EQS-News: SNP Schneider-Neureither & Partner SE
/ Key word(s): Quarterly / Interim Statement/Half Year Results
Corporate News SNP reports record Q2 2024 results driven by strong partner business and software sales
Jens Amail, CEO of SNP, comments: “Thanks to the phenomenal work of our team and our continued focus on 'winning together', we could further build trust with our customers and partners. With the recent global market dynamics our solutions become more relevant than ever – companies need to ramp-up their transformation capabilities and become more agile. With the recent announcement of our Kyano platform we will expand the market category we have shaped for many years. We remain focused on further operational improvements; however, we are convinced that the best is yet to come." In the partner business, SNP recorded above-average growth with a 106% increase in order entry to €42.6 million and a 66% increase in revenue to €25.5 million. The service business contributed €38.4 million (+12% compared to Q2 2023) to Group revenue; the software business €23.6 million (+64% compared to Q2 2023). Andreas Röderer, CFO of SNP, comments: “We are particularly proud that we are making progress in all business areas – both with partners and through our own sales organization. An important driver of this performance is the strong tailwind for S/4HANA and RISE with SAP projects. Based on the excellent development of revenue and earnings, we made progress in terms of operating cash flow.” Recent Business Highlights:
Key figures The following table summarizes the development of key Group figures in the second quarter of 2024:
The full half-year report 2024 is available on our website at https://investor-relations.snpgroup.com/en/publications/.
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 SNP contact
08.08.2024 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: | 1963459 |
End of News | EQS News Service |
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1963459 08.08.2024 CET/CEST
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