Following Company Announcement 54 per 18 December 2014 SimCorp announces the following update to the expectations for the financial year 2014.
Besides the already announced new order signed on 28 December 2014 SimCorp signed one more smaller new order for SimCorp Dimension in Central Europe in Q4 2014 as well as one new order for SimCorp Coric in the US .
The new license order signed in Central Europe in Q4 2014 was not one of the deferred orders to be signed in 2015 that was mentioned in Company Announcement 54 on 18 December 2014. Sales to existing customers also exceeded the expectations that was the base for the announcement on 18 December 2014.
Based on this SimCorp revises its expectation for revenue growth in reported currency to be above 6% (previously around 4%). Expectations for EBIT margin in reported currency is now more than 23% (previously around 23%).
In local currencies, SimCorp now expects revenue growth to be above 6% (previously around 4%). Expectations for EBIT margin in reported currency is now above 23% (previously around 23%).
SimCorp will, as previously announced, issue the annual report for 2014 on 16 February 16 2015.
Enquiries regarding this announcement should be addressed to:
Company Announcement no. 1/2015