Linedata Services: Turnover for the first half of 2024: €89.7 million (+2.5%)

Linedata Services announced a turnover of 89.7 million euros for the first half of 2024, up 2.5% compared to the same period in 2023. Organic growth, at constant scope and exchange rates , is 2.1%.

The recurring share of turnover increased by 4.1% to reach 70.8 million euros, representing 79% of the total. Order intake is also up sharply, with an increase of 22.6% to 42.1 million euros.

The Asset Management segment showed stability with a turnover of 59.5 million euros, despite a slight decrease of 0.1%. On the other hand, the Lending & Leasing segment showed sustained growth of 8.1%, reaching 30.2 million euros.

Linedata also announced the appointment of Sébastien Chavigny as the group's new Administrative and Financial Director. He brings extensive experience in finance, acquired notably at Schlumberger and Quadient.

Finally, Linedata anticipates stable operational profitability for the first half of 2024 compared to the previous year. Full results will be released on September 12, 2024.