EQS-News

SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth

EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Annual Results/Forecast SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth 27.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth

• Group revenue in 2023 increased by 17% to € 203.4 million (2022: € 173.0 million)
• Over-proportional growth in high-margin software business segment
• EBIT rose by € 4.3 million to € 11.1 million (2022: € 6.8 million), currency-adjusted increase would be around € 11 million compared to 2022
• Order entry with partners rose by 51% to € 98.0 million (YoY growth 2022: 13%)
• Positive operating cash flow of € 12.5 million (2022: € -0.5 million)
• 2024 outlook: Increase in revenue forecast to between € 215 and 225 million, with an EBIT of € 13 to 16 million and a book-to-bill ratio greater than one.

Heidelberg, March 27, 2024 – SNP Schneider-Neureither & Partner SE, leading global provider of software for digital transformations, automated data migrations and data management in the SAP environment, can look back on a successful 2023 fiscal year and has posted significant growth rates for all key financial indicators: The order entry volume is 37% higher year-over-year and amounts to € 266.1 million (2022: € 193.6 million). Revenue increased by 17% to € 203.4 million (2022: € 173.4 million). Both SNP’s service segment and, to an above average extent, its high-margin software business have contributed to this growