Key Developments: Simcorp A/S (SIM.CO)

SIM.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SIMCORP announces PwC new auditor
Monday, 31 Mar 2014 11:16am EDT 

SIMCORP A/S:Announces PwC as the company’s new auditor.  Full Article

SIMCORP A/S gives FY 2014 revenue guidance below analysts' estimates
Wednesday, 26 Feb 2014 09:02am EST 

SIMCORP A/S:Expects FY 2014 revenue growth of 10pct measured in local currencies.The company reported revenue of 225.1 million euros in FY 2013.FY 2014 revenue of 250 million euros - Thomson Reuters I/B/E/S.  Full Article

SIMCORP launches share buy-back program for up to EUR 10.0 mln
Tuesday, 25 Feb 2014 11:32am EST 

SIMCORP A/S:Launches share buy-back program for up to 10.0 million euros.The program is to be executed during the period from Feb. 26 to Aug. 22.Danske Bank A/S is lead manager of the buyback program.The purpose of the program is to reduce the share capital of SimCorp and to meet the obligations arising from SimCorp’s incentive scheme.  Full Article

SIMCORP proposes FY 2013 dividend of DKK 4.00 per share
Tuesday, 25 Feb 2014 11:16am EST 

SIMCORP A/S:Proposes FY 2013 dividend of 4.00 Danish crowns per share.Intends to distribute in total 22.2 million euros.Paid dividend of 3.5 Danish crowns per share for FY 2012.  Full Article

SIMCORP issues FY 2014 revenue guidance in line with estimates
Tuesday, 25 Feb 2014 11:16am EST 

SIMCORP A/S:Expects FY 2014 revenue to grow by 10 percent measured in local currencies, and EBIT margin of 24 percent measured in local currencies including the effect of the acquisition of Equipos Ltd.Reported revenue of 225.1 million euros and EBIT margin of 24.1 percent for FY 2013.FY 2014 revenue 250.82 million euros, EBIT margin 25.9 percent - Thomson Reuters I/B/E/S Estimates.  Full Article

SIMCORP reaches 100 pct ownership in UK-based Equipos
Tuesday, 25 Feb 2014 11:08am EST 

SIMCORP A/S:Enters into agreement to acquire the remaining 80 percent of shares in Equipos Ltd.Total cash consideration for the shares is 8.3 million pounds (10.0 million euros).Prior to the acquisition SimCorp owned 20 percent of the shares in Equipos.The acquisition will be effective as of March 1.Equipos is a provider of reporting software capabilities.  Full Article

SIMCORP A/S announces completion of share buyback program
Tuesday, 25 Feb 2014 03:04am EST 

SIMCORP A/S:Says it on Aug. 27, 2013, SimCorp A/S announced a share buyback program.Says in connection with the program it would repurchase shares for an amount of up to 20.0 mln euros (about 149.2 mln Danish crowns) in the period from Aug. 28, 2013 to Feb. 24.Says during the period from Aug. 2013 to Feb. it has repurchased a total of 789,212 shares equal to a transaction value of 20.0 mln euros (149.2 mln Danish crowns), and the share buyback program is hereby completed.  Full Article

Eagle Asset Management goes live with SimCorp Dimension
Thursday, 9 Jan 2014 08:59am EST 

SIMCORP A/S:Says Eagle Asset Management, Inc. has gone live with SimCorp Dimension.Says Eagle uses SimCorp for investment accounting, performance measurement, client reporting, and compliance.Financial details were not disclosed.  Full Article

SIMCORP specifies FY 2013 financial guidance
Monday, 6 Jan 2014 03:07am EST 

SIMCORP A/S:Specifies FY 2013 financial guidance.Expects FY 2013 revenue growth measured in local currencies to be between 9.5 percent and 10 percent.Expects FY 2013 EBIT-margin in reported currency (euros) of between 23.5 percent and 24 percent.Says previously estimated revenue growth to be above 8 percent in local currencies and EBIT-margin of 23 percent.  Full Article

Wustenrot & Wurttembergische extends use of SimCorp Dimension
Thursday, 19 Dec 2013 11:19am EST 

SIMCORP A/S:Says Wustenrot & Wurttembergische extends its SimCorp Dimension license agreement.Says the agreement covers additional users and functionality to further increase automation and extend the usage of the solution across the organization.Says Wustenrot & Wurttembergische has been a SimCorp client since 2000.  Full Article

BRIEF-Simcorp updates outlook for 2014 results

* Revises its expectation for revenue growth in reported currency to be above 6 pct (previously around 4 pct)

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