News and announcements
  • SimCorp A/S – Interim report January to September 201426 November 2014

    Summary

    SimCorp signed three new contracts in the third quarter of the year – two related to SimCorp Dimension and one related to SimCorp Coric.

    Total revenue for the first nine months of 2014 increased 5% measured in local currencies and 4% in EUR and amounted to EUR 164.1m, EUR 6.5m higher than for the same period last year.

    By comparison with last year revenue from additional license sales to existing customers decreased by 31%.

    EBIT for the nine-month period was EUR 28.8m, compared with EUR 31.8 for the year-earlier period. Currency exchange rate fluctuations have impacted EBIT positively by EUR 0.8m for the nine-month period.

    Net profit for the nine-month period was EUR 21.2m compared with EUR 22.9m for the same period last year.

    At 30 September 2014, contracts equaling EUR 210m of the projected 2014 revenue had been secured, EUR 6m more than at the same time last year.

    SimCorp revises its guidance for revenue growth measured in local currencies to be around 7% (previously between 8% and 10%) and also revises its guidance for EBIT margin measured in local currencies to be around 24% (previously 24.5%).This is a reflection of the uncertainty in timing of a number of contracts that are in late stage negotiations with new as well as existing customers.

    Based on the currency exchange rates at 31 October 2014 SimCorp now expects revenue growth in reported currency to be around 7% (previously between 7% and 9%) mainly driven by the development in the exchange rate in the USD. The reported EBIT margin is revised to be around 24% (previously 24.3%).

    Klaus Holse, SimCorp CEO comments: “The growth of SimCorp in 2014 is being built on strong performance in Europe. In the important North American market the successful onboarding of the new leadership assures me that we are on the right track to unlock the long-term potential of SimCorp.“

    Download the interim report in pdf

  • Share buyback program 25 November 2014

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.6m) in the period from 2 September 2014 to 13 February 2015.

    The following transactions have been executed under the program:

    Date                

     

    Number of shares

     

    Average purchase price (DKK per share)

    Amount (DKK)

     

    Accumulated under the program as of last announcement:

    322,698

    165.98

    53,561,266

    18 November 2014

    1,400

    174.87

    244,818

    19 November 2014

    2,000

    172.73

    345,460

    20 November 2014

    2,000

    169.73

    339,460

    21 November 2014

    2,100

    168.95

    354,795

    24 November 2014

    2,000

    169.38

    338,760

    Accumulated under the program following above purchases:

    332,198

    166.12

    55,184,559


    Following above purchases, SimCorp holds 908,066 treasury shares corresponding to 2.19% of the share capital.

    Purchases for an amount of EUR 2.6m (approx. DKK 19.4m) remain to be executed under the program.

    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. 48/2014

     

  • Leading German Fund Administrator Enhances License Agreement with SimCorp24 November 2014

    SimCorp announces that it has entered into a strategic software license agreement with an existing client, a leading German provider for fund administration and back office services.

    **

    Enquiries regarding this announcement should be addressed to:
    Claudia Rosenhövel, Managing Director, Sales and Account Management, SimCorp Central Europe (+49 6172 924015, +49 1707 840518)
    Jochen Müller, Executive Vice President, SimCorp A/S (+45 3544 6477, +45 6040 6477)


    Company announcement no. 47 

  • Alberta Investment Management Corporation Realizes Significant Gains with SimCorp Dimension21 November 2014

    SimCorp today released a video describing the benefits that Alberta Investment Management Corporation (AIMCo) has realized since the firm initiated an organization-wide undertaking, known as ‘AIMCo Innovations,’ to modernize its investment systems and processes with SimCorp Dimension. AIMCo is one of Canada’s largest and most diversified institutional investment fund managers with more than $80 billion in assets under management. AIMCo’s 27 clients include pension funds, endowment funds and the Alberta Heritage Savings Trust Fund for the Government of Alberta.

    View video

    Watch the video to learn how AIMCo:

    • Saves $500K annually without increasing the FTE (full time equivalent personnel)
    • Is able to reconcile a single transaction across three different accounting frameworks, taking into account regional practices and multiple currencies
    • Is able to be a low cost provider to its clients

    “As we were transforming as a company, we began doing far more complex investments and we knew that the operating system in place would not support our plans for the future,” said Michael Baker, Senior Vice President, Investment Operations at AIMCo. “We realized that we needed to be a data driven organization with the ability to provide accurate, timely data to our risk and investment professionals to allow them to make sound investment decisions. This concept was the genesis of ‘AIMCo Innovations’. By aligning ourselves with a best in class system, our clients now benefit from one of the most robust decision making platforms in the investment world, and we leverage that data to earn the best risk-adjusted returns on their behalf. AIMCo manages money for 300,000 pensioners and also helps to fund scholarships, so fiscal prudence is critical. It is what allows us to do the best job possible to support our clients.”

    “An organization like AIMCo cannot effectively manage risk for its clients without reliable data,” notes James Corrigan, Managing Director at SimCorp North America. ”As a result of ‘AIMCo Innovations’, today, there is high-quality information that is consistent, reconcilable and understandable. Outdated processes and systems have been replaced with modern, effective infrastructure and software, significantly reducing operational risk and increasing efficiency. We are proud to be AIMCo’s partner of choice to help achieve these goals.”

    To view the full video, please visit here.

     

    Enquiries regarding this announcement should be addressed to:
    Susan Peter, SimCorp North America, 917-546-4654

  • Presentation of SimCorp’s interim report January to September 201419 November 2014

    As previously announced SimCorp’s interim report for the first nine months of 2014 will be released Wednesday 26 November 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 pm.

    SimCorp’s Executive Management Board will present the report at an investor meeting Thursday 27 November 2014 at 9:00 am (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/siz8qcdn.

    Registration for participation in the investor meeting should be forwarded to Hanne Kirkegaard at hanne.kirkegaard@simcorp.com no later than Wednesday 26 November 2014.

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

    SimCorp A/S

SimCorp's Annual Report 2013Read about our performance for 2013 and our plans for 2014.Download
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Chief Financial Officer

+45 3544 6858
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