News and announcements
  • New share buyback program1 September 2014

    The buyback program is being launched in accordance with the authorization granted by the shareholders at the Annual General Meeting on 31 March 2014 to repurchase up to 10% of the SimCorp’s share capital in the period until the next annual general meeting.

    The buyback program will be structured in compliance with the rules of Commission Regulation No. 2273/2003 of 22 December 2003, which provides protection against violation of insider trading legislation in connection with the execution of the buyback.

    SimCorp has appointed Danske Bank A/S as lead manager of the buyback program for EUR 10.0 million. Under the agreement Danske Bank A/S will purchase shares on behalf of SimCorp and will make its trading decisions independently of, and without influence by, SimCorp.

    The buyback program is subject to the following terms:

    • The purpose of the program is to reduce the share capital of SimCorp and to meet the obligations arising from SimCorp’s incentive scheme
    • Total purchases of own shares will be limited to a total market value of EUR 10.0m
    • Maximum number of shares that can be bought is 500,000 shares of DKK 1 each
    • Execution of the buyback will take place from 2 September 2014 to 13 February 2015
    • Maximum number of shares to be purchased in SimCorp per daily market session will be the equivalent to 25% of the average volume of SimCorp shares traded on NASDAQ OMX Copenhagen during the preceding 20 business days
    • During the life of the buyback program no shares will be purchased at a price exceeding the higher of the following two prices on NASDAQ OMX Copenhagen:

                      1.  The price of the last independent trade, and
                      2.  The highest current independent bid

    Details of transactions executed under the buyback program will be publicly disclosed on www.simcorp.com not later than the end of the seventh daily market session.

    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 35/2014

     

  • SimCorp A/S – Interim report January to June 2014 29 August 2014

    Summary


    SimCorp signed five new contracts in the second quarter of the year – four related to SimCorp Dimension and one related to the recently acquired SimCorp Coric.

    Revenue for H1 2014 increased 7% measured in local currencies and 5% in EUR and amounted to EUR 108.4m, EUR 5.3m higher than for the same period last year.

    EBIT for the six-month period was EUR 16.8m, compared with EUR 18.3m the year-earlier period. Currency exchange rate fluctuations have impacted EBIT positively by EUR 0.1m in the six-month period.

    Net profit for H1 2014 was EUR 12.7m compared with EUR 12.9m in H1 2013.

    SimCorp now expects revenue growth measured in local currencies to be 8-10% (previously 10%) including the impact of the Equipos acquisition. The expectation for EBIT margin is increased by around half a percentage point in both local and reported currencies and is now around 24.5% (previously 24%) and around 24.3% (previously 23.8%), respectively.

    At 30 June 2014, contracts equaling EUR 193m of the projected 2014 revenue had been secured, EUR 10m more than at the same point in time last year.

    Klaus Holse, SimCorp CEO comments: “The sale of new licenses picked up in Europe during Q2 after a slow start to the year. The challenges in the North American market are expected to continue into 2015, but with our new head of North America on board from September we have taken an important step to address the situation in this key market”.

    - - -


    SimCorp’s Board of Directors today considered and approved the Group’s interim report for the six months ended 30 June 2014. Highlights of the report are:

    • Revenue for H1 was up 7% y/y in local currencies and 5% y/y in reported currency to EUR 108.4m, including revenue of EUR 2.0m SimCorp Coric. Q2 revenue increased by 9% compared with the same period last year and amounted to EUR 58.8m, including revenue of EUR 1.5m SimCorp Coric.  Page 6
    • H1 order inflow was EUR 9.1m compared with EUR 15.2m in H1 2013. Q2 order inflow increased by 22% compared with Q2 2013 to EUR 7.1m. The order book decreased by EUR 2.3m during the quarter, and amounted to EUR 9.6m at 30 June 2014, compared with EUR 14.7m at the same time in 2013. Page 5
    • Income recognized from licenses and add-on licenses amounted to EUR 14.2m in the six-month period, a decrease of 1% y/y, and amounted to EUR 10.4m in Q2, an increase of 22% compared with the year-earlier period. Page 6
    • Revenue from professional services remained at a satisfactory level. Professional service fees for the first six months of the year were EUR 38.4m, up 8% relative to the same period last year. In Q2 professional fees were EUR 20.2m, an increase of 6% compared with the same period last year. Page 6
    • Maintenance income for the six months was EUR 54.2m, an increase of 5% relative to the same period last year. Maintenance income in Q2 2014 was EUR 27.5m, an increase of 6% compared with the year-earlier period. Page 6
    • Total cost for the six months amounted to EUR 91.6m, an increase of 8% compared with the same period in 2013. Excluding the impact of SimCorp Coric the growth was 4.5%. In Q2 total cost was EUR 46.9m, an increase of 9.6% on the same period last year. Excluding the impact from SimCorp Coric the growth was 5.1%. Page 7
    • H1 EBIT showed a profit of EUR 16.8m, which is 8% or EUR 1.5m lower than the same period last year, including a negative impact of EUR 1.0m from SimCorp Coric. Q2 EBIT was EUR 11.9m, against EUR 11.3m in Q2 last year, including a negative impact of EUR 0.5m from SimCorp Coric. Page 8
    • The H1 cash flow from operating activities was EUR 15.8m compared with EUR 22.4m in the same period of 2013 as a result of temporary delays in receivables. Page 10
    • The impact on the full year expectations from the Equipos Ltd. acquisition is maintained at a 2% points impact on revenue measured in both local and reported currencies and a 0.5% point negative impact on EBIT margin in both local and reported currencies. Page 10
    • SimCorp now expects full year revenue growth measured in local currencies of between 8% and 10% (previously 10%) and expects EBIT margin measured in local currencies to be around  24.5% (previously 24%). Based on currency rates at 31 July 2014 SimCorp now expects full-year revenue growth in reported currency of 7% to 9% (previously 8.5%) and EBIT margin in reported currency of around 24.3% (previously 23.8%). Page 12
    • At 30 June 2014, contracts equaling EUR 193m of the projected 2014 revenue had been secured, EUR 10m more than at the same time last year. The Group’s pipeline of potential license contracts supports the expected growth in revenue. Page 12

