Company Announcement
SimCorp reports revenue growth of 9.1% and EBIT margin of 23.6% in H1 2021
Other information
Significant risk and uncertainty factors
SimCorp operates in a dynamic and complex business environment, where performance relies
heavily on the ongoing achievement of a number of success criteria. Pages 24-26 of SimCorp’s
Annual Report 2020 describe the most important general risk factors and the risk management
measures applied in everyday operations. Management believes that the description of these
potential risks still pertains to the current situation.
Shareholder information
Restricted stock units
In Q2 2021, 89 restricted stock units were granted to an employee as part of a retention incentive.
The restricted stock units will vest after 3 years subject to continued employment.
297,971 restricted stock units are outstanding at June 30, 2021. The restricted stock units will be
transferred in whole or in part between 2021 and 2024 to program participants still employed when
the stock units vest, some subject to performance conditions.
In July 2021, 17,038 restricted stock units were granted for regional retention programs for senior
employees in EMEA, North America, and APAC. The fair value of these restricted stock units
amounted to EUR 1.9m at the time of allotment. The value adjusted for dividends will be included in
the income statement over the vesting period of three years. The restricted stock units will vest after
three years, subject to continued employment. Furthermore, the restricted stock units are subject to
conditions with respect to average annual minimum business growth for the respective business
units and to annual average net operating profit after tax for the Group for the financial years 2021
to 2023. If the two last conditions are only partially satisfied, the number of shares transferred after
three years will be reduced, and may possibly lapse completely.
313,425 restricted stock units are outstanding at the time of reporting.
Holding of treasury shares
The Company purchased 84,000 treasury shares in Q2 2021 at an average price of DKK 790.96 per
share, totaling EUR 8.9m. In total, the Company purchased 185,400 treasury shares in H1 2021 at
an average price of DKK 780.97 per share, totaling EUR 19.5m. In comparison, the Company
purchased 92,982 treasury shares at an average price of DKK 647.26 per share, totaling EUR 8.1m,
in H1 2020. At June 30, 2021, the Company’s holding of treasury shares amounted to 884,498
treasury shares, equal to 2.2% of the Company’s issued share capital.
In addition to the purchases in H1 2021, the Company has in the period from July 1 to July 29, 2021
acquired 4,845 treasury shares at a total price of EUR 0.5m under the EUR 20.0m “Safe Harbour”
program. Consequently, the EUR 20.0m share buyback “Safe Habour” program was completed at
July 29, 2021. During the program the Company purchased 190,245 treasury shares amounting to
EUR 20m at an average price of DKK 782.15. At July 29, 2021, the Company’s holding of treasury
shares amounted to 889,343 treasury shares, equal to 2.2% of the Company’s issued share capital.
Provided no specific requirements for liquidity arise, SimCorp intends to purchase additional shares
for up to EUR 20m over the next four months.
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