LINEDATA SERVICES 
By | € millions - IFRS | Q1 2013 | Q1 2014 | Change | Like-for-like change at constant exchange rates* |
| Southern Europe | 16.6 | 14.5 | -12.6% | -12.6% |
| Northern Europe | 6.5 | 6.7 | +3.4% | +1.0% |
| North America | 10.4 | 14.9 | +43.7% | -1.6% |
| Asia | 0.8 | 0.7 | -3.3% | +0.4% |
| Total | 34.2 | 36.9 | +7.8% | -6.4% |
Rounded, unaudited figures
* Includes CapitalStream activity from 22 March 2013
Neuilly-sur-Seine, 24 April 2014: Linedata (LIN:FP), the global solutions provider dedicated to the investment management and credit finance industries, recorded revenues of €36.9 million in the first quarter of 2014; a 7.8% increase on the first quarter of 2013. At constant exchange rates and on a like-for-like basis, revenues were down 6.4%.
Recurring revenues decreased by €0.5 million in the first quarter of 2014 compared to that of 2013. Recurring revenues totalled €26.2 million, decreasing from 78% of first quarter revenues for 2013 to 71% for 2014.
In the first quarter of 2014, booking were €13.3 million, down 22.7% compared to the first quarter of 2013.
Performance analysis by region:
SOUTHERN EUROPE (Q1: €14.5 million, -12.6%)
In Southern Europe, revenues fell by 12.6% in the first quarter of 2014 compared with the same period in 2013. The biggest impact was on Employee Savings, which saw a €1.3 million decrease in revenues due to the loss of a major client in 2013.
NORTHERN EUROPE (Q1: €6.7 million, +3.4%)
In the first quarter of 2014, revenues for Northern Europe rose by 3.4%. At constant exchange rates, this was an increase of 1.0%.
NORTH AMERICA (Q1: €14.9 million, +43.7%)
Revenues in North America increased by 43.7% thanks to the contribution of CapitalStream (acquired on 22 March 2013) for the full 1st quarter in 2014. This increase in business scope for North America represents a net contribution of €5.1 million to the region's revenues.
ASIA (Q1: €0.7 million, -3.3%)
In the first quarter of 2014, the Group recorded revenues of €0.7 million, similar to those recorded in the first quarter of 2013. At constant exchange rates, revenues are up 0.4%.
Outlook:
Linedata anticipates that revenues for the first half of 2014 will remain at the same level as those of 2013 due to the decrease in order intakes recorded at the beginning of the year and the negative effect of the expected decrease of business in Savings and Insurance.
Next communication: publication of revenues for the 2nd quarter 2014, on 29 July 2014, after close of trading.
ABOUT LINEDATA
Linedata is a global solutions provider dedicated to the investment management and credit communities, with close to 1000 employees in 16 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. Headquartered in France, Linedata achieved revenues of EUR 160.3 million in 2013. This company is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.LN - Bloomberg LIN:FP.
For further information, please contact:
| Linedata Finance Department +33 (0)1 47 77 68 39 infofinances@linedata.com www.linedata.com | Cap Value Financial communication Gilles Broquelet +33 (0)1 80 81 50 00 info@capvalue.fr www.capvalue.fr |
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Source: LINEDATA SERVICES via Globenewswire
