Brief: Simcorp Q2 Reported EBIT Up At EUR 15.2 Mln

SIMCORP A/S

11/08/2023 07:08

Aug 11 (Reuters) - Simcorp A/S  SIM.CO :
    * RESTRUCTURING COSTS AMOUNTED TO EUR 7.8 MILLION IN H1 2023
    * SIMCORP INTERIM REPORT Q2 2023
    * OUTLOOK 2023: SIMCORP CONFIRMS CURRENT FINANCIAL GUIDANCE
FOR
2023.
    * RATABLE REVENUE INCREASED BY 20.4% IN Q2 2023 AND 16.8% IN
H1
2023 COMPARED TO THE SAME PERIOD IN 2022
    * WE REMAIN FOCUSED ON CONTINUALLY INVESTING TO ENHANCE OUR
OFFERINGS ACROSS SEGMENTS AND OPERATING MODELS TO DRIVE
LONG-TERM AND SUSTAINABLE GROWTH
    * OUTLOOK 2023: WORK RELATED TO THE ANNOUNCEMENT AGREEMENT
AND
PUBLIC TAKEOVER OFFER WILL ENTAIL TRANSACTION  COSTS FOR
SIMCORP, MAINLY RELATED TO ADVISOR FEES
    * Q2 REVENUE EUR 131.6 MILLION VERSUS EUR 116.0 MILLION YEAR
AGO
    * OUTLOOK 2023:  IF TRANSACTION COMPLETES,  TRANSACTION
COSTS ARE
EXPECTED TO AMOUNT TO EUR 15-17 MILLION IN 2023
    * Q2 EBIT EUR 15.2 MILLION VERSUS EUR 6.2 MILLION YEAR AGO
    * IN Q2 2023, THE TOTAL ORDER INTAKE WAS EUR 23.7 MILLION
COMPARED
WITH EUR 17.0 MILLION IN THE SAME PERIOD LAST YEAR, MAINLY
DRIVEN BY ADDITIONAL LICENSE SALES
    * BASED ON THE PERFORMANCE IN H1 2023, SIMCORP CONFIRMS THE
CURRENT FINANCIAL GUIDANCE FOR 2023
    * IN Q2 2023, WE SAW CONTINUED SOLID GROWTH

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

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