Today SimCorp’s Board of Directors reviewed and approved the Group’s annual report for 2012. Highlights of the report are: Revenue was up 7% to EUR 209m (DKK 1.56bn) and the company posted an EBIT of EUR 46.9m (DKK 350m). The EBIT margin was 22.4%. SimCorp enters 2013 with EUR 150m revenue secured, an increase of EUR 16m compared with entering 2012 and has entered into three new SimCorp Dimension contracts during the first two months of 2013. SimCorp expects revenue growth to be in line with 2012 meaning 5% or more measured in local currencies, and an EBIT margin of 22% or more.
At the company’s Annual General Meeting SimCorp’s Board of Directors will suggest that dividend of EUR 20m be paid to the company’s shareholders, corresponding to DKK 35.00 per share of DKK 10. In addition, given there are no specific requirements for liquidity SimCorp expects to continue to buy back shares in 2013, with the intention to purchase for EUR 25m during the next six months.
The full annual report has been submitted to NASDAQ OMX Copenhagen A/S as an electronic document. The annual report is also available for download from SimCorp’s website www.simcorp.com, as are selected statements from Q4 2012.
SimCorp’s Executive Management Board will present the annual report at an investor presentation to be held on Thursday 28 February 2013 at 9:00 a.m. at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public, and an electronic meeting facility has been set up through the following webcast link, where it will be possible to ask questions online via e-mail: http://storm.zoomvisionmamato.com/player/simcorp/objects/v19chtmj/.
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. 12/2013