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simcorp a/s (SICRF) Key Developments

SimCorp A/S Board Recommends Dividend for 2014 Payable on March 26, 2015; Reports Group and Parent Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year of 2015

SimCorp A/S Board of Directors intends to recommend to the shareholders at the annual general meeting that dividends be declared at the rate of DKK 4.50 per share of DKK 1 ­ an increase of 12.5% from 2013. Dividends for the financial year 2014 are expected to be paid on March 26, 2015. The company reported group and parent earnings results for the year ended December 31, 2014. For the period, the company reported revenue of EUR 241,069,000 compared to EUR 225,129,000 a year ago. Earnings before interest, tax, depreciation and amortization (EBITDA) were EUR 61,044,000 compared to EUR 57,085,000 a year ago. Profit from operations was EUR 57,263,000 compared to EUR 54,236,000 a year ago. Profit before tax was EUR 57,516,000 compared to EUR 54,006,000 a year ago. Profit for the year was EUR 41,583,000 compared to EUR 39,336,000 a year ago. Return on equity was 53.1% compared to 46.8% a year ago. Diluted earnings per share were EUR 1.00 compared to EUR 0.92 a year ago. Cash flow per share was EUR 1.08 compared to EUR 1.13 a year ago. Book value per share at year end was EUR 1.81 compared to EUR 1.73 a year ago. The Group's operating activities generated a cash inflow of EUR 44.4 million, compared with EUR 47.4 million in 2013. Purchase of intangible fixed assets was EUR 377,000 compared to EUR 76,000 a year ago. Purchase of property, plant and equipment was EUR 2,054,000 compared to EUR 2,331,000 a year ago. For the year, on a parent basis, the company reported revenue of EUR 100,533,000 compared to EUR 92,983,000 a year ago. Profit from operations was EUR 23,327,000 compared to EUR 16,152,000 a year ago. Profit before tax was EUR 52,911,000 compared to EUR 41,799,000 a year ago. Profit for the year was EUR 46,180,000 compared to EUR 37,541,000 a year ago. Net cash from operating activities was EUR 17,416,000 compared to EUR 24,929,000 a year ago. Purchase of intangible fixed assets was EUR 377,000 compared to EUR 76,000 a year ago. Purchase of property, plant and equipment was EUR 1,589,000 compared to EUR 2,020,000 a year ago. The company provided earnings guidance for the fiscal year of 2015. For the period, the company expects to grow revenue in local currencies by between 5% and 10% and to generate an EBIT margin measured in local currencies of between 23% and 26%.

SimCorp Appoints Victoria Turk as Head of Human Resources for North America

SimCorp announced the appointment of Victoria Turk as head of Human Resources for SimCorp North America. Victoria has close to a decade of experience in the financial markets and joins SimCorp from Bloomberg, where she served as the HR Business Partner for 500+ people in the Research and Development Software Infrastructure Group and the CTO's Office. She began her career at Bloomberg as a Team Leader within the analytics group and has also worked at Condé Nast Publications. In this role, Victoria will spearhead all aspects of HR processes for SimCorp North America including: partnering with the business, mobility, organizational design and reviews, sourcing, recruitment, performance management, compensation and benefits.

Simcorp Releases Simcorp Dimension Version 5.7

SimCorp has released SimCorp Dimension version 5.7, the first of its two annual software releases. Following the financial crisis, global investment managers are increasingly looking towards consolidation in the front-office, with the aim of meeting regulatory requirements, ensuring higher returns and reducing risk. Among several new functional enhancements in the front-office, SimCorp Dimension makes it possible to monitor and control risk against external parties as well as enable restrictions of the combined risk tolerance from holdings, unsettled transactions, cash, and OTC trades. Another important and unique update in release 5.7 is the new data warehouse model, which provides a standard industry model, completely maintained by SimCorp. Compared to other solutions, SimCorp's data warehouse is easier, faster and more cost-efficient to implement and maintain. Data management and reporting are major concerns of investment managers who are struggling to meet regulatory requirements and gain real-time overview of the business.

AXA Investment Managers Selects SimCorp Dimension

SimCorp announced that is has signed a license agreement with AXA Investment Managers. AXA Investment Managers has selected SimCorp's investment management solution to support the firm's front office activities, including the investment book of record (IBOR), position keeping, trading, order and portfolio management, compliance, performance risk, and corporate action management.

SimCorp A/S, 2014 Earnings Call, Feb 17, 2015

SimCorp A/S, 2014 Earnings Call, Feb 17, 2015

 

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Price/Earnings 29.1x
Price/Sales 4.9x
Price/Book 16.1x
Price/Cash Flow 29.1x
TEV/Sales 4.9x
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