SNP Schneider-Neureither & Partner SE
ISIN: DE0007203705
WKN: 720370
07 November 2024 07:05AM

EQS-News: SNP confirms preliminary figures for the third quarter 2024 and remains on its growth path

SNP Schneider-Neureither & Partner SE · ISIN: DE0007203705 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2024241

EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarterly / Interim Statement/Quarter Results
SNP confirms preliminary figures for the third quarter 2024 and remains on its growth path

07.11.2024 / 07:05 CET/CEST
The issuer is solely responsible for the content of this announcement.


Corporate News

SNP confirms preliminary figures for the third quarter 2024 and remains on its growth path

  • Order entry increased by 24% to €74.9 million (Q3 2023: €60.2 million)
  • Group revenue grew by 24% to €66.8 million (Q3 2023: €54.1 million)
  • EBIT margin climbed to 12.2% (Q3 2023: 8.9%)
  • Operating cash flow rose significantly to €12.8 million (Q3 2023: €7.3 million)
  • EXA segment with massive improvements in revenue and earnings
  • Outlook for 2024 as a whole raised for the second time

Heidelberg, Germany, November 7, 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 results for the third quarter of 2024. Following the record results in the first half of the year, the growth course continued in the third quarter. Order entry rose by 24% to €74.9 million (Q3 2023: €60.2 million). Group revenues grew by 24% to €66.8 million (Q3 2023: €54.1 million). EBIT improved significantly to €8.2 million (Q3 2023: €4.8 million) and the EBIT margin climbed to 12.2% (Q3 2023: 8.9%).

Jens Amail, CEO of SNP, comments: “The success of our customers and partners continues to be the north star for our company. Thanks to the outstanding focus of our team on ‘winning together’ with our clients and the ecosystem, we are thrilled to report the best third quarter in our history. The current economical dynamics and the fast-paced market environment drive companies to invest in their business agility and transformation capabilities. We are thankful for the trust our customers and partners are putting into our solutions and strategy based on our software platform SNP Kyano. We are pleased with the operational progress we have made, and we remain optimistic for the balance of 2024 and beyond.”

In terms of revenue, the software business once again recorded stronger growth than the service sector: service revenue increased by 22% to € 43.5 million in the third quarter (Q3 2023: € 35.7 million). In the software business, revenue increased by 27% to € 23.3 million (Q3 2023: € 18.4 million). In the same period, the partner business generated € 24.5 million or 37% of consolidated revenue. This corresponds to growth of 46% compared to the previous year (Q3 2023: € 16.7 million).

On segment level, EXA achieved significantly above-average growth rates: Revenue increased by 104% to € 4.3 million in the third quarter (Q3 2023: € 2.2 million). In the same period, EBIT improved significantly to € 2.3 million (Q3 2023: € 0.0 million). The positive development is mainly due to the acquisition of major projects with big-name global customers.

Andreas Röderer, CFO of SNP, comments: “After the record results of the first half of the year, we are very pleased to be able to continue our growth course across all business segments. Particularly noteworthy are the strong development of our software business, the significant operational progress and our very high cash position. In view of these outstanding results, we look forward with great confidence to the continued progress of the fiscal year and achieving of our guidance that we raised once again.”

Recent Business Highlights:

  • SNP expands in the Middle East: With its new location in Dubai, SNP will be able to access one of the world's fastest growing markets and create significant potential for SAP transformations.
  • Rising up to the cloud: SNP has published a meta study examining the current state of SAP S/4HANA migrations. The key finding is that while companies are still facing challenges, they also see opportunities – and are increasingly relying on RISE with SAP for the migration.
  • Novartis successfully completes SAP BW carve-out with SNP: SNP carried out the carve-out of the five terabyte SAP BW system containing sensitive data and enabled table-based data migration and data deletion within an SAP system using CrystalBridge Transformation.

Key figures

The following table summarizes the development of key Group figures in the third quarter of 2024:

  Q3 2024 Q3 2023 Change
Group      
Order entry €74.9 million €60.2 million +24%
Revenue €66.8 million €54.1 million +24%
EBITDA €11.4 million €7.4 million +54%
EBITDA margin 17.1% 13.7% +3.4pp
EBIT €8.2 million €4.8 million +70%
EBIT margin 12.2% 8.9% +3.3pp
Net income €5.0 million €2.9 million +71%
Earnings per share (undiluted) €0.69 €0.40 +74%
Operating cash flow €12.8 million €7.3 million +74%
Cash and cash equivalents €51.9 million €29.3 million +77%
Equity ratio 44.0% 43.5% +0.5pp

 

Outlook 2024

On October 16, 2024, the Executive Board decided to once again revise its guidance for 2024. Due to the highly positive course of business in the third quarter of 2024 and the continuing market momentum, it expects that the company’s performance will once again surpass its expectations. The revenue forecast for 2024 as a whole has been revised upward to between € 240 million and € 250 million (previous forecast: € 225 million to € 240 million). Accordingly, the EBIT figure is expected to be in the range of € 21 million and € 25 million (previous guidance: € 16 million to € 20 million). The order entry forecast remains unchanged, with the book-to-bill ratio (order entry over sales revenue) envisaged to be greater than one.

The full interim statement for the third 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 November 7, 2024 at 2 p.m. CEST. Interested investors and analysts can register via the following link: https://montegaconnect.de/event/qbz145y881mmunuizxeuex2etclq7h0l

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) is the global technology platform leader and trusted partner for companies seeking unparalleled data-enabled transformation capabilities and business agility. SNP’s Kyano platform integrates all necessary capabilities and partner offerings to provide a comprehensive software-based experience in data migration and management. Combined with the BLUEFIELD approach, Kyano sets a comprehensive industry standard for restructuring and modernizing SAP-centric IT landscapes faster and more securely while harnessing data-driven innovations.

The company works with more than 3,000 customers of all sizes and in all industries in 80 countries, including 20 of the DAX 40 and more than 100 of the Fortune 500. The SNP Group has more than 1,500 employees worldwide at over 35 locations in 20 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of EUR 203.4 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

 



07.11.2024 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.
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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: 2024241

 
End of News EQS News Service

2024241  07.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 130,98 145,19 143,78 166,97 173,42 203,43 246,00
EBITDA1,2 2,30 15,14 9,23 16,26 17,61 21,52 34,40
EBITDA-Margin3 1,76 10,43 6,42 9,74 10,16 10,58 13,98
EBIT1,4 -2,55 7,00 0,84 6,30 6,71 11,12 23,90
EBIT-Margin5 -1,95 4,82 0,58 3,77 3,87 5,47 9,72
Net Profit (Loss)1 -1,62 2,26 -1,84 0,60 1,41 5,87 15,00
Net-Margin6 -1,24 1,56 -1,28 0,36 0,81 2,89 6,10
Cashflow1,7 3,33 -5,09 2,00 -1,38 -0,53 12,55 16,80
Earnings per share8 -0,26 0,35 -0,22 0,14 0,22 0,80 1,95
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Rödl & Partner

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
SNP Schneider-Neureither
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
720370 DE0007203705 SE 397,35 Mio € 03.04.2000 Kaufen 8FXCCM2G+4W
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
23,81 37,43 0,64 129,64 3,24 31,67 1,95
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
04.06.2025 08.05.2025 31.07.2025 07.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+3,86%
53,80 €
ATH 74,00 €
+3,52% +6,26% +25,12% +28,40% +727,69%

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