Nov 20, 2008 - Announcement
In a turbulent market environment, SimCorp’s business performed satisfactorily in the first nine months of the year. 9M revenue was up by 9% compared with the year-earlier period to EUR 118.1m. The scheduled staff intake of 26% over the past 12 months has increased the cost by 20%, bringing EBIT for the nine-month period to EUR 17.1m, down EUR 6.2m y/y. SimCorp upholds its full-year projections of revenue in the EUR 170 - 180m range with an EBIT margin of 21 - 24%.
