Brief: SimCorp Q2 EBIT Down At EUR 6.2 Million

SIMCORP A/S

12/08/2022 06:46

Aug 12 (Reuters) - Simcorp A/S  SIM.CO :
    * SIMCORP REPORTS ARR (LTM) GROWTH OF 11.9% IN H1 2022, AS
THE
JOURNEY TOWARDS BEING A SAAS PROVIDER PROGRESSES AS PLANNED
    * Q2 ORDER INTAKE EUR 17.0 MILLION VERSUS EUR 30.2 MILLION
YEAR
AGO
    * MAINTAINS 2022 GUIDANCE
    * Q2 REVENUE EUR 116.0 MILLION VERSUS EUR 118.8 MILLION YEAR
AGO
    * Q2 EBIT EUR 6.2 MILLION VERSUS EUR 30.0 MILLION YEAR AGO
    * WHILST WE ACKNOWLEDGE A LACK OF NEW LICENSE DEALS IN Q2
DUE TO
CLIENT DELAYS, WE CONTINUE TO SEE GOOD TRACTION AND MOMENTUM IN
OUR STRATEGY
    * ACROSS ALL MARKETS, WE SEE CLIENT ACTIVITY HAS MOSTLY
RETURNED
TO PRE-COVID LEVELS, DESPITE CURRENT GEOPOLITICAL AND
MACROECONOMIC TURBULENCE AND TIMING OF SOME EXPECTED DEALS
SHIFTING FROM H1 TO H2
    * UKRAINE; IN Q2 2022, WE INCURRED EXCEPTIONAL COSTS OF EUR
1.3M
IN ADDITION TO THE EUR 0.8M INCURRED IN Q1  2022 (H1 2022: EUR
2.1M) TO HELP AND SUPPORT OUR UKRAINIAN COLLEAGUES AND THEIR
FAMILIES, AND WE  FORESEE TOTAL EXCEPTIONAL COSTS IN 2022 OF EUR
3-5M
    * LOWER ORDER INTAKE WAS PRIMARILY DUE TO TIMING OF DEALS AS
IN
2022 SOME DEALS  HAVE SHIFTED FROM Q2 TO H2, AND Q2 2021 WAS
RELATIVELY STRONG

Source text for Eikon:  ID:nWkr4kgdcJ 
Further company coverage:  SIM.CO 

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