Linedata: net income down nearly 4% for the year

(CercleFinance.com) - Linedata Services reports net income for the year down 3.
6% to ?25.5 million, with EBITDA margin down 0.2 points to 29.1% on sales up 6.1% to ?183.3 million (+6.2% organic).

A dividend of 1.75 euros per share in respect of 2023 will be proposed at the next AGM, for EPS up to 5.14 euros (vs. 4.30 euros in 2022), the latter having benefited from the reduction in the number of shares following the public stock buyback tender offer in December 2022.

Linedata will step up its sales efforts in its target jurisdictions and continue its program to migrate its installed base to the new software platforms in order to maintain a sustainable organic growth trajectory", the company states.

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