Brief: Simcorp Q2 EBIT At EUR 26.0 Mln

SIMCORP A/S

12/08/2020 06:58

Aug 12 (Reuters) - Simcorp A/S  SIM.CO :
    * REG-SIMCORP REPORTS REVENUE OF EUR 210M AND EBIT MARGIN OF
21%
IN H1 2020, DESPITE THE DISRUPTION CAUSED BY THE COVID-19
PANDEMIC
    * Q2 REPORTED REVENUE WAS EUR 106.7M, A DECREASE OF 2.6%
WHEN
COMPARED WITH Q2 2019
    * Q2 EBIT WAS EUR 26.0M AND EBIT MARGIN WAS 24.4% COMPARED
WITH
STRONG EBIT OF EUR 32.3M AND EBIT MARGIN OF 29.5% IN Q2 2019
    * REFINITIV POLL: SIMCORP Q2 REVENUE SEEN AT EUR 105
MILLION, EBIT
AT EUR 19 MILLION
    * MAINTAINS ITS EXPECTATIONS FOR REVENUE GROWTH AND EBIT
MARGIN
MEASURED IN LOCAL CURRENCIES FOR 2020 AS ANNOUNCED IN ITS Q1
2020 INTERIM REPORT
    * SOLID PERFORMANCE DELIVERED IN Q2 WAS POWERED BY STRONG
SALES TO
EXISTING CLIENTS AS WELL AS ADDING THREE NEW CLIENTS, TWO IN
NORTH AMERICA AND ONE IN EUROPE.

Source text for Eikon:  ID:nGNE6Ckh8x 
Further company coverage:  SIM.CO 

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