Following continued high activity levels in professional services from Q3 2013 into Q4 2013 and a high level of additional license contracts signed in Q4 2013 SimCorp updates its expectations of the financial results for 2013 and now expects:
- Revenue growth measured in local currencies between 9.5% and 10% (previous guidance above 8% in local currencies)
- EBIT-margin in reported currency (EUR) between 23.5% and 24% (previous guidance above 23%)
The currency impact on revenues is expected to be in line with the levels indicated during the presentation of the Q3 2013 results, meaning a negative impact on revenues of around EUR 5m for the full year.
The updated expectations are based on preliminary and unaudited figures at the end of December 2013.
SimCorp’s annual report for 2013 will be published on 25 February 2014 where SimCorp will also comment on expectations for 2014.
Enquiries regarding this announcement should be addressed to:
Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 2326 0000)
Company Announcement no. 01/2014