Brief: Simcorp Q3 EBIT Falls To EUR 22.4 Mln

SIMCORP A/S

12/11/2020 06:55

Nov 12 (Reuters) - Simcorp A/S  SIM.CO :
    * REG-SIMCORP REPORTS REVENUE OF EUR 310M AND EBIT MARGIN OF
21%
FOR THE FIRST NINE MONTHS OF 2020
    * REG-SIMCORP REPORTS REVENUE OF EUR 310M AND EBIT MARGIN OF
21%
FOR THE FIRST NINE MONTHS OF 2020
    * Q3 ORDER INTAKE WAS EUR 21.7M, AN INCREASE OF EUR 2.6M OR
13.6%
COMPARED WITH Q3 2019.
    * Q3 EBIT WAS EUR 22.4M AND EBIT MARGIN WAS 22.3% COMPARED
WITH
EBIT OF EUR 35.2M AND EBIT MARGIN OF 30.0% IN Q3 2019
    * MAINTAINS ITS EXPECTATIONS FOR REVENUE GROWTH AND EBIT
MARGIN
MEASURED IN LOCAL CURRENCIES FOR 2020 AS ANNOUNCED IN ITS Q2
INTERIM REPORT AND COMPANY ANNOUNCEMENT DATED OCTOBER 12, 2020.
    * REPORTED Q3 REVENUE WAS EUR 100.2M, A DECREASE OF 14.7%
COMPARED
WITH Q3 2019, DUE TO A VERY STRONG Q3 2019 AND REVENUE
RECOGNITION OF TWO NEW LICENSE DEALS BEING DEFERRED.
    * 2020 REVENUE GROWTH MEASURED IN LOCAL CURRENCIES IS
EXPECTED TO
BE BETWEEN -5% AND 5%, AND EXPECTATION FOR EBIT MARGIN MEASURED
IN LOCAL CURRENCIES IS BETWEEN 22.0% AND 27.0%

Source text for Eikon:  ID:nGNE8MsH5b 
Further company coverage:  SIM.CO 

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