Linedata Services S.A. Announces Earnings Results for the Year 2017; Provides Earnings Guidance for the Year 2018; Proposes Dividend
Linedata announced earnings results for the year 2017. For the year, the company generated revenues of 179.0 million, up 7.3% compared to 2016. On a like-for-like basis, business is down 5.2% compared to 2016. Group EBIDTA was 43.5 million (24.3% of revenues). Operating profit was 30.2 million, down 22.8% on 2016. This reflects the rise in depreciation charges following the acquisitions made during the year and the rise in depreciation charges on capitalized R&D. The financial loss was 7.9 million, compared with 3.2 million in the previous year, as a result of the negative impact of variations in the euro/dollar exchange rate on intercompany loans and current accounts and the rise in interest on debt linked to the growth in average outstanding credit balances. Net profit was 19.8 million, compared with 23.6 million in 2016. Net earnings per share were 2.75 in 2017 compared with 3.27 in 2016.
The company is confirming its confidence in its continued growth in 2018.
The company announced dividend of 1.35 per share will be proposed at the next Shareholder's Meeting.