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LINEDATA: 2019 First Half-Year Results Improvement in the operating margin

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2019 First Half-Year Results
Improvement in the operating margin

  First half 2018 First half 2019 Change
REVENUE 83.8 84.8 +1.2%
EBITDA
% of revenue
19.0

  22.7%

21.5

  25.4%

+13.1%
OPERATING INCOME
% of revenue
11.8

  14.1%

13.3

  15.7%

+12.1%
NET RESULT
% of revenue
8.1

  9.7%

8.2

 9.6%

Rounded, audited figures (€M)

Neuilly-sur-Seine, 11 September 2019 Linedata (LIN:FP), global solutions and outsourcing services provider for the asset management, insurance and credit industries, delivered, as announced, an increase in its operating profitability in the first half of 2019.

The Group realised half-year revenues of €84.8 million; an increase of 1.2% compared to the first half of 2018. Without the impact of Linedata Gravitas ceasing its Build Operate and Transfer (BOT) business, for which the last client effected an internal transfer at the end of 2018, the pro-forma growth in sales would be 4.8%.

EBITDA amounted to €21.5 million; an increase of 13.1% compared to the first half of 2018. This figure includes, for the 2019 financial year, the impact of the application of IFRS 16 on operating leases. Without this change in accounting standards, EBITDA would have been €19.2 million, a stable result compared to the previous year.

Operating Income reached €13.3 million (€13.2 million after the adoption of IFRS 16), up 12.1%, due to a significant decrease in provisions for risks and for bad debt.

EBITDA margin analysis

EBITDA margin First half 2018 First half 2019
Asset Management 21.1% 24.3%
Lending & Leasing 23.8% 25.6%
Other activities 45.3% 51.3%
 

Total

22.7% 25.4%

In the first half of 2019, Asset Management revenues grew slightly (+ 0.2%). Restated for the exceptional negative impact of €2.9 million related to the end of the BOT contract at the end of 2018, the segment’s pro-forma growth reached 5.9%. The EBITDA margin increased by 2.4 points but remains stable (20.8%) at constant standards.

Lending & Leasing segment revenues for the first half of 2019 were up 3.8% compared to the same period in 2018. EBITDA was €7.2 million, up €0.8 million. Restated for IFRS 16, this EBITDA figure is reduced to €6.7 million.

Analysis of results

The financial result was -€1.9 M million compared to -€1.3 million for the same period last year. The difference of -€0.6 million is due, in half part, to the impact of the application of IFRS 16 on lease and rental liabilities and, for the remaining part, to an increase in foreign exchange losses.

After taking into account taxes of €3.2 million, up €0.8 million compared to the same period last year, net income for the first half of the year was stable at €8.2 million, reflecting a net margin of 9.6%.

Balance sheet analysis

At June 30, 2019, shareholders’ equity amounted to €107.9 million, down €5.1 million compared to December 31, 2018. This decrease reflects accounting for the payable dividend of € 9.6 million and an increase of €4.4 million in ownership of the company’s shares.

Net debt, excluding the impact of the IFRS 16 rental liabilities, amounted to €75.2 million, down €2.5 million compared to the end of the previous financial year. It represents 1.7x the EBITDA for 2018.

Outlook

In the second half of the year, the Group will pursue its action plan aimed at bringing its Software, Services and Data activities closer together. In this context, investments in their integration will be intensified.

For the year as a whole, Linedata anticipates revenue close to that of 2018 despite the negative impact of the shutdown of the BOT activity.

Next communication: 3rd quarter 2019 revenue, 22 October 2019

ABOUT LINEDATA

With 20 years’ experience and 700+ clients in 50 countries, Linedata’s 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels. Headquartered in France, Linedata achieved revenues of EUR 173.2M in 2018 and is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.
linedata.com

Linedata
Finance Department
+33 (0)1 73 43 70 27
infofinances@linedata.com
Cap Value
Financial Communications
+33 (0)1 80 81 50 00
info@capvalue.fr
www.capvalue.fr

 

 

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IT Industry

Mimecast Announces First North American Cyber Resilience Summit in Dallas

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Security and IT Professionals to Discuss the Complexities of Today’s Security Environments and How to Combat Disruption

DALLAS, Sept. 17, 2019 (GLOBE NEWSWIRE) — Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced its first North American Cyber Resilience Summit to be held in Dallas, Texas October 28-30, 2019.  This Cyber Resilience Summit is built around the theme of ‘Resilience Now. Resilience Together™‘ and will bring together public and private IT and Information Security leaders, Mimecast customers and partners, and global experts. Attendees of the Summit will experience hands-on, knowledge-transfer sessions focused on key cybersecurity and cyber resilience issues affecting modern organisations.

In addition to knowledge sharing and building on key skills and certifications, attending the Summit provides the opportunity to network, better understand how to get the most out of your organization’s security ecosystem, and ultimately help aligning IT and Security teams to create robust resilience strategies and expand the value of your Mimecast investment.

