SimCorp reports revenue growth of 17% and EBIT margin of 22% in H1 2018
Company Announcement no. 11/2018 H1 2018 highlights: · Reported revenue was EUR 172.8m, an increase of 16.7% when compared with H1 2017, and an increase of 21.1% when measured in local currencies. As SimCorp Italiana, acquired in August 2017, accounted for 7.7%-points of the increase, organic revenue growth was 13.4%. · EBIT was EUR 37.4m compared with EUR 23.4m in H1 2017. EBIT stemming from SimCorp Italiana accounted for EUR 5.4m. Currency fluctuations impacted EBIT negatively by EUR 3.2m during the first half year. · EBIT margin was 21.6% compared with 15.8% in H1