Linedata Services: Q1 2025 Revenue Stability Amid Mixed Segment Performance

In the first quarter of 2025, Linedata Services reported steady revenue of €44.0 million, marking a subtle 0.2% increase from the same period in 2024. The company experienced varied outcomes across its sectors. The Asset Management segment faced a slight dip, decreasing by 3.3% to €28.2 million. Conversely, the Lending & Leasing segment saw a marked increase of 7.3%, achieving revenues of €15.8 million. When adjusted for currency and scope effects, Linedata's revenue declined by 1.7%.

Recurring revenue remained stable at €35.2 million, or 80% of total revenue. Despite the challenging economic climate, the Lending & Leasing arm benefited from strong performance in its key platforms, Linedata Ekip360 and Linedata Capitalstream. However, sales activity overall saw a contraction, with order intake at €14.7 million, down 29.1% from Q1 2024.