JDC Group

JDC benefited in the first half from the takeover of the FMK group, which contributed around €22 million in revenue and €7 million in EBITDA, as well as from strong growth in advisortech and positive developments at FiNUM. Group revenue rose 19% to €143.5 million and EBITDA climbed 83% to €14.5 million; on a like‑for‑like basis revenue growth would have been about 23%. Management slightly narrowed the range of the full‑year target but sees 2027 revenue targets of €450–500 million and EBITDA of €40–50 million, supported by FMK, a possible revival of the platform business and the planned state pension reform from 1 January 2027. » Altro su finanzen.net

JDC increased pro forma revenue in the first half of 2026 by 22.8% to EUR 143.5 million, EBITDA rose 82.7% to EUR 14.5 million and doubled in the second quarter to EUR 6.4 million. Drivers were the advisortech platform and the acquisition of FMK, which contributed around EUR 22 million to revenue and about EUR 7 million to EBITDA in H1. Management confirmed the full-year guidance of EUR 300–330 million in revenue and EUR 35–38 million in EBITDA, and expects catalysts from the state-subsidized retirement savings depot planned from January 2027 as well as cost savings from 2027. Despite strong metrics, the share price reacted modestly; valuation multiples remain elevated (P/E 47.8, P/B 4.85). » Altro su de.investing.com

JDC increased revenue by 13% and EBITDA by 36% in 2025 and is targeting, at the middle of its forecast range for 2026, roughly 26% revenue growth and more than 70% EBITDA growth. Optimism is supported by a share buyback program and insider purchases. The stock has been in a correction since November and trades near the lower boundary of the medium-term uptrend channel at about €22, while a rebreak above the strong resistance around €24 could trigger a more pronounced recovery. The Q1 figures expected on May 11 are seen as a potential decision catalyst; the consensus P/E for 2026 has, according to analyst estimates, shrunk to around 22, opening upside potential. » Altro su finanzen.net