SimCorp reports revenue growth of 3% and EBIT margin of 17% in Q1 2020
Company Announcement no. 25/2020 Q1 2020 highlights: · Revenue and EBIT margin in Q1 2020 were in line with our expectations but EBIT margin was lower than the strong Q1 2019. · Reported revenue was EUR 102.9m, an increase of 3.2% when compared with Q1 2019, and an increase of 2.5% when measured in local currencies. Measured in local currencies, and excluding M&A activities, the organic revenue was on same level as in Q1 2019. · EBIT was EUR 17.5m compared with EUR 26.4m in Q1 2019. · EBIT margin was 17.0% compared with 26.5% in Q1 2019. Organic EBIT margin was 18.7%. ·