Linedata: 31% drop in half-year net profit – 09/14/2023 at 1:25 p.m.


(CercleFinance.com) – Linedata publishes a net result of 8.5 million euros for the first six months of 2023, compared to 12.3 million a year earlier, and an EBITDA margin down 3.2 points at 24.2%, for a turnover of 87.5 million, an increase of 5.5%.

At constant scope and exchange rates, growth reached 3.9% (compared to +1.9% for 2022), with the good direction of asset management service businesses, as well as the continuation of migration projects on new software platforms.

Linedata anticipates continued organic growth of its business and an improvement in its profitability in the second half. Furthermore, he announced the appointment of Shabrina Jiva as director of human resources.



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