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25.04.2024 06:30:28 - dpa-AFX: EQS-News: After Record Year 2023 SNP Starts with the Best First Quarter Ever (english)
After Record Year 2023 SNP Starts with the Best First Quarter Ever
EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarter
Results
After Record Year 2023 SNP Starts with the Best First Quarter Ever
25.04.2024 / 06:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Corporate News
After Record Year 2023 SNP Starts with the Best First Quarter Ever
* EBIT rose by 63% to EUR4.0 million (Q1 2023: EUR2.5 million), EBIT margin to 7.4% (Q1 2023: 5.2%)
* Book-to-bill ratio greater than one in line with guidance
Heidelberg, Germany, April 25, 2024 - SNP Schneider-Neureither & Partner SE,
a leading global provider of software for digital transformation, automated
data migration and data management in the SAP environment, today published
its interim statement for the first quarter of 2024. The company has made a
successful start to the year with record results in all key performance
indicators. SNP achieved revenue growth of 15% to EUR54.0 million and a
significant 63% increase in earnings before interest and taxes (EBIT) to
EUR4.0 million. The EBIT margin increased accordingly by 2.2 percentage points
to 7.4%. Order entry reached EUR60.5 million.
Dr. Jens Amail, CEO of SNP, comments: "After record results in 2023 with an
incredibly strong Q4, we started the year with our best ever first quarter.
Thanks to the continued trust of our customers and partners and the strong
focus of our SNP team on the success of our clients, our business is growing
faster than the market. The need for our customers to be more agile in an
increasingly complex business environment will continue to drive the demand
for our data migration and management solutions; and we optimistically look
into the balance of 2024 and beyond."
In the partner business, SNP recorded above-average growth with a 54%
increase in order entry to EUR30.9 million and a 31% increase in revenue to
EUR19.1 million. The service business contributed EUR37.3 million (+19% compared
to Q1 2023) to Group revenue; the software business EUR16.8 million (+6%
compared to Q1 2023).
Andreas Röderer, CFO of SNP, comments: "With a strong first quarter, we are
building on last year's success. The development of operating cash flow was
particularly pleasing reflecting the increase in revenue and earnings as
well as the continued rigorous management of working capital."
Recent Business Highlights:
Key figures
The following table summarizes the development of key Group figures in the
first quarter of 2024:
Outlook 2024
SNP confirms the outlook for the 2024 financial year. Revenue is expected to
rise to between EUR215 million and EUR225 million (2023 revenue: EUR203.4
million). At the same time, SNP is forecasting operating earnings (EBIT) in
a range of between EUR13 million and EUR16 million (EBIT 2023: EUR11.1 million).
For its order entry, SNP expects a book-to-bill ratio (order entry over
sales revenue) greater than one.
The more detailed interim statement for the first quarter of 2024 is
available on our website at
https://investor-relations.snpgroup.com/en/publications/.
Investor and analyst call
The investor and analyst call will take place on April 25, 2024, at 2 p.m.
CEST. Interested investors and analysts can register via the following link:
https://webcast.meetyoo.de/reg/8IuPQqyO6rdV.
As usual, a recording of the conference call will be made available one day
later on SNP's website at
https://investor-relations.snpgroup.com/en/publications/.
About SNP
SNP (ticker: SHF.DE) helps companies worldwide to tap into the full
potential offered by their data and to embark on their very own journey to a
digital future.
With its CrystalBridge® data excellence platform and its BLUEFIELD(TM)
approach, SNP has established a comprehensive industry standard, enabling
faster and more secure restructuring and modernization of SAP systems and
realizing data-driven innovations via the cloud.
Some 3,000 customers worldwide from all sectors and of all sizes trust in
SNP, including 20 DAX 40 and numerous Fortune 500 companies. The SNP Group
has more than 1,400 employees worldwide in 35 locations in 21 countries.
Headquartered in Heidelberg, the company generated revenue of EUR203.4 million
in the 2023 fiscal year.
Further information is available at www.snpgroup.com
SNP contact
Marcel Wiskow
Director lnvestor Relations
Tel.: +49 6221 6425-637
Email: marcel.wiskow@snpgroup.com
presse@snpgroup.com
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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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End of News EQS News Service
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1888671 25.04.2024 CET/CEST
EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarter
Results
After Record Year 2023 SNP Starts with the Best First Quarter Ever
25.04.2024 / 06:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Corporate News
After Record Year 2023 SNP Starts with the Best First Quarter Ever
* Group revenue increased by 15% to EUR54.0 million in Q1 2024 (Q1 2023:
EUR47.1 million)
* EBIT rose by 63% to EUR4.0 million (Q1 2023: EUR2.5 million), EBIT margin to 7.4% (Q1 2023: 5.2%)
* Operating cashflow turned significantly positive, totaling to EUR10.3
million (Q1 2023: EUR-1.0 million).
* Book-to-bill ratio greater than one in line with guidance
* Outlook confirmed: SNP continues to expect positive business development
for the 2024 financial year
Heidelberg, Germany, April 25, 2024 - SNP Schneider-Neureither & Partner SE,
a leading global provider of software for digital transformation, automated
data migration and data management in the SAP environment, today published
its interim statement for the first quarter of 2024. The company has made a
successful start to the year with record results in all key performance
indicators. SNP achieved revenue growth of 15% to EUR54.0 million and a
significant 63% increase in earnings before interest and taxes (EBIT) to
EUR4.0 million. The EBIT margin increased accordingly by 2.2 percentage points
to 7.4%. Order entry reached EUR60.5 million.
