JDC Group AG
JDC Group Annual Report Confirms Preliminary Figures
DGAP-News: JDC Group AG / Key word(s): Final Results – Revenue increases after record final quarter to EUR 78.1 million The JDC Group AG (ISIN DE000A0B9N37) confirmed their preliminary results from March 3rd for the 2016 financial year in their official annual financial report released today. After finishing the fourth quarter with record sales and revenue, the available key figures also emphasize that the JDC Group has sustainably returned to growth. Revenue rose slightly on an annual basis by 3.1 % to EUR 78.1 million (2015: EUR 75.7 million). The Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was EUR 2.7 million despite high transaction costs for portfolio acquisitions and other one-time expenses (approx. EUR 0.5 million) to 112.7% over the previous year (2015: EUR 1.3 million). The EBITDA margin also increased from 1.7% to 3.5%. Earnings Before Interest and Tax (EBIT) of EUR 0.2 million were also positive (2015: negative EUR 0.3 million). The reasons include increased depreciation from investments in the acquired insurance portfolios and the Group’s digitalization strategy. “Our extensive investment in the future of our company, particularly in asset purchases and our digital insurance app allesmeins, contrast materially with the revenue in the fourth quarter, which clearly illustrated the financial success of our strategy,” explains Ralph Konrad, CFO of the JDC Group. “The positive trend has continued into 2017, as the figures illustrate.” The company’s new operational strength was also supported by the performance of additional key figures for the 2016 financial year. The operating cash flow increased to EUR 1.2 million (2015: EUR -647 million). Equity capital increased by 20.4% to EUR 29.7 million (2015: EUR 24.7 million). The equity ratio increased to 40.7% at the end of the year compared to 37.5% in the previous year. The key driver in this development was the Advisortech business, where the company has made extensive purchases of insurance portfolios since mid 2016. In the process, the JDC Group acquired highly profitable insurance portfolios. The Advisory business, which forms the classic sales channel for the JDC Group, performed very well towards the end of the year. The key business performance figures were as follows:
In 2017, the JDG Group is planning to move forward with their digitalization and transformation of the company from a classic broker pool to a leading digital manager of insurance pools and financial assets. Earnings from insurance portfolios acquired over the past year will be included in the financial figures for an entire twelve month period for the first time. At the same time, the transaction costs from the acquisitions weighing on the 2016 earnings with extraordinary effects will no longer apply. Against the background of gaining several large broker customers and a very good operational start in the year 2017, the JDC Group Executive Board forecasts that the revenue and earnings performance will remain positive. In 2017, the company expects further sales increases of EUR 85.0 million to EUR 95.0 million as well as a doubling of EBITDA from EUR 5.0 million to EUR 6.0 million. You can find more information on JDC Group AG at www.jdcgroup.de. Contact Ingo Middelmenne About JDC Group AG Disclaimer:
27.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | JDC Group AG |
Kormoranweg 1 | |
65201 Wiesbaden | |
Germany | |
Phone: | +49 (0) 611 890 575-0 |
Fax: | +49 (0) 611 890 575-99 |
E-mail: | info@jdcgroup.de |
Internet: | http://www.jdcgroup.de |
ISIN: | DE000A0B9N37 |
WKN: | A0B9N3 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |