Today, SimCorp’s Board of Directors reviewed and approved the Group’s annual report for 2010. Highlights of the report are: Revenue was up 3% to EUR 185m (DKK 1.38bn) and posted EBIT of EUR 35.2m (DKK 262m).
The EBIT margin was 19.0%. SimCorp enters 2011 with 19% more revenue secured contracts compared with entering 2010. At the company’s Annual General Meeting SimCorp’s Board of Directors will suggest that dividend of EUR 17.9m be paid to the company’s shareholders, corresponding to DKK 30.00 per share of DKK 10. In addition, given there are no specific requirements for liquidity SimCorp expects to continue to buy back shares in 2011, with the intention to purchase for EUR 5m during the first six months.
The full annual report has been submitted to NASDAQ OMX Copenhagen A/S as an electronic document.