Linedata Services (LIN) H2 2024 earnings summary

Executive summary

• 2024 revenue stable at €183.7m, up 0.2% year-over-year after three years of 4.5% average growth.

• EBITDA margin improved to 29.6% of revenue, reflecting a favorable product mix and recurring business.

• Net income rose 10.3% to €28.1m, with net margin at 15.3%.

• Board proposes €1.75 per share dividend at next AGM.

Financial highlights

• EBITDA increased 1.8% to €54.3m; operating income up 5.4% to €39.9m.

• Net earnings per share reached €5.69, up from €5.14 in 2023.

• Financial income improved by €1.9m, mainly due to lower net financial debt costs and FX gains.

Outlook and guidance

• Asset Management Services division expected to return to growth in 2025, supporting consolidated revenue.

• Next update scheduled for Q1 2025 revenue on April 24, 2025.