Company Announcement no. 21/2021
Q1 2021 highlights:
- Reported revenue was
EUR 110.0m , an increase of 6.9% when compared with Q1 2020, and an organic increase of 9.4% when measured in local currencies. -
EBIT was
EUR 23.9m compared withEUR 17.5m in Q1 2020. - EBIT margin was 21.8% compared with 17.0% in Q1 2020. The EBIT margin measured in local currencies was 22.5%.
-
Net profit was
EUR 20.2m compared withEUR 13.4m in Q1 2020.
-
Total order intake from initial and additional licenses of
EUR 12.6m was as expected lower than theEUR 19.9m signed in the same period last year. -
Since the closing of Q1 2021, one initial SimCorp Dimension contract and one new SimCorp Coric contract have been signed in
North America .
-
At
March 31, 2021 , the order book amounted toEUR 49.1m , an increase ofEUR 8.0m when compared with the order book atMarch 31, 2020 , but a decrease ofEUR 7.0m when compared with the order book atDecember 31, 2020 , primarily due to license sales signed in 2020 being recognized in Q1 2021, once conditions were met. -
Annual Recurring Revenue (ARR) for the last twelve months covering the period Q2 2020-Q1 2021 was
EUR 256.6m , an increase of 10.7% when compared with the period Q2 2019-Q1 2020, and an organic increase of 13.0% when measured in local currencies. -
Free cash flow was
EUR 39.4m , an increase of 22% when compared with Q1 2020.
Financial guidance 2021:
SimCorp maintains its expectations for 2021 as announced in its Annual Report 2020, i.e the expectations for 2021 are 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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At the end of the presentation there will be a Q&A session. It will also be possible to follow the presentation via this link: https://edge.media-server.com/mmc/p/opkieg2q
The presentation will be available prior to the conference call via
Enquiries regarding this announcement should be addressed to:
Investor contacts:
Media contact:
Mittal Shah, PR Manager - SimCorp
https://news.cision.com/simcorp/r/simcorp-reports-revenue-growth-of-6-9--and-ebit-margin-of-21-8--in-q1-2021,c3349263
https://mb.cision.com/Main/20103/3349263/1419220.pdf
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