SimCorp reports ARR (LTM) growth of 11.9% in H1 2022, as the journey towards being a SaaS provider progresses as planned
Company Announcement no. 36/2022Q2 2022 highlights · Total order intake was EUR 17.0m (EUR 30.2m in Q2 2021). · Strategic agreement signed with Challenger to launch a new stand-alone company to provide investment administration services. · Revenue was EUR 116.0m, a decrease of 2.3% compared with a relatively strong Q2 2021. · EBIT was EUR 6.2m (EUR 30.0m in Q2 2021) and the EBIT margin was 5.4% (25.2% in Q2 2021). · Net profit was EUR 9.3m (EUR 21.3m in Q2 2021). · User conference held in Nice in Q2 2022 with more than 500 clients and partners participating. ·