Company Announcement no. 35 / 2021
Q2 2021 highlights:
- Reported revenue was
EUR 118.8m , an increase of 11.3% when compared with Q2 2020. Measured in local currencies, organic revenue increased by 12.7% when compared with Q2 2020. -
EBIT was
EUR 30.0m and EBIT margin was 25.2% compared with EBIT ofEUR 26.0m and EBIT margin of 24.4% in Q2 2020. - In Q2 2021, three new SimCorp Dimension orders and one new SimCorp Coric order were signed.
-
Order intake was
EUR 30.2m , an increase ofEUR 13.3m or 78.7% compared with Q2 2020.
H1 2021 highlights:
- Reported revenue was
EUR 228.7m , an increase of 9.1% compared with H1 2020. Measured in local currencies, organic revenue increased by 11.1% when compared with H1 2020. -
EBIT was
EUR 53.9m compared withEUR 43.5m in H1 2020. - EBIT margin was 23.6% compared with 20.8% in H1 2020. Measured in local currencies, EBIT margin was 24.2%.
-
Net profit was
EUR 41.5m compared withEUR 31.6m in H1 2020. -
Order intake was
EUR 42.8m compared withEUR 36.8m in H1 2020. -
At
June 30, 2021 , the order book amounted toEUR 52.1m , an increase ofEUR 13.0m when compared with the order book atJune 30, 2020 , but a decrease ofEUR 4.0m when compared with the order book atDecember 31, 2020 . The decrease compared withDecember 31, 2020 was primarily due to license sales signed in 2020 being recognized in H1 2021, once conditions were met. -
Annual Recurring Revenue (ARR) for the last twelve months covering the period Q3 2020-Q2 2021 was
EUR 263.3m , an increase of 9.5% when compared with the period Q3 2019-Q2 2020, and an increase of 12.0% when measured in local currencies. -
Free cash flow was
EUR 57.8m , an increase of 9.4% when compared with H1 2020.
Subsequent events:
- As per Company Announcement no. 34/2021,
Christian Kromann will succeedKlaus Holse as Chief Executive Officer, effectiveSeptember 2, 2021 . Christian has served asSimCorp Chief Operating Officer and member of the Executive Management Board sinceAugust 2019 . -
On
July 29, 2021 , theEUR 20.0m share buyback program announced onFebruary 10, 2021 was completed. In addition, provided no specific requirements for liquidity arise,SimCorp intends to purchase additional shares for up toEUR 20m over the next four months.
Financial guidance 2021:
SimCorp maintains its expectations for 2021, as announced in its Annual Report 2020 and Q1 2021 Interim Report, to grow revenue in local currencies by between 6% and 11%, and to generate an EBIT margin measured in local currencies of between 24.5% and 27.5%.
Investor presentation
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Media contacts:
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https://news.cision.com/simcorp/r/simcorp-reports-revenue-growth-of-9-1--and-ebit-margin-of-23-6--in-h1-2021,c3395934
https://mb.cision.com/Main/20103/3395934/1453660.pdf
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