Interim report as of 31 March 2011 - SimCorp A/S

SimCorp's business performed satisfactorily in the first three months of the year, as revenue for 2011 secured by contract was 8% higher than at the same time last year, and the net profit for the period increased by 97%.

Q1 revenue was down by 2% compared with the year-earlier period to EUR 39.7m. EBIT for the three-month period was EUR 3.0m, up 43% compared with the year-earlier period. SimCorp upholds its projections for 2011 of revenue growth measured in local currencies of more than 5% and an EBIT margin exceeding 20%.