Interim report as of 30 June 2010 - SimCorp A/S

SimCorp A/S / 

26.08.2010 17:38

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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SimCorp's business performed broadly in line with expectations in the first six
months of the year. At EUR 85.2m, H1 revenue decreased marginally compared with
the year-earlier period. After increased costs for expansion of sales and
distribution activities as well as non recurring costs during the six months,
EBIT for the period was EUR 5.9m compared with EUR 14.6m in H1 2009. 

SimCorp retains its projections for 2010 of a reported revenue growth and an
overall business growth of around 10%. The projections are based on the
prevailing exchange rates which positively have impacted the projected level
for SimCorp's reported revenue growth. In addition it should be noted that the
financial forecast is subject to greater uncertainty than in previous years, as
part of the growth is assuming conclusion of new license orders this year,
which involve some uncertainty in respect of timing and recognition in the
income statement. Given the above assumptions and uncertainty, the EBIT margin
for 2010 is still expected to be around 22%. 

News Source: NASDAQ OMX



26.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SimCorp A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0016026164
WKN:          
 
End of News                                     DGAP News-Service
 
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