SimCorp: Maintained guidance cheers investors

SIMCORP A/S

22/05/2019 09:39

** Shares in Danish IT software company SimCorp  SIM.CO 
soar 10% after a results beat and affirmed guidance dispelled
market fears it might cut its outlook
    ** Danske Bank analyst Poul Jessen points to strong Q1
performance and maintained guidance as drivers behind the share
move
    ** On Monday, the stock fell more than 5% on fears of a
potential guidance cut after Danish financial news service
Ritzau Finans cited SimCorp CEO as telling Bloomberg a
consolidation wave among its customers meant restraint in the
industry 
    ** "SimCorp Q1 revenue and EBIT exceed Refinitiv consensus
and the company reiterated its local currency FY revenue and
EBIT margin targets  urn:newsml:reuters.com:*:nGNE6JqQFN 
    ** The stock is among best performers on European Stoxx 600
 .STOXX  index and on course for their best day in more than a
year    
    
    
    

 ((Izabela.niemiec@thomsonreuters.com))