on LINEDATA SERVICES (EPA:LIN)
Linedata Services Announces Stable 2024 Revenue at €183.7 Million
Linedata Services reported a modest increase in its 2024 revenue, reaching €183.7 million, marking a slight 0.2% growth compared to 2023. Despite an overall stability in total revenue, the company observed variation across its segments.
The Lending & Leasing segment experienced a 3.0% growth, contributing €63.0 million to the total revenue. Conversely, the Asset Management segment saw a decrease in revenue by 1.2%, settling at €120.7 million, primarily due to a slump in its Services division.
Recurring revenue accounted for 75% of the total, standing steady at €137.5 million, while bookings in 2024 increased by 4.4% to €78.9 million. Asset Management bookings, however, dipped by 12.0% to €37.8 million.
Looking ahead, Linedata anticipates its operating profitability in 2024 will be close to the previous year. Detailed financial results for 2024 will be available on February 13, 2025.
R. P.
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