Report Publication Announcement • Feb 28, 2011
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Download Source FileToday, SimCorp's Board of Directors reviewed and approved the Group's annual
report for 2010. Highlights of the report are: Revenue was up 3% to EUR 185m
(DKK 1.38bn) and posted EBIT of EUR 35.2m (DKK 262m). The EBIT margin was
19.0%. SimCorp enters 2011 with 19% more revenue secured contracts compared
with entering 2010. At the company's Annual General Meeting SimCorp's Board of
Directors will suggest that dividend of EUR 17.9m be paid to the company's
shareholders, corresponding to DKK 30.00 per share of DKK 10. In addition,
given there are no specific requirements for liquidity SimCorp expects to
continue to buy back shares in 2011, with the intention to purchase for EUR 5m
during the first six months.
The full annual report has been submitted to NASDAQ OMX Copenhagen A/S as an
electronic document. The annual report is also available for download from
SimCorp's website www.simcorp.com, as are selected statements from Q4 2010.
Investor meeting
SimCorp's Executive Management Board will present the annual report at an
investor meeting to be held on Tuesday, 1 March 2011 at 9:00 a.m. at the
company's headquarters, Weidekampsgade 16, 2300 Copenhagen S. The meeting will
be open to the public. An electronic meeting facility has been set up through
the following webcast, where it will also be possible to ask questions online
via e-mail: http://storm.zoomvisionmamato.com/player/simcorp/objects/h3vnrd5k.
The presentation will be available afterwards via SimCorp's website
www.simcorp.com.
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Enquiries regarding this announcement should be addressed to:
Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076
1841) or
Niels Beck, Senior Vice President, SimCorp A/S (+45 3544 8800, +45 2270 1433) or
Thomas Bry, Senior Vice President, SimCorp A/S (+45 3544 8800, +45 2092 7454).
SimCorp A/S
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