The first three months of the year were satisfactory. Q1 revenue amounted to EUR 49.0m, an increase of 3% both in EUR and when measured in local currencies.
EBIT for the three-month period was EUR 7.0m, up 10% compared with the year-earlier period. Net profit for the period increased by EUR 0.6m compared with Q1 2012 and amounted to EUR 5.0m.
Order intake from licenses and add-on licenses was EUR 9.4m, which was an increase of 100% compared with the same period last year.
SimCorp maintains its expectations for 2013 revenue growth measured in local currencies of more than 5%, and an EBIT margin exceeding 22%. At 31 March 2013, contracts equalling EUR 172m of the projected 2013 revenue had been secured, EUR 21m more than at the same point in time last year.
Company Announcement no. 31/2013