First Quarter 2005: Confirmation of dynamic growth:
10 May 2005
Linedata Services recorded sales of EUR 28.1 million in the first quarter of 2005, up 8.0%, and 9.3% at constant exchange rates. This growth, which was entirely organic, continues the strong performance seen in the second half of 2004, and is in line with the Group’s development plan.
Asset Management continued the excellent performance posted in the second half of 2004 and remained the Group’s principal growth business. With activity increasing by 14.4% (16.9% at constant exchange rates), the business unit continued to make new market gains, mainly in the US and UK. The dynamic commercial performance which took off in mid-2004 looks set to continue over the coming months.
In Savings & Insurance, growth came out at close to 2%. Linedata Services is profiting from the gradual recovery in employee share ownership schemes, and capitalizing on its existing customer base. In line with its plans a major R&D program was launched that is designed to strengthen its offering, thus paving the way for future growth in this area.
In Leasing & Credit Finance, Linedata Services posted sales of EUR 5.3 million, an increase of 1.2%. The Group is continuing to assist its clients in their international expansion, and plans to conclude negotiations in several areas in the second quarter.
On the back of this strong first quarter performance, Linedata Services is maintaining its objective of 5% organic growth in 2005, and expects its operating margin to rise to 17% of sales over the year.
Linedata Services will publish its sales figures for the first half of 2005 at the close of trading on July 26th 2005
About Linedata Services
Linedata Services is a major global player in financial IT solutions that specializes in Asset Management, Savings & Insurance and Leasing & Credit Finance. As a software and services provider and solutions integrator, Linedata Services offers global solutions that are tailored to the world of finance. Linedata Services recorded sales of EUR 113.1 million in 2004, an increase of 12.7%, and is listed on Eurolist Compartment B.
For more information visit our website at www.linedata.com.
If you would like to receive financial information on Linedata Services by e-mail, please contact www.kaparcafinance.com
ISIN: FR0004156297-LIN
Reuters: LDSV.LN
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