    Investor meeting

    SimCorp’s Executive Management Board will present this interim report at an investor meeting Monday 1 September 2014 at 9:00 a.m. at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public, and a live webcast of the presentation can be followed via this link, where it will be possible to ask questions online: http://www.media-server.com/m/p/7rqrqb2d.

    The presentation will be available afterwards via SimCorp’s website www.simcorp.com.

    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000) or
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)

    Company Announcement no. 34/2014

    Download the interim report in pdf

     

  • UNIGESTION chooses SimCorp Dimension27 August 2014

    UNIGESTION is a leading Swiss asset manager offering robust, tailor-made investment solutions, managing USD 15.8 billion of assets.  

    Headquartered in Geneva, UNIGESTION has offices in the major financial centers around the world including Zurich, London, Paris, New York, Toronto and Singapore.  

    UNIGESTION will use SimCorp Dimension for trade, order and portfolio management, compliance, performance, NAV control, data warehousing and reporting.
     

    Enquiries regarding this announcement should be addressed to:
    Emmanuel Colson, Managing Director, SimCorp France, +33 155355454
    Jochen Müller, Executive Vice President, Head of EMEA & APAC: +49 01718944315

     

    Company Announcement no. 33/2014

  • Presentation of SimCorp’s interim report January to June 201422 August 2014

    As previously announced SimCorp’s interim report for the first six months of 2014 will be released Friday 29 August 2014 in connection with the Board of Directors’ meeting that day. The report will be forwarded to NASDAQ OMX Copenhagen A/S immediately after the meeting which is expected to finish after 5:00 p.m.

    SimCorp’s Executive Management Board will present the report at an investor meeting Monday 1 September 2014 at 9:00 a.m. (CET) at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public, and a live webcast of the presentation can be followed via this link, where it will be possible to ask questions online: http://www.media-server.com/m/p/7rqrqb2d.

    Registration for participation in the investor meeting should be forwarded to Hanne Kirkegaard at hanne.kirkegaard@simcorp.com no later than Friday 29 August 2014.

    The presentation will be available afterwards via SimCorp’s website www.simcorp.com.

    SimCorp A/S

  • SimCorp Dimension version 5.6 introduces the Investment Management Warehouse14 August 2014

    SimCorp has released SimCorp Dimension version 5.6, the second of its two annual software releases. 

    As SimCorp evolves its data management capabilities, version 5.6 extends the Data Warehouse Manager by introducing the Investment Management Warehouse, a comprehensive, industry standard investment management data model for buy-side asset owners and asset managers.

    The enhanced and cost-efficient Data Warehouse Manager provides the essential all-in-one toolbox to integrate data from different sources to facilitate timely, highly automated and accurate reporting. It consists of an industry data model which has been tailored exclusively for buy-side investment managers. SimCorp’s data warehousing offering augments SimCorp’s overall data management strategy of timeliness, accuracy, completeness and transparency to optimize investment decision-making at capital market firms.

    Version 5.6 also introduces a wide range of enhancements across the entire investment processing value chain including: 

    • New front office functionality to improve compliance with relevant legislation and an additional dashboard to more easily track commissions.
    • A new alerts inbox in the middle office that provides an instant overview of calculations in the risk flow. Additional enhancements in the middle office include improvements to the performance management workflow, enabling asset managers to define specific benchmarks and simplify performance calculations and reporting.
    • Back office automation of workflow processes that improve transparency and a comprehensive overview of collateral management activities across all asset classes. Enhancements in the back office area will support the further reduction of cost and operational risk.

    “We are committed to staying constantly at the forefront of developments in the financial industry. The latest release is a response to the growing need for better transparency of processes and data,” says Chief Executive Officer at SimCorp, Klaus Holse. “Our substantial and on-going investment in R&D allows us to evolve our overall data strategy of ensuring improved data quality, timeliness and accessibility, which is crucial for a firm’s ability to have complete data in the investment decision making process. SimCorp’s established investment book of record coupled with the new investment management data warehouse are at the very core of this strategy.”

    The next version of SimCorp Dimension will be released in February 2015.

    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, SimCorp Corporate Communications (+ 45 3544 6474)

    About SimCorp
    Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.

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Chief Financial Officer

+45 3544 6858
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