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SIM - Simcorp A/S News Story

DKK750.2 -13.2  -1.7%

Last Trade - 12/05/21

Sector
Technology
Size
Large Cap
Market Cap £3.45bn
Enterprise Value £3.44bn
Revenue £392.7m
Position in Universe 166th / 1832

BUZZ-Simcorp: New 2020 guidance drives shares

Tue 19th May, 2020 10:44am
** Shares in Danish IT software company Simcorp  SIM.CO 
rise 6% after new revised 2020 guidance  urn:newsml:reuters.com:*:nASN0006XO
    ** The company now expects 2020 EBIT margin of between 22.0%
to 27.0%, and revenue and EBIT margin to be higher in H2 than H1
    ** Simcorp withdrew its previous guidance of 2020 EBIT
margin between 24% and 27% on March 18 due to COVID-19 impact
 urn:newsml:reuters.com:*:nFWN2BB1H4
    ** Handelsbanken says the quarterly EBIT miss is mitigated
in full by better-than-feared new 2020 guidance
    ** The broker adds the mid-point of new guidance would imply
a hike in pre-Q1 EBIT consensus of close to 14%, some 7% above
its own estimate
    ** The stock is set for its best day in a year, among top
performers on Stoxx600  .STOXX 


($1 = 0.9153 euros)

 ((jagoda.darlak@tr.com))
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