SimCorp's Annual Report 2014

Today SimCorp’s Board of Directors reviewed and approved the Group’s annual report for 2014. Highlights of the report are: Revenue was up 7.1% to EUR 241.1m (DKK 1.8bn), and the company posted an EBIT of EUR 57.3m (DKK 427m). The EBIT margin was 23.8%.

SimCorp enters 2015 with EUR 168.8m of the 2015 revenue secured, an increase of EUR 11.8m compared with entering 2014. SimCorp expects revenue growth of 5-10% measured in local currencies, and an EBIT margin of between 23% and 26% measured in local currencies. The impact of currency fluctuations is expected to be positive by 3% on reported revenue and 1% on EBIT margin.   

At the company’s Annual General Meeting, SimCorp’s Board of Directors will suggest that dividend of EUR 24.7m be paid to the company’s shareholders, corresponding to DKK 4.50 per share of DKK 1, an increase of 12.5% over 2013.

In addition, given there are no specific requirements for liquidity, SimCorp expects to continue to buy back shares in 2015, with the intention to purchase for EUR 10m during the next six months. For the full year SimCorp expects to buy back shares for a total value of EUR 20m.

The full annual report has been submitted to NASDAQ OMX Copenhagen A/S in pdf. The annual report is also available for download from SimCorp’s website

Klaus Holse, SimCorp CEO comments: “The last quarter of 2014 confirmed the viability of SimCorp´s solutions as additional licenses increased to the highest level for one single quarter ever. In total SimCorp signed 12 new clients in 2014, of which 8 were on the SimCorp Dimension platform, and despite the lack of new SimCorp Dimension orders from North America, SimCorp grew revenue by 7.6% in local currencies – an achievement of which we are proud. We remain confident that our growth strategy and continued focus on our customers through world class product offerings will lead to double digit growth rates for SimCorp.”

Investor meeting
SimCorp’s Executive Management Board will present the annual report at an investor presentation to be held on Tuesday 17 February 2015 at 9:00 a.m. (CET) at the company’s headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will be open to the public, and a live webcast of the presentation can be followed via this link, where it will be possible to ask questions online:

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. 09/2015