SimCorp A/S: SimCorp reports revenue growth of 11% and EBIT margin of 26.5% in Q1 2019
Company announcement no. 18/2019
Q1 2019 highlights:
* Q1 2019 reported revenue was EUR 99.7m, an increase of 11.0% when
compared with Q1 2018, and an increase of 9.1% when measured in local
* EBIT was EUR 26.4m compared with EUR 23.3m in Q1 2018. Currency
fluctuations impacted EBIT positively by EUR 0.9m.
* EBIT margin was 26.5% compared with 26.0% in Q1 2018. Measured in
local currencies, the EBIT margin was 26.1%.
* Net profit was EUR 19.6m compared with EUR 16.3m in Q1 2018.
* Total order intake from new and add-on licenses was EUR 21.4m, an
increase of EUR 7.4m compared with same period last year. We welcomed
Willis Towers Watson in the UK and Sava Re Group in Slovenia as new
clients in Q1 2019.
* At March 31, 2019, the order book amounted to EUR 47.1m, an increase
of EUR 28.5m when compared with the order book at March 31, 2018.
Compared with December 31, 2018, the order book increased by EUR
* To enable clients to benefit faster from the continuous R&D
investments, SimCorp has changed its annual SimCorp Dimension release
cycle from two to four releases. Two new versions have already been
released in 2019, introducing new functionality within areas like
portfolio management, data management and alternative investments
* SimCorp has received three awards so far in 2019. Besides being named
Best Securities Services Provider in Global Custodians Leaders in
Custody Awards, SimCorp has also won FTF News Technology Innovation
Award in the categories of Best Middle-to-Back Office Integration
Solution and Best Client Reporting Solution.
* SimCorp maintains its expectations for revenue growth and EBIT margin
measured in local currencies for 2019. Revenue growth measured in
local currencies is expected to be between 8% and 13%, while the
expectation for EBIT margin measured in local currencies remains
between 25.5% and 28.5%.
SimCorp CEO, Klaus Holse, comments: With solid financial performance and
two new clients in Q1 2019, both of which have signed for our full,
integrated, front to back offering, we are off to a good start for the
year. We are pleased to have signed a renowned industry leader like Willis
Towers Watson in the UK, as this has been a challenging market for some
years. Our order book remains strong and our sales pipeline continues to
support our financial guidance.
SimCorps Executive Management Board will present the report on a
conference call today Wednesday, May 22, 2019 at 11.00 am (CEST). Please
use any of the following phone numbers to dial in to the conference call:
From Denmark: +45 3272 8042
From USA: +1 631 510 7495
From other countries: +44 (0) 2071 928000
Pin code to access the call: 3487117
At the end of the presentation there will be a Q&A session. It will also be
possible to follow the presentation via this link:
The presentation will be available prior to the conference call via
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 2326
Michael Rosenvold, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45
Anders Hjort, Head of Investor Relations, SimCorp A/S (+45 3544 8822, +45
Anders Crillesen, Group Communications Director, (+45 3544 6474, +45 2779
* 2019_05_22_18_Announcement Q1 2019