Brief: Simcorp Q4 EBIT At EUR 54.3 Mln, Above Refinitiv Poll

SIMCORP A/S

15/02/2022 06:55

Feb 15 (Reuters) - Simcorp A/S  SIM.CO :
    * Q4 EBIT EUR 54.3 MILLION VERSUS EUR 48.8 MILLION SEEN IN REFINITIV POLL
    * Q4 REVENUE EUR 160.2 MILLION VERSUS EUR 152.8 MILLION SEEN IN REFINITIV POLL
    * OUTLOOK 2022: SIMCORP EXPECTS REVENUE TO GROW BETWEEN 7% AND 12%
    * OUTLOOK 2022: ANNUAL RECURRING REVENUE (ARR) TO GROW BETWEEN 10% AND 15%
    * OUTLOOK 2022: EBIT MARGIN TO BE BETWEEN 23.0% AND 26.0%, ALL MEASURED IN LOCAL CURRENCIES
    * INTENDS TO RECOMMEND AT AGM THAT DIVIDENDS OF EUR 39.9M BE DECLARED AT RATE OF DKK 7.50
PER
SHARE
    * OUTLOOK 2022: INCLUDED IN EXPECTED EBIT MARGIN FOR 2022 IS A NEGATIVE SHORT-TERM IMPACT OF
AROUND 2%-POINTS FROM PLANNED INVESTMENTS IN FUTURE
    * EXPECTS TO INITIATE A NEW SHARE BUYBACK PROGRAM IN 2022
    * INTENTION IS TO PURCHASE SHARES FOR EUR 40M OVER NEXT 10 MONTHS IN TWO HALF YEARLY
BUY-BACK
PROGRAMS OF EUR 20M EACH
    * OUTLOOK 2022: EXTRA DEMAND DRIVEN INVESTMENTS IN 2022 ARE EXPECTED TO LEAD TO ADDITIONAL
REVENUE
AND HIGHER EBIT MARGIN IN COMING YEARS

Source text for Eikon:  ID:nWkr4X5Gwd 
Further company coverage:  SIM.CO 

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