DGAP-Ad hoc: JDC Group AG

JDC Group AG: Jung, DMS & Cie. Pool GmbH and Albatros Versicherungsdienste GmbH sign a five-year contract

Jung, DMS & Cie. Pool GmbH, a wholly-owned subsidiary of JDC Group AG, Albatros Versicherungsdienste GmbH and Albatros Service Center GmbH, both of which are group companies of Deutsche Lufthansa AG (hereinafter referred to as Albatros), have signed today an agreement on long-term cooperation in the procurement of financial products. The contract has a minimum term of 5 years.

As part of the cooperation and in the course of an outsourcing operation for Albatros at the turn of the year, Jung, DMS & Cie. Pool GmbH will take over the administrative and sales support platform and its associated processes.

The JDC Group's Management Board expects an increase in commission turnover of up to EUR 20 million and a significant earnings contribution for the fiscal year 2018.