Linedata Services: First-half 2021 revenues: €75.9m

Linedata Services
Linedata Services: First-half 2021 revenues: €75.9m

27-Jul-2021 / 17:45 CET/CEST
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 First-half 2021 revenues: €75.9m

Rounded, unaudited figures

Neuilly-sur-Seine, 27 July 2021 - Linedata (LIN:FP), the global solutions and outsourcing services provider for the asset management, insurance and credit industries, recorded revenues of €75.9 million for the first half of 2021, posting slight organic growth of 0.7% compared with the first half of 2020. After a first quarter that saw a slight decline in revenue on a like-for-like basis (-1.7%), the second quarter realised an increase of 3.1% driven by a sharp upturn in the Lending & Leasing business.

On a reported basis, revenue was down 3.3% due to particularly unfavourable exchange rate effects over the period.

The recurring share of revenues in the first half of 2021 stood at 80% and totalled €61 million.

For the first six months of the year, new orders amounted to €32.7 million, up 23.2% compared with the first half of 2020.

Performance analysis by segment: