JDC Group Achieves Record Quarterly Revenues Over EUR 50 Million

JDC Group AG reported a significant increase in revenue for the first quarter of 2024, surpassing EUR 50 million for the first time, marking a 21.6% year-on-year growth. Key earnings metrics also showed robust gains, with EBITDA climbing approximately 28% to EUR 4.1 million, and EBIT up by 40% at EUR 2.5 million. Both the Advisortech and Advisory business units contributed to these positive outcomes.

A surge in new business orders and portfolio transfers underlined the quarter's performance, with new orders expanding over 13% and portfolio transfers jumping by 58%. Notably, motor vehicle and life insurance applications grew by more than 60% and 25%, respectively. The Advisortech segment alone boosted its revenue by 22.6% to EUR 48.3 million.

Dr. Sebastian Grabmaier, CEO of JDC Group AG, expressed optimism for continued growth across the board, particularly anticipating significant opportunities in real estate and investment sectors in forthcoming quarters. The company expects revenue to reach between EUR 205 million and EUR 220 million for the full year 2024, with projected EBITDA ranging from EUR 14.5 million to EUR 16.0 million.