Edison Investment Research - JDC Group AG (JDC) JDC Group - White label solutions attract new clients

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Edison Investment Research

Milosz Papst

JDC Group - White label solutions attract new clients

JDC Groupâ€™s digitalisation strategy is increasingly bearing fruit, as highlighted by the recent significant new contracts and the entry of a well-known financial services player into JDCâ€™s shareholder base as the largest investor. However, to accommodate the new clients, JDC had to make additional investments in FY18, which had a negative effect on group EBITDA and delayed the timing of breaking even at the net income level beyond FY18. However, the enlarged client base should help to improve revenue and earnings in FY19.

09/05/2019 5 EN

Underlying

JDC Group AG

JDC Group AG. JDC Group AG, formerly Aragon AG, is a Germany-based financial services company that offers brokerage financial products and consultancy services. The Company's business is divided into two business segments: Advisory and AdvisorTech. The Advisory segment provides financial products of its subsidiaries Jung, DMS & Cie. and FiNUM to end customers via independent consultants, brokers and financial service providers. In addition, this segment also operates a managed portfolio of investment funds, closed-end funds, certificates, insurance policies and other financial products. The AdvisorTech segment provides information technology (IT) and management consulting services. The Company is active in Germany and Austria. JDC Group AG operates Jung, DMS & Cie, FiNUM. Private Finance AG (Austria), FiNUM Private Finance AG (Germany) and FiNUM. Finanzhaus AG as subsidiaries.

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DE000A0B9N37 Germany

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Milosz Papst

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JDC Group - White label solutions attract new clients

Acquisition of FMK Group accelerates scaling and creates mutual synergies

Übernahme der FMK-Gruppe beschleunigt Skalierung und schafft wechselseitige Synergien

JDC posts another record quarter

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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