Edition:
United States

Simcorp Q3 EBIT above expectations at EUR ‍​19.6 mln


Tuesday, 14 Nov 2017 01:59am EST 

Nov 14 (Reuters) - SIMCORP A/S ::SIMCORP GROWS REVENUE BY 10% IN THE FIRST NINE MONTHS OF 2017 AND ADDS THREE NEW CLIENTS IN Q3 .‍SIMCORP MAINTAINS ITS EXPECTATIONS FOR REPORTED REVENUE GROWTH BETWEEN 9% AND 14% MEASURED IN LOCAL CURRENCY FOR 2017​.2017 ‍EXPECTATIONS FOR EBIT MARGIN MEASURED IN LOCAL CURRENCIES IS NARROWED TO BE BETWEEN 24% AND 26% (PREVIOUSLY 24%-27%)​.‍IN FIRST THREE QUARTERS OF 2017, SIMCORP GENERATED REVENUE OF EUR 229.2M, AN INCREASE OF 10.4%​.‍EBIT FOR NINE MONTHS WAS EUR 43.0M COMPARED WITH EUR 43.3M IN RESTATED 2016 FIGURES, A DECREASE OF 0.5%​.Q3 TOTAL REVENUE EUR 81.0‍​ MILLION (REUTERS POLL EUR 79.3 MILLION).Q3 EBIT EUR ‍​19.6 MILLION (REUTERS POLL EUR 16.8 MILLION).Q3 ORDER INTAKE EUR 15.6 ‍​MILLION (REUTERS POLL EUR 13.1 MILLION). 

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