SimCorp signed two new SimCorp Dimension contracts and one new SimCorp Coric contract in the third quarter of the year.
Total order inflow in Q3 2105 was EUR 17.7m, an increase of EUR 9.9m compared to Q3 2014. In the first nine months of 2015 total order inflow was EUR 48.7m, an increase of EUR 31.7m compared to same period last year.
Q3 2015 revenue was EUR 69.6m, a quarterly increase of 25% measured in EUR and 19% measured in local currencies. Revenue for the nine months was EUR 194.1m, an increase of 18% measured in EUR and 12% measured in local currencies compared with the same period last year
EBIT for Q3 2015 was EUR 19.7m, compared with EUR 12.0m in Q3 2014, an increase of 64%. Currency exchange rate fluctuations have impacted EBIT positively by EUR 1.6m in the quarter. EBIT for the nine-month period was EUR 43.0m, compared with EUR 28.8m for the same period in 2014, an increase of 49%. Currency exchange rate fluctuations have impacted EBIT positively by EUR 3.8m in the nine months.
Net profit before tax for Q3 2015 was EUR 19.4m compared with EUR 12.1m in Q3 2014, and net profit before tax was EUR 41.6m for the first nine months of 2015 compared with EUR 28.9m in the same period of 2014.
SimCorp maintains its expectations for 2015 for revenue growth measured in local currencies to be between 7% and 12% and for EBIT margin measured in local currencies to be between 23.5% and 26.5%.
At 30 September 2015 EUR 250m of the projected 2015 revenue had been contractually secured, EUR 40m more than at the same point in time last year.
Klaus Holse, SimCorp CEO comments: “I am very satisfied with the continued strong order inflow in the third quarter, pushing us past what we signed in all of 2014. We are pleased that it is some of the largest investment managers in the world that select SimCorp, making the agreements signed this year on average larger than in the past few years. We continue to see strong demand for our Front Office solution and take particular pride in signing the first major Front Office deal in the US with one of our existing clients”.
Company Announcement no. 51/2015