Aug 21, 2007 - Announcement
The financial performance was highly satisfactory in the first half-year and business activity continued to perform strongly. H1 revenue was up by 40% to EUR 73.5m (excluding the impact of the recently divested IT2 business). The H1 EBIT was EUR 16.5m, an improvement of EUR 6.8m. SimCorp upgrades expectations and now projects 2007 revenue of EUR 150-160m against the previous forecast of around EUR 146m and an EBIT margin around 24% against the previous forecast of around 20%.
