Brief: Simcorp Reports Revenue Growth Of 19% And EBIT Margin Of 28% For 2019

SIMCORP A/S

05/02/2020 09:53

Feb 5 (Reuters) - Simcorp A/S  SIM.CO :
    * REG-SIMCORP REPORTS REVENUE GROWTH OF 19% AND EBIT MARGIN
OF 28%
FOR 2019
    * REPORTED Q4 2019 REVENUE OF EUR 127.8M, EBIT OF EUR 34.0M
AND
EBIT MARGIN OF 26.6% WERE, AS EXPECTED AND IN ACCORDANCE WITH
OUR GUIDANCE
    * Q4 EBIT OF EUR 34.0M
    * 2019 WAS A GOOD YEAR FOR SIMCORP WITH ORGANIC REVENUE
GROWTH OF
15.5% AND A RECORD HIGH EBIT MARGIN OF 28%
    * FOR 2020, SIMCORP EXPECTS REVENUE TO GROW BETWEEN 5% AND
10%
    * Q4 EBIT MARGIN OF 26.6% ,
    * AGAINST BACKDROP OF A PARTICULARLY STRONG 2019, WE EXPECT
TO SEE
MORE MODEST REVENUE GROWTH IN 2020
    * INTEGRATION OF SIMCORP GAIN IS EXPECTED TO IMPACT EBIT
MARGIN
NEGATIVELY BY 1%-POINT IN 2020
    * SEES 2020 EBIT MARGIN TO BE BETWEEN 24% AND 27%,
    * BOARD OF DIRECTORS INTENDS TO RECOMMEND TO SHAREHOLDERS AT
ANNUAL GENERAL MEETING 2020 THAT DIVIDENDS OF EUR 39.9M BE
DECLARED AT RATE OF DKK 7.50 PER SHARE COMPARED WITH DKK 6.75
LAST YEAR
    * RESEARCH AND DEVELOPMENT COSTS ARE EXPECTED TO INCREASE
FROM 18%
OF REVENUE IN 2019 TO 20% IN 2020 DUE TO EXTRA INVESTMENTS IN
CLOUD LIFT, AND EXTRA INVESTMENTS IN INTERNAL IT SYSTEMS WILL
CONTINUE INTO 2020

Source text for Eikon:  ID:nGNE1bXrNZ 
Further company coverage:  SIM.CO 

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