Brief: Simcorp Q3 EBIT at EUR 35.2 mln

SIMCORP A/S

15/11/2019 06:58

Nov 15 (Reuters) - Simcorp A/S  SIM.CO :
    * REG-SIMCORP REPORTS REVENUE GROWTH OF 29% AND EBIT MARGIN OF 29% FOR THE FIRST NINE MONTHS
OF
2019, AND UPDATES ITS STRATEGY
    * REG-SIMCORP REPORTS REVENUE GROWTH OF 29% AND EBIT MARGIN OF 29% FOR THE FIRST NINE MONTHS
OF
2019, AND UPDATES ITS STRATEGY
    * Q3 REVENUE OF EUR 117.4M WAS EUR 36.7M HIGHER THAN IN Q3 2018
    * Q3 ORDER INTAKE WAS EUR 19.1M, AN INCREASE OF EUR 4.4M OR 30% COMPARED WITH Q3 2018
    * Q3 EBIT WAS EUR 35.2M AND EBIT MARGIN WAS 30.0% COMPARED WITH EBIT OF EUR 15.1M AND EBIT
MARGIN
OF 18.8% IN Q3 2018
    * OUR PERFORMANCE FOR FIRST NINE MONTHS OF YEAR HAS BEEN SOLID
    * WITH A TOTAL OF TEN NEW CLIENTS, OUR ORDER INTAKE AT THIS POINT IS HIGHER THAN IN PREVIOUS
YEARS
    * WE ARE PLEASED THAT WE HAVE BEEN ABLE TO HAVE A LARGER PART OF FULL YEAR RESULT
MATERIALIZE
EARLIER THAN IN PAST YEARS.
    * MAINTAINS ITS FULL YEAR 2019 EXPECTATIONS FOR REVENUE GROWTH MEASURED IN LOCAL CURRENCIES
OF
12%-17%, AND FOR EBIT MARGIN MEASURED IN LOCAL CURRENCIES OF 25.0%-28.0%
    * REFINITIV POLL: Q3 REVENUE SEEN AT EUR 108.49 MILLION, Q3 EBIT SEEN AT EUR 27.79 MILLION

Source text for Eikon:  ID:nGNE8T00Y1 
Further company coverage:  SIM.CO 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))