SimCorp A/S – New revised guidance for 2020*)
Company Announcement no. 24/2020 On March 18, 2020, SimCorp withdrew its 2020 guidance due to the escalation of, and uncertainty caused by, the global Covid-19 outbreak, and as the negative impact on SimCorp’s 2020 performance could not be estimated at the time. There is still a high degree of uncertainty in the market, but based on the assumption that the global industry returns to more normal working conditions after the holiday break in July and August, but with some expected delays in signing deals, our new revised 2020 guidance is between -5% and 5% revenue growth measured in