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BRIEF-Simcorp q2 EBIT EUR 13.2 million, misses expectations
August 24, 2017 / 6:34 AM / in 4 months

BRIEF-Simcorp q2 EBIT EUR 13.2 million, misses expectations

Aug 24 (Reuters) - Simcorp A/S

* GROWS REVENUE BY 12.9% IN H1 2017 DRIVEN BY A STRONG PERFORMANCE IN PROFESSIONAL SERVICES

* H1 2017 REPORTED REVENUE WAS EUR 148.2M, AN INCREASE OF 12.9% WHEN COMPARED WITH RESTATED H1 2016

* EBIT FOR H1 2017 WAS EUR 23.4M COMPARED WITH EUR 22.6M IN RESTATED H1 2016

* NET PROFIT FOR H1 2017 WAS EUR 16.9M COMPARED WITH EUR 16.9M IN RESTATED H1 2016

* SIMCORP MAINTAINS ITS EXPECTATIONS FOR REPORTED REVENUE GROWTH BETWEEN 9% AND 14% MEASURED IN LOCAL CURRENCY FOR 2017

* ACQUISITION OF APL ITALIANA IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON EBIT MARGIN

* Q2 TOTAL REVENUE EUR 75.1 MILLION (REUTERS POLL EUR 78.4 MILLION)

* Q2 EBIT EUR 13.2 MILLION (REUTERS POLL EUR 17.0 MILLION) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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