Brief: Simcorp Q3 EBIT Down At EUR 20.2 Mln, Expects To Be At Lower End Of 2022 Guidance Ranges

SIMCORP A/S

15/11/2022 07:00

Nov 15 (Reuters) - Simcorp A/S  SIM.CO :
    * EXPECTS TO BE AT LOWER END OF GUIDANCE RANGES FOR 2022
WHICH
WERE ANNOUNCED IN 2021 ANNUAL REPORT
    * Q3 REVENUE EUR 124.2 MILLION VERSUS EUR 107.3 MILLION YEAR
AGO
    * Q3 EBIT EUR 20.2 MILLION VERSUS EUR 24.2 MILLION YEAR AGO
    * FOR 2022 WE NOW EXPECT TO GROW REVENUE IN LOCAL CURRENCIES
AT
LOWER END OF RANGE 7% - 12%
    * Q3 ORDER INTAKE EUR 22.9 MILLION VERSUS EUR 27.8 MILLION
YEAR
AGO
    * FOR 2022 NOW EXPECTS TO GROWANNUAL RECURRING REVENUE FOR
LAST
TWELVE MONTHS IN LOCAL CURRENCIES AT LOWER END OF RANGE 10% -
15%
    * FOR 2022, NOW EXPECTS TO GENERATE AN EBIT MARGIN MEASURED
IN
LOCAL CURRENCIES AT LOWER END OF RANGE 23.0% - 26.0%
    * CONTINUED MACROECONOMIC TURMOIL NEGATIVELY IMPACTS OUR
OPERATING
ENVIRONMENT, CAUSING DELAYS IN ORDER INTAKE, CLIENT DIALOGUE AND
CLIENT DECISION-MAKING PROCESSES, AFFECTING SHORT-TERM REVENUE
AND MARGINS

Source text for Eikon:  ID:nWkrbs3cgW 
Further company coverage:  SIM.CO 
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