“Organizations struggle with planning for and achieving a level of cyber resilience to help combat disruption to their business. This disruption comes in many forms: malicious and criminal intent, technology failure and human error. It’s a triple threat that makes the jobs of IT and security professionals very difficult as they must understand not only how to avoid disruption, but also how to withstand it when it inevitably occurs,” said Peter Bauer, chief executive officer at Mimecast.

Research has shown that the average number of security tools in an enterprise is approximately 75. Tracks during the Cyber Resilience Summit will address the complexity this brings, and will highlight the ineffi­ciencies, ineffectiveness and risk that brings to any security environment.

“We recently hosted a Cyber Resilience Summit in South Africa and it was a tremendous success – seeing an attendance of almost 1000 IT and security professionals. We want to bring that same level of excitement and dedication to achieve something great across the globe,” commented Bauer.  “We’re hosting the next Cyber Resilience Summit in Dallas to bring together top minds to discuss how resilience is also something that comes in many forms. Our speakers will tell stories of unimaginable challenges they have overcome, inspiration they’ve drawn from their experiences and the opportunities that have been presented to them. We will all come together to learn from each other to help build a more resilient world.”

Keynote speakers at the North American Cyber Resilience Summit include:

  • Art Coviello, Jr, Venture Partner, Rally Ventures and former Executive Chairman of RSA, The Security Division of Dell Technologies
  • Mick Ebeling, CEO of Not Impossible Labs
  • Ryan Stramrood, extreme adventurer and ice swimmer
  • Peter Bauer, CEO of Mimecast
  • Christina Van Houten, Chief Strategy Officer of Mimecast
  • Janet Levesque, SVP, Systems, Resilience and Security

During the event, more than 50 high-value breakouts will be led by Mimecast experts, customers, partners, and industry thought leaders to help attendees enhance the skills needed for ongoing success, helping to build a more comprehensive cyber resilience strategy for their organization.

Breakout sessions will be focused on the following:

  • Training Labs – Go deep on how to get the most out of your Mimecast technology with hands-on training from Mimecast experts. These sessions are designed to help attendees ensure protections are optimized.
  • Optimizing IT and your Security Ecosystem – Designed to give attendees strategies for optimizing their security posture today: building a sustainable security platform, making everything work together, and getting the most from investments.
  • Archiving, Data Protection and Compliance – Explore the challenges of archiving and data management through a variety of lenses. Learn how to optimize existing technologies and make data migration easy, and get best-practices from industry experts, peers and Mimecast product experts.
  • Advanced Security – Hear about persistent challenges like combatting human error, addressing multi-vector attacks, and making threat intelligence both consumable and actionable.
  • Your Mimecast: Innovations and Services – Learn where Mimecast has been investing and what lies ahead. From deep dive product discussions to sessions.

For more information and to register, please visit https://www.cyberresiliencesummit.com.

About Mimecast
Mimecast is a cybersecurity provider that helps thousands of organizations worldwide make email safer, restore trust and strengthen cyber resilience. Mimecast’s expanded cloud suite enables organizations to implement a comprehensive cyber resilience strategy. From email and web security, archive and data protection, to awareness training, uptime assurance and more, Mimecast helps organizations stand strong in the face of cyberattacks, human error and technical failure. www.mimecast.com

Mimecast Social Media Resources
LinkedIn: Mimecast
Facebook: Mimecast
Twitter: @Mimecast
Blog: Cyber Resilience Insights

Press Contact
Alison Raymond Walsh
press@mimecast.com

Investor Contact
Robert Sanders
Investors@Mimecast.com
617-393-7074

Mimecast and Resilience Together are either registered trademarks and/or trademarks of Mimecast Services Limited in the United States and/or other countries.  All other products and/or services referenced are trademarks of their respective companies. 

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IT Industry

StaffConnect Announces Upcoming Live Webinar Featuring Emma Bridger of People Lab to Discover Why Employee Experience is the Key to Customer Engagement

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Attendees to Learn What Business Leaders Can do to Motivate, Engage and Connect with Employees Across the Organisation for Long-Term Business Success

LONDON and SAN FRANCISCO, Sept. 17, 2019 (GLOBE NEWSWIRE) — StaffConnect, the leading provider of mobile employee engagement solutions for the deskless workforce, announced today its upcoming live webinar, Discover Why Employee Experience is Key to Customer Engagement’ featuring Emma Bridger of People Lab and renowned author of Employee Engagement. Emma will be sharing her insights and top tips from 18 years’ of experience, helping organisations transform employee engagement to drive business success.

Date: 
Monday, September 23, 11:00 – 11:30 a.m. ET / 4:00 – 4:30 p.m. BST

Why Attend:   
An engaged and productive workforce is vital for the success of any business. Attend this StaffConnect webinar to learn what business leaders can do to ensure their employees are motivated, engaged and connected to their organisational goals and mission for long-term success.

Learn:

  • Practical tips to building a compelling employee experience
  • How effective internal communication can help drive employee engagement
  • What role technology plays in the employee experience
  • The link between EX and CX and the impact on company performance.

