Simcorp A/S (Seite 4)

[R-BgO]

SimCorp A/S
Annual Financial Report

SimCorp Annual Report 2016: Record high order intake, EBIT Growth of 12.6% and breakthrough in North America


SimCorp’s Board of Directors has reviewed and approved the Group’s annual report for 2016. In 2016, revenue grew 6.5% to EUR 295.9m and the company reports EBIT of EUR 68.2m. In local currencies revenue grew 8.1% and EBIT margin was 22.8%.

Non-GAAP1 revenue grew 10.7% to EUR 307.7m and the company reports non-GAAP EBIT of EUR 80.0m. In local currencies non-GAAP revenue grew 12.4% and non-GAAP EBIT margin was 25.8%.

SimCorp will for the financial year 2017 adopt the new revenue standard IFRS15, which means that revenue recognition for subscription based license will be the same as revenue recognition for perpetual license. The non-GAAP reporting will therefore be discontinued from 2017.

On the transition to the new revenue standard, SimCorp will recognize in retained earnings the cumulative effect of initially applying the standard at 1 January 2017. Approximately EUR 28.5m will be released from order book and after provisions for deferred taxes of EUR 6.5m, a net of approximately EUR 22m will be transferred to retained earnings.

In 2017, SimCorp expects revenue growth after adopting IFRS15 to be between 7% and 12% measured in local currencies, and EBIT margin to be between 25% and 28% measured in local currencies. The impact of currency fluctuations is expected to be positive by around 0.4% points on reported revenue and around 0.3%-points positive on EBIT margin.

At the company’s Annual General Meeting, SimCorp’s Board of Directors will propose that a dividend of EUR 33.3m be paid to the company’s shareholders, corresponding to DKK 6.25 per share of DKK 1, an increase of 19% compared with 2015.

In addition, given there are no specific requirements for liquidity, SimCorp expects to continue to buy back shares in 2017, with the intention to purchase shares for EUR 35m in the the following 12 months in two half yearly buy-back programs of EUR 17.5 each.

The full annual report has been submitted to NASDAQ OMX Copenhagen A/S in pdf. The annual report is also available for download from SimCorp’s website: http://www.simcorp.com/en/about/investor/annual-report-2016.

SimCorp CEO, Klaus Holse comments: “2016 was another good year for SimCorp with performance above our initial financial guidance, we achieved a total of 12 new SimCorp Dimension clients and the highest order intake in the company’s history. Five of the new clients came from North America, which is the best performance since 2012. We also expanded our footprint in Southern Europe with new clients in Italy and Spain and consolidated our position in the Nordic region with two new clients in Sweden.

Generally, we see an increasing appetite for broad-scoped, integrated solutions that help investment managers simplify their operations. SimCorp Dimension has a unique position in this space and we continue to invest around 20% of our annual revenue on the R&D to keep our solutions at the forefront of industry demands.”

[cash_is_king]

Auszug aus der Pressemeldung von heute:

"The Retirement Systems of Alabama Selects SimCorp Dimension for New Back Office Platform
SimCorp, a leading provider of investment management solutions and services for the global financial services industry today announced that The Retirement Systems of Alabama (RSA), a United States pension plan, has selected SimCorp Dimension as its new back office platform, including investment accounting, reconciliation, cash management, general ledger, corporate actions and data warehouse."

[cash_is_king]

Antwort auf Beitrag Nr.: 53.953.178 von smallcapsinvestments am 25.12.16 11:18:05

Ich weiß, ich bin seit gut 10 Jahren Aktionär und so lange arbeite ich auch schon mit der Software. Der Kurs hat sich 2015 verdoppelt, das 2017er KGV wird mir bei Consors mit 32 angezeigt. Da ist schon ein gewisser Optimismus eingepreist. In Europa wird sich das Wachstum vermutlich etwas verlangsamen, weil der Markt schon recht gut abgegrast ist. In welchem Tempo das Auslandswachstum weiter geht, wird sich zeigen. Ich werde meine Stücke auf jeden Fall behalten, mit Zukäufen bin ich aktuell allerdings vorsichtig.

[smallcapsinvestments]

Die "hohe" Bewertung ist m. M. wohl gerechtfertigt. Mal so ausgedrückt, kenne die Firma fast seit ihrer Anfangszeit. Einmal von der Anwender-/Entwicklerseite (Banking- und KVG-Bereich), als es in DE erst eine Handvoll Kunden gegeben hat und das Produkt "SCD" noch im Entstehen war (RentSim/2 -> TMS2000 -> SCD), aber auch die mittlerweile entscheidenden Jungs aus Kopenhagen haben zum Teil in Bad Homburg mal "klein" angefangen. Bin übrigens seit langem Aktionär, habe da immer nur einen "kleinen" Interessenskonflikt, wenn es um kostenpflichtige Weiterentwicklungen oder um Consultingkosten geht.

