despite significant investments in Summitas and our share buyback program, we are seeing a very positive development in our liquidity. We look forward to continuing like this!" says Ralph Konrad, CFO of JDC Group AG.