Register Now:
The first 20 people to register and attend the webinar will receive a free copy of Emma’s latest book: ‘Employee Engagement – A Practical Introduction’.
register.gotowebinar.com/register/7318820386762027533

Tweet this: .@StaffConnectApp Announces Upcoming Live Webinar With Emma Bridger of People Lab to Discover Why Employee Experience is the Key to Customer Engagement
https://www.staffconnectapp.com/press-releases/ #InternalComms #IC #Mobile #EmployeeEngagement #DesklessWorkforce #EmployeeExperience #HR #Digital Experience

About StaffConnect    
StaffConnect is the leading provider of mobile employee engagement solutions for the deskless workforce. The StaffConnect platform transforms the employee experience by enabling enterprises to connect, communicate and engage their entire workforce, especially remote, deskless employees. The customer-branded mobile app gives employees ‘a voice’ – with access to company and user-generated content to increase loyalty and productivity. The cloud-hosted platform empowers employers to target that content, with analytics, to deepen engagement with everyone. From offices in London and San Francisco, StaffConnect’s platform and domain expertise are supporting large businesses around the world to inspire their workforces to deliver better performance, improved customer experiences and greater shareholder value. For further information, please visit: www.staffconnectapp.com.

Media Resources (logos, screenshots, etc.): https://www.staffconnectapp.com/press-resources/

PR Contact:
Sabrina Sanchez
The Ventana Group for StaffConnect
(925) 785-3014
ssanchez@theventanagroup.com

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IT Industry

VPN Publishes Forbes Internet Security Guide for Law Firms

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ATLANTA, LONDON and TORONTO, Sept. 17, 2019 (GLOBE NEWSWIRE) — VPN recently published a guide to internet privacy for law firms on Forbes.com. The article, Protecting Attorney-Client Privilege With A VPN, was created to help law firms understand the dangers unsecure internet connections pose to their firm reputation, employees and clients.

“The judicial branch of our government is the crown jewel of justice in the United States. It is a great opportunity to present your case before a judge in this country. Many places around the world have no such environment for trials of justice. Protecting the communication and sensitive details of these cases and clients is critical, stated Michael Gargiulo, CEO at VPN.

Many large law firms have established internet access policies. This defines how employees communicate internally and externally. Policies like this work to curb the abuse and cyberattacks large law firms typically attract.

“Smaller firms or solo practices are often less fortunate when it comes to how they protect their attorney-client privilege and communication. Unfortunately, if that information is compromised by an adversary or publication it can completely erode the reputation of the firm, the attorney-client privilege and the client’s case. In fact, Terry Myers, who operates one of the largest VPNs for businesses, Encrypt.me, agrees without a VPN, your identity and communication are completely exposed,” said Gargiulo.

IBM reports the average breach is now costing companies upwards of $4 million. Law firms and attorneys around the world are realizing the reality of growing threats against their internet connection and client-base. With the right internet access policies, business VPN connections and security protocols a firm can be much more prepared and secure in their digital operation.

To protect your firm or organization with a VPN, please visit: https://encrypt.me
 
To learn more about Protecting Attorney-Client Privilege With A VPN please visit: https://www.forbes.com/sites/forbestechcouncil/2019/09/04/protecting-attorney-client-privilege-with-a-vpn/

To learn more about how VPN.com helps families, entrepreneurs and organizations secure their internet activity, please visit: https://vpn.com

To learn more about how VPN helps brands and visionaries secure premium domain names, please visit: https://vpn.com/domains

To learn more about premium dedicated hosting for your firm or enterprise, please visit: https://totalserversolutions.com our #1 host of VPN providers in 2019 or email Jason Brozena at jason.brozena@totalserversolutions.com

To learn more news about VPN, please visit: https://vpn.com/press

To learn more about Michael Gargiulo on Forbes, please visit: https://www.forbes.com/sites/forbestechcouncil/people/michaelgargiulo/

To view VPN’s Inc. Verified Profile, please visit: https://www.inc.com/profile/VPN

See More: The WAR on VPN & FREE SPEECH in Hong Kong, China Explained!

See More: VPN Remembers 9/11 by Donating ToddBeamer.com to Hero’s Family

See More: Can You Build Your Own VPN?

See LinkedIn Post: VPN.com Sells LaptopReviews.com to Digital Trends

See LinkedIn Post: Protecting-Attorney Client Privilege with a VPN

More Information: VPN.com is a worldwide leader in VPN research and statistics. The company has collected 188,000 data points across 900 VPN providers, giving people the only way to quickly review and compare hundreds of VPN providers at once. Through transparent research, extensive testing and a drive to protect the world, VPN.com will help 100 million consumers and businesses find the best privacy and security services by 2022.

In addition to VPNs, VPN.com helps countless entrepreneurs and brands the best domain name. VPN.com has bought and sold millions of dollars of domains and has helped tens of millions of people protect their privacy online. Whether you need to buy or sell, VPN help you transact your premium domain today at: vpn.com/domains

For media and interview inquiries, please email: pr@vpn.com or visit: https://www.vpn.com/press

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