Simcorp earnings disappoint slightly

Software company Simcorp's final quarter revenue for 2019 was lower than in the same period of the previous year, and earnings painted a similar picture. This was revealed in the company's annual report, released on Wednesday morning.

Klaus Holse, CEO of Simcorp. | Photo: Foto: Lars Krabbe/Jyllands-Posten/Ritzau Scanpix

The final quarter revenue totaled EUR 127.8 million in 2019 compared to EUR 129.1 million in 2018. Analysts had expected a revenue of EUR 127.2 million according to a median estimate calculated by Simcorp.

In terms of orders, the company landed EUR 34.6 million in the final three months of the year, compared to EUR 60.9 million euros in the same quarter of 2018, when the company secured a large order in Asia.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch