SimCorp A/S provided earnings guidance for the fiscal year 2022. For the period, the company expects to grow revenue in local currencies by between 7% and 12%, and to grow Annual Recurring Revenue (ARR) in local currencies by between 10% and 15%, and to generate an EBIT margin measured in local currencies of between 23.0% and 26.0%, excluding expected exceptional costs in 2022 of EUR 3-5 million in relation to supporting Ukrainian employees and their families, and excluding expected one-off costs of EUR 8-10 million related to the operating model restructuring programme.
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- SimCorp A/S Provides Earnings Guidance for the Fiscal Year 2022