EQS-News

JDC with quarterly revenues of over EUR 50 million for the first time - clearly positive development in the investment and insurance business

EQS-News: JDC Group AG / Key word(s): Quarterly / Interim Statement JDC with quarterly revenues of over EUR 50 million for the first time - clearly positive development in the investment and insurance business 13.05.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. JDC with quarterly revenues of over EUR 50 million for the first time - clearly positive development in the investment and insurance business

• JDC Group's revenues increased in the first three months of 2024 by around 22 percent year-on-year to EUR 53.3 million
• At EUR 4.1 million, EBITDA is around 28 percent higher than in the same quarter of the previous year; EBIT rises by around 40 percent to EUR 2.5 million
• New business orders grow by more than 13 percent; number of portfolio transfers even increases by around 58 percent

 

JDC Group AG (ISIN DE000A0B9N37) shows significant revenue and earnings growth with the figures published today for the first quarter of 2024. Group revenues grew by 21.6 percent to EUR 53.3 million in the first three months of 2024 compared to the same quarter of the previous year. Quarterly revenues also significantly exceeded the revenues of the fourth quarter of 2023 and exceeded the EUR 50 million mark for a quarter for the first time.

In addition to the continued strong insurance business, the reinvigorated investment and financing business in particular is contributing to revenue growth and the real estate and investment business is also picking up again. The key figures for the Group's business development are therefore all positive: the number of new orders rose by around 13 percent and the number of portfolio transfers initiated even increased by around 58 percent. New business in the life and motor vehicle insurance products developed particularly positively: The motor vehicle insurance product group impressed with application growth of over 60 percent and life insurance with application growth of around 25 percent compared to the same quarter of the previous year. The insurance premiums managed in the portfolio thus amounted to over EUR 1.2 billion for the first time.