JDC Group AG Announces 30% EBITDA Increase and Double-Digit Revenue Growth for 2023

JDC Group AG, a leading financial services provider, reported an impressive EBITDA increase of approximately 30% and a revenue growth of over 10% for the fiscal year 2023, according to preliminary results. The company’s fourth quarter notably achieved a record EBITDA of EUR 5 million, marking the first time it has reached this milestone within a quarter. Furthermore, Q4 revenues surged by more than 20% to a record EUR 48.8 million.

The robust fourth-quarter performance propelled the full-year revenues to around EUR 171.7 million and EBITDA to EUR 11.7 million. Earnings before interest and taxes (EBIT) also saw a significant jump, doubling compared to the previous year.

Management has set ambitious targets for 2024, forecasting an increase in turnover of over 20% and an EBITDA surge of more than 30%. The successful acquisition of the Top Ten Group and the optimistic outlook on the capital markets have laid the foundation for this growth.

JDC Group credits its Advisortech segment for accelerating growth, with a near 22% increase in Q4 revenue. Despite a challenging environment, the Advisory segment managed positive EBITDA growth. The company’s focus on stringent cost management and revenue enhancement across its segments underpins these results.

Looking forward, JDC Group is optimistic for 2024, expecting to witness a revival in the real estate and financing sectors, additional growth in the insurance business, and a notable increase in investment sector activity. The finalized figures for 2023 will be released on March 28, 2024.