SimCorp reports revenue growth of 23% and EBIT margin of 26% in Q1 2018
Company Announcement no. 07/2018 Q1 2018 highlights: · Q1 2018 reported revenue was EUR 89.9m, an increase of 23.0% when compared with Q1 2017, and an increase of 28.8% when measured in local currencies. The acquisition of SimCorp Italiana accounted for 10.8%-points of the increase, with underlying organic revenue growth of 18.0%. · EBIT was EUR 23.3m compared with EUR 10.2m in Q1 2017. EBIT stemming from SimCorp Italiana, acquired in August 2017, accounted for EUR 4.7m, Q1 being the most profitable quarter for SimCorp Italiana. Currency fluctuations impacted EBIT negatively by