|
EQS-News: SNP Schneider-Neureither & Partner SE
/ Key word(s): Preliminary Results/Change in Forecast
SNP Announces Best Second Quarter Ever After Record Results in 2023 and Strong Start into the Year
Heidelberg, Germany, July 19, 2024 – SNP, a leading global provider of software for digital transformation, automated data migration and data management in the SAP environment, announces another remarkable business performance for the second quarter of 2024, according to preliminary figures. The company continues to grow across all regions and segments. In the second quarter of 2024, SNP recorded an impressive increase in order entry of 45%, reaching approximately € 74 million compared to € 51.0 million in Q2 2023. Revenue for the same period grew by 28%, amounting to around €62 million, up from € 48.5 million in Q2 2023. This notable increase in revenue and order entry is the result of SNP’s sustained efforts to expand its global market presence and enhance customer satisfaction. Furthermore, EBIT saw a significant improvement, rising to around €8 million from € 1.0 million year-over-year. This strong performance has led the software company to raise the guidance for the year. Jens Amail, CEO of SNP, comments: “Thanks to the continued trust of our clients and partners we have an optimistic outlook for 2024 and beyond. Global market leaders like BMW, Microsoft and many others have made strategic decisions to count on us for their transformations. The entire SNP team is focused on ‘winnig together’ with our customers and our ecosystem. We are humbled by what we have achieved and remain committed delivering on our promises to our clients, partners, and shareholders.” Based on a strong performance year-to-date and ongoing market momentum, SNP has decided to increase the guidance for 2024. The revenue forecast for the full year has been raised to a range between €225 million and €240 million (previous guidance: €215 million to €225 million). For the same period, EBIT is predicted between €16 million and €20 million (previous guidance: €13 million to €16 million). For its order entry, SNP still expects a book-to-bill ratio (order entry over sales revenue) greater than one. SNP will publish the full Half-Year Financial Report 2024 on August 8, 2024.
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
SNP contact
19.07.2024 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: | 1950301 |
| End of News | EQS News Service |
|
|
1950301 19.07.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
