16.11.2020 JDC Group AG  DE000A0B9N37

DGAP-News: JDC Group AG: Continued revenue growth despite COVID-19 crisis


DGAP-News: JDC Group AG / Key word(s): 9 Month figures
JDC Group AG: Continued revenue growth despite COVID-19 crisis

16.11.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

JDC Group AG: Continued revenue growth despite COVID-19 crisis

- Revenues increase by around 9 percent to EUR 86.5 million in the first nine months of 2020

- EBITDA up by roughly 4 percent in the first nine months, at EUR 3.7 million

- Effects of COVID-19 crisis noticeable, particularly in the property business and in occupational pensions

Figures on the performance of JDC Group AG (ISIN DE000A0B9N37) published today show that the group is continuing to grow in spite of the coronavirus crisis.

Revenues for the first nine months are up by around 9 percent, at EUR 86.5 million (first nine months of 2019: EUR 79.6 million). Revenues for the third quarter increased by 2 percent to EUR 27.7 million (third quarter 2019: EUR 27.0 million).

Revenues in the Advisortech segment rose by roughly 8 percent to EUR 71.7 million. The revenues of the Advisory segment for the first nine months of 2020 are up by around 10 percent and stand at EUR 21.3 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 4 percent to EUR 3.7 million (first nine months of 2019: EUR 3.6 million). In the third quarter on its own, EBITDA was down slightly at EUR 0.6 million (third quarter 2019: EUR 0.7 million) due to COVID-19 related costs (smaller contract cancellations and slightly higher IT costs).

Overall, JDC Group is continuing to navigate its way through the crisis well: in the third quarter, the number of new business applications, and consequently sales of financial products, again exceeded the figures for the same quarter of the previous year, although the increase was not quite as large as in the first half of the year. The initiation of new business relationships has been complicated by the extensive social distancing measures, with the suspension of many social activities and the shutdown of many businesses in the second quarter. The impact of this is making itself felt in the business performance: long hold-ups in the financing and mortgage sector are being caused by the coronavirus pandemic, and the property business is lagging further behind as a result. Corporate retirement plans have not yet regained momentum either, owing to the continuing restrictions on visitors to almost all businesses. The strong investment and non-life insurance business compensated for this again in the third quarter, so that even in the traditionally weakest quarter of the year there was a two percent increase in revenues.

The rapid growth in the number of contracts transferred to our insurance platform in the first half of the year continued in the third quarter. However, the contribution from these contracts will only be seen in the platform's revenues and income in the coming months.

Commenting on the third-quarter figures, JDC Group CFO Ralph Konrad said: 'We are very encouraged by the results for the first nine months. The third quarter is normally the worst quarter of the year in our sector, owing to the summer break. The fact that we managed to grow our revenues despite the continuing COVID-19 crisis shows that the group is continuing to perform positively.'

CEO Dr Sebastian Grabmaier added: 'Our first bancassurance solution for a savings bank, s mobile Versicherungsmakler GmbH, has successfully gone live. With two pilot projects involving other key accounts, we expect to be able to sign further contracts before the end of the year. Although the current lockdown measures could show some effect on our year-end business, based on the actual new business figures, we are very positive about the fourth quarter of the current year and the year 2021.'

The key figures for the third quarter and the first nine months of 2020 are as follows:

(in kEUR) Q3 2020 Q3 2019 Change YTD 2020 YTD 2019 Change
Umsatzerlöse 27,662 27,037 2% 86,482 79,550 9%
- davon Advisortech 22,138 22,134 0% 71,703 66,538 8%
- davon Advisory 7,292 6,428 13% 21,290 19,287 10%
- davon Holding/Kons. -1,768 -1,524 -16% -6,511 -6,275 -4%
EBITDA 563 701 -20% 3,697 3,563 4%
EBITA -258 26 >-100% 1,499 1,514 -1%
EBIT -661 -415 -59% 286 403 -29%

Our previous guidance for consolidated revenues of between EUR 125 million and EUR 132 million with a continued increase in EBITDA was always based on the absence of further lockdowns in Germany or Austria. Owing to the renewed lockdown measures, in the middle of the year-end business that is so important for the distribution sector, we are adjusting our guidance slightly. We now expect revenues of between EUR 120 million and EUR 125 million, and we still anticipate a further increase in EBITDA.

The shareholders' letter for the third quarter and the first nine months of 2020 can be found, along with further information on JDC Group AG, at www.jdcgroup.de.

About JDC Group AG
JDC Group AG (ISIN: DE000A0B9N37) stands for modern financial advice and intelligent financial technology for advisors and customers. In the "Advisortech" business unit, via our subsidiary Jung, DMS & Cie., we provide our customers and advisors with modern advisory and administration technology. While many sales and distribution partners perceive the technological transformation as a problem and the young Fintech companies as the new competitors, we perceive the "technology" factor to be a great opportunity. Solutions from the "Advisortech" business unit help advisors, brokers, banks and other intermediaries to take even better care of their customers and generate increased sales in their earnings. In the "Advisory" segment, we procure financial products for private end customers via free advisors using the FiNUM Group. With over 16,000 connected sales partners we are one of the market leaders in the German-speaking region.

The Directors of JDC Group AG hold a participating interest in JDC Group AG and have a self-interest in the nature and content of the information provided in this release.



JDC Group AG

Ralf Funke
Investor Relations
Phone: +49 611 335322-00
Email: [email protected]

16.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: JDC Group AG
Söhnleinstraße 8
65201 Wiesbaden
Phone: +49 (0) 611 335322-00
Fax: +49 (0) 611 335322-09
E-mail: [email protected]
Internet: http://www.jdcgroup.de
ISIN: DE000A0B9N37
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1148238

End of News DGAP News Service

1148238  16.11.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 78,05 84,48 95,03 111,47 122,83 146,81 162,00
EBITDA1,2 2,72 3,19 1,46 4,17 5,13 8,31 8,85
EBITDA-Marge3 3,48 3,78 1,54 3,74 4,18 5,66 5,46
EBIT1,4 0,23 0,20 -1,70 -0,15 0,50 2,91 2,85
EBIT-Marge5 0,29 0,24 -1,79 -0,14 0,41 1,98 1,76
Jahresüberschuss1 -1,21 -0,17 -4,34 -1,81 -1,16 0,90 1,50
Netto-Marge6 -1,55 -0,20 -4,57 -1,62 -0,94 0,61 0,93
Cashflow1,7 1,22 3,21 1,57 3,85 8,87 14,86 8,50
Ergebnis je Aktie8 -0,11 -0,14 -0,35 -0,14 -0,09 0,07 0,11
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Dr. Merschmeier + Partner

JDC Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0B9N3 17,700 Kaufen 241,93
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
28,10 39,33 0,71 -113,46
6,23 16,29 1,65 28,95
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,00 0,00 0,00 27.07.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2023 10.08.2023 15.11.2022 31.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,61% -0,85% 5,67% -22,37%
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Finanzdienstleistungen , A0B9N3 , A8A , XETR:A8A