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EQS-News: SNP Schneider-Neureither & Partner SE
/ Key word(s): Quarter Results
Corporate News After Record Year 2023 SNP Starts with the Best First Quarter Ever
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 €54.0 million and a significant 63% increase in earnings before interest and taxes (EBIT) to €4.0 million. The EBIT margin increased accordingly by 2.2 percentage points to 7.4%. Order entry reached €60.5 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 €30.9 million and a 31% increase in revenue to €19.1 million. The service business contributed €37.3 million (+19% compared to Q1 2023) to Group revenue; the software business €16.8 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
Outlook 2024 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 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 With its CrystalBridge® data excellence platform and its BLUEFIELD™ 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 €203.4 million in the 2023 fiscal year. Further information is available at www.snpgroup.com
25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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
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