Filings/JDC/INTERIM

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KPIsSections6

Income flow

Headline metrics
Revenue — GREEN€52.5M+18.1% YoY
Net income — GREEN€145,000+169.0% YoY
Net margin — GREEN0.3%
Operating margin — GREEN0.4%
Income Statement
Income Statement
MetricValueFlag
Net Income€145,000GREEN
Net Margin0.3%GREEN
Operating Income€206,000GREEN
Operating Margin0.4%GREEN
Revenue€52.5MGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash & Equivalents€5.5MGREEN
Total Assets€83.4MGREEN
Total Equity€33.5MGREEN
Total Liabilities€49.9MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating Cash Flow€491,000GREEN

Sections in this filing

Letter to Shareholders

letter to shareholders DEAR SHAREHOLDERS, DEAR BUSINESS PARTNERS, We are happy to be able to report to you that during the first half of 2019 JDC Group AG was once again able to significantly increase revenues and operating profit compared to the previous year. Revenues increased by roughly 18 percent in the first half of 2019. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also rose by 18 per cent and earnings before interest and taxes (EBIT) rose by around 20 percent compared to the previous year. Results for the 1st half and the 2nd quarter of 2019 JDC Group AG again significantly outperformed the first half of the previous year in terms of revenues and earnings. Revenues in the first half of the year saw an encouraging rise of 18 percent to 52.5 million Euro (H1 2018: 44.5 million Euro). Quarterly revenues in the second quarter, which is normally a weak quarter in the broker market, rose by around 17 percent to 25.7 million Euro (Q2 2018: 22.0 million Euro) and were therefore atypically only slightly below the level of the first quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by around 18 percent to 2.4 million Euro in the first half of the year (H1 2018: 2.0 million Euro). At kEUR 838, EBITDA for the second quarter was even around 57 percent above the level of the same quarter of the previous year and within plan despite increased personnel costs and IT costs in anticipation of the acquired large projects (Q2 2018: kEUR 534). During the course of the year, we expect to see further growth and additional improvements in income as a result of additional expenditures invested for new key accounts. Despite slightly negative earnings before interest and taxes (EBIT) in the second quarter (EBIT: kEUR –22 compared to kEUR –167 in the same quarter of the previous year), EBIT rose significantly in the first half to kEUR 781, which corresponds roughly to an increase of 20 percent. (H1 2018: kEUR 653). At kEUR 206, consolidated earnings before taxes (EBT) were therefore also significantly above the previous year (H1 2018: kEUR 70). JDC Group AG also developed positively in terms of relevant key financial data: As at 30 June 2019, equity capital stood at 33.5 million Euro. The equity capital ratio therefore stood at 40.1 percent (31 December 2018: 33.3 million Euro and 39.0 percent). 6 JDC GROUP | In