Modest Growth in Linedata's Revenue in the 3rd Quarter of 2024

Linedata, a player in the field of solutions for asset management, insurance and credit, reports revenues of 134.6 million euros for the first nine months of 2024. This represents an increase of 2.0% compared to the same period in 2023. At constant exchange rates, organic growth reaches 1.5%.

The Asset Management segment saw its revenue grow by 1.0%, supported by a notable increase of 3.2% in the third quarter of 2024. On the other hand, Services recorded a decline of 7.9%, impacted by the slowdown in advisory activities. For Lending & Leasing, despite a decline of 4.4% in the third quarter, overall revenue increased by 3.9% over nine months.