Brief: Simcorp Confirms Financial Guidance For 2023

SIMCORP A/S

17/05/2023 07:13

May 17 (Reuters) - Simcorp A/S  SIM.CO :
    * CONFIRMS FINANCIAL GUIDANCE FOR 2023
    * WE SEE CONTINUED STRONG MARKET DEMAND FOR OUR OFFERINGS
    * REPORTED REVENUE WAS EUR 136.3 MILLION IN Q1 2023 (Q1
2022: EUR
114.7 MILLION)
    * EBIT EXCLUDING SPECIAL ITEMS WAS EUR 28.3 MILLION (EUR
16.3
MILLION IN Q1 2022)
    * RESTRUCTURING COSTS AMOUNTED TO EUR 5.4 MILLION IN QUARTER
(SPECIAL ITEMS OF EUR 0.8 MILLION IN Q1 2022)
    * OUTLOOK 2023: MEASURED IN LOCAL CURRENCY, IT IS EXPECTED
THAT
ARR WILL GROW 12-17%, RATABLE REVENUE WILL GROW 6-11%
    * OUTLOOK 2023: EBIT MARGIN IS EXPECTED TO BE 21-24%,
EXCLUDING
SPECIAL ITEMS
    * SIMCORP DID NOT INCUR ANY EXTRAORDINARY COSTS RELATED  TO
THE
SITUATION IN UKRAINE IN Q1 2023
    * IN Q1 2023, THE TOTAL ORDER INTAKE WAS EUR 22.7 MILLION
COMPARED
WITH EUR 26.0 MILLION IN THE SAME PERIOD LAST YEAR

Source text for Eikon:  ID:nWkr7WMz93 
Further company coverage:  SIM.CO 

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