Interim report for Q1 2016: Three North American Orders and Improved Outlook for The Year
SimCorp’s Board of Directors today reviewed and approved the Group’s interim report for the three months ended 31 March 2016. Summary Q1 reported revenue was EUR 59.6m, an increase of 5.5% and an increase of 6.9% when measured in local currencies. Adjusted non-GAAP[1] (file:///S:/2016-05-10_15_UK_Announcement_Q1.docx#_ftn1) revenue was EUR 64.4m, an increase of 13.9% and an increase of 15.4% when measured in local currencies. EBIT for the three-month period was EUR 5.9m, compared with EUR 6.6m in the year-earlier period. Adjusted non-GAAP EBIT increased by 61% to EUR 10.6m.