JDC Group AG
11.07.2018 - Equity Research Einzelstudie // buy
Research Report (Anno) - JDC Group AG - english
| Zur Originalstudie klicken Sie bitte hier |
ISIN: DE000A0B9N37
Branche: Dienstleistungen
Rating: buy
Kurs bei Erstellung in €: 8,16
Kursziel in €: 12,40
Mögl. Interessenskonflikt gem. §34b Abs.1 WpHG und FinAnv: 5a;7;11
In the past financial year 2017, JDC Group AG continued to increase its inorganic
growth and wholesale business. Therefore cooperation was agreed with the Albatros Versicherungsdienste GmbH, part of the Lufthansa Group, to outsource the processing and provision of financial products. As part of this, around 150,000 customers are to be fully transferred to the JDC Group AG platform. The additional sales potential within the five-year agreement amounts to as much as EUR 20 million p.a., with an annual EBITDA contribution of over EUR 1.0 million. In addition, while increasing consolidation on the market for independent financial intermediaries, the company has taken over two subsidiaries of the ARTUS Group with an insurance portfolio of 40,000 end customer contracts. The annual net premiums amount to as much as EUR 30 million and the EBITDA contribution is approximately EUR 1.0 million p.a.
Wichtiger Hinweis:
Bitte beachten Sie den Disclaimer/Risikohinweis sowie die Offenlegung möglicher Interessenskonflikte nach §34b WpHG /FinAnV auf unserer Webseite.
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