Dr. Jens Amail, CEO of SNP, comments: "After record results in 2023 with an
incredibly strong Q4, we started the year with our best ever first quarter.
Thanks to the continued trust of our customers and partners and the strong
focus of our SNP team on the success of our clients, our business is growing
faster than the market. The need for our customers to be more agile in an
increasingly complex business environment will continue to drive the demand
for our data migration and management solutions; and we optimistically look
into the balance of 2024 and beyond."
In the partner business, SNP recorded above-average growth with a 54%
increase in order entry to EUR30.9 million and a 31% increase in revenue to
EUR19.1 million. The service business contributed EUR37.3 million (+19% compared
to Q1 2023) to Group revenue; the software business EUR16.8 million (+6%
compared to Q1 2023).
Andreas Röderer, CFO of SNP, comments: "With a strong first quarter, we are
building on last year's success. The development of operating cash flow was
particularly pleasing reflecting the increase in revenue and earnings as
well as the continued rigorous management of working capital."
Recent Business Highlights:
* Progress in partner business: SNP formed a global partnership with
smartShift and secured SoftwareOne as a new global Gold Partner.
* Partnership with Loh Services: The renown global family-owned company
with a workforce of over 12,000 employees has placed its trust in SNP's
software solutions for a comprehensive SAP project.
* Acquisition of Trigon Consulting: SNP's recent acquisition of Trigon
Consulting further strengthens its premium services for both customers
and partners. The consulting specialist for IT and business
transformations, data migration and digitalization joins the SNP Group
effective May 1, 2024.
Key figures
The following table summarizes the development of key Group figures in the
first quarter of 2024:
Q1 2024 Q1 2023 Change
Order entry EUR60.5 million EUR58.3 million +4%
Revenue EUR54.0 million EUR47.1 million +15%
EBITDA EUR6.5 million EUR5.1 million +29%
EBITDA margin 12.1% 10.7% +1.4pp
EBIT EUR4.0 million EUR2.5 million +63%
EBIT margin 7.4% 5.2% +2.2pp
Net income EUR2.4 million EUR1.3 million +92%
Earnings per share (undiluted) EUR0.33 EUR0.19 +74%
Operating cash flow EUR10.3 million EUR-1.0 million n/a
Cash and cash equivalents EUR48.1 million EUR30.5 million +58%
Equity ratio 43.0% 41.3% +1.7pp
Outlook 2024
SNP confirms the outlook for the 2024 financial year. Revenue is expected to
rise to between EUR215 million and EUR225 million (2023 revenue: EUR203.4
million). At the same time, SNP is forecasting operating earnings (EBIT) in
a range of between EUR13 million and EUR16 million (EBIT 2023: EUR11.1 million).
For its order entry, SNP expects a book-to-bill ratio (order entry over
sales revenue) greater than one.
The more detailed interim statement for the first quarter of 2024 is
available on our website at
https://investor-relations.snpgroup.com/en/publications/.
Investor and analyst call
The investor and analyst call will take place on April 25, 2024, at 2 p.m.
CEST. Interested investors and analysts can register via the following link:
https://webcast.meetyoo.de/reg/8IuPQqyO6rdV.
As usual, a recording of the conference call will be made available one day
later on SNP's website at
https://investor-relations.snpgroup.com/en/publications/.
About SNP
SNP (ticker: SHF.DE) helps companies worldwide to tap into the full
potential offered by their data and to embark on their very own journey to a
digital future.
With its CrystalBridge® data excellence platform and its BLUEFIELD(TM)
approach, SNP has established a comprehensive industry standard, enabling
faster and more secure restructuring and modernization of SAP systems and
realizing data-driven innovations via the cloud.
Some 3,000 customers worldwide from all sectors and of all sizes trust in
SNP, including 20 DAX 40 and numerous Fortune 500 companies. The SNP Group
has more than 1,400 employees worldwide in 35 locations in 21 countries.
Headquartered in Heidelberg, the company generated revenue of EUR203.4 million
in the 2023 fiscal year.
Further information is available at www.snpgroup.com
SNP contact
Marcel Wiskow
Director lnvestor Relations
Tel.: +49 6221 6425-637
Email: marcel.wiskow@snpgroup.com
presse@snpgroup.com
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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: SNP Schneider-Neureither & Partner SE
Speyerer Str. 4
69115 Heidelberg
Germany
Phone: +49 6221 6425 637, +49 6221 6425 172
Fax: +49 6221 6425 20
E-mail: investor.relations@snpgroup.com
Internet: www.snpgroup.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt
(Prime Standard), Hamburg, Hanover, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 1888671
End of News EQS News Service
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1888671 25.04.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
SNP SCHNEID.-NEUREIT.O.N. | 720370 | Xetra | 44,900 | 03.05.24 17:36:23 | -0,300 | -0,66% | 0,000 | 0,000 | 44,500 | 44,900 |