[cash_is_king]

Antwort auf Beitrag Nr.: 53.951.363 von R-BgO am 24.12.16 11:33:28

Meanwhile in Sweden:

www.reuters.com/article/idUSFWN1EH0RE

Ich frage mich gerade, ob die hohe Bewertung der Aktie nicht doch gerechtfertigt ist...

[R-BgO]

Generali Selects SimCorp Dimension as Its New Front-To-Back Investment Management Platform

This announcement was published earlier today, categorized as a ‘Press Release’. In accordance with SimCorp’s Investor Relations Policy, the right categorization is ‘Company Announcement’.

_ _ _

SimCorp announces that it has signed a large perpetual license agreement with Generali for its asset management company, Generali Investments, plus its insurance companies in Italy and France to use SimCorp Dimension as their new enterprise investment management solution.

Generali will be using SimCorp Dimension across front, middle and back office, among other things leveraging SimCorp Dimension’s integrated IBOR (Investment Book of Record), investment accounting, data warehouse, reporting, and portfolio management solutions.

Bruce Hodges, Generali Group Chief Information & Digital Officer comments: “The agreement with SimCorp will strengthen our innovation capabilities, allowing us to better drive operational efficiencies and support future growth. We look forward to working with them in rolling out this new platform.”

”SimCorp CEO, Klaus Holse comments: “This is an important client win for us for several reasons. Firstly, it gives us a bridgehead into the Italian market, where we will now open a new office. Secondly, when a major player like Generali Group signs up for front, middle and back office in one go, it once again confirms the viability of our integrated solution strategy. We look very much forward to the collaboration with Generali.”

[R-BgO]

SimCorp A/S - Chief Financial Officer resigns

The Board of Directors of SimCorp A/S informs, that Chief Financial Officer Thomas Johansen steps down with immediate effect. SimCorp will shortly initiate a process for recruitment of a new CFO.

The expectations to the financial result for 2016, which were provided 10 November 2016 in connection with the announcement of the financial results for the first nine months of 2016, are not impacted by this announcement.

Any questions regarding this company announcement should be directed to the Chairman of the Board of Directors Jesper Brandgaard, who may be contacted on [phone].

[R-BgO]

Antwort auf Beitrag Nr.: 53.351.181 von cash_is_king am 26.09.16 19:54:14

Interim Report 9M 2016: Eleven New Clients and Revenue Growth of 8.5%

Summary

9M 2016 reported revenue was EUR 202.3m, an increase of 4.2% and an increase of 6.2% when measured in local currencies compared with 9M 2015.

9M 2016 adjusted non-GAAP[1] revenue was EUR 206.7m, an increase of 6.5% and an increase of 8.5% when measured in local currencies.

Total order book value increased by 43% during the nine months driven by SimCorp Dimension orders based on subscription licensing terms and SimCorp Coric orders on subscription based licensing terms. The order book was valued at EUR 34.4m at September 30, 2016 and continues to be at an all time high.

At September 30, 2016, EUR 261m of the projected 2016 revenue had been contractually secured, EUR 11m more than at the same time last year.

SimCorp maintains its expectations as updated on September 24, 2016. Revenue growth measured in local currencies is expected to be between 5% and 10%, and the expectation for EBIT margin measured in local currencies is between 22% and 24%. SimCorp expects the adjusted non-GAAP revenue growth in local currencies to be between 10% and 15% and the adjusted non-GAAP EBIT margin measured in local currencies to be between 24% and 28%.

Klaus Holse, SimCorp CEO comments: ”With three new SimCorp Dimension clients, including a major new client in North America and two new SimCorp Coric clients we have had a satisfactory Q3. The underlying business activity in our markets remains high and based on the outlook, we have started investing further into our long term delivery capabililities.”

[cash_is_king]

ein neuer dicker Fisch: Franklin Templeton:

http://www.simcorp.com/en/news-and-announcements/2016/09/fra…

[R-BgO]

SimCorp Updates Expectations for the Year

At the outset of 2016, SimCorp expected that 75% of the new SimCorp Dimension licenses signed during the year would be on subscription based terms and 25% would be on perpetual based terms. Based on the order inflow so far in 2016 and taking into account that the new North American client, which was announced today (see Company Announcement no 37/2016) is also on perpetual licensing terms, SimCorp now expects that split to be around 50% on subscription and 50% on perpetual based terms.

Consequently, SimCorp updates its 2016 expectations for revenue growth measured in local currencies to be between 5% and 10% (previously between 3% and 8%) and EBIT margin measured in local currencies to be between 22% and 24% (previously between 21% and 24%).

Further, SimCorp updates its expectations for growth in adjusted non-GAAP revenue measured in local currencies to be between 10% and 15% (previously between 8% and 15%). The expectation for adjusted non-GAAP EBIT margin measured in local currencies is maintained between 24% and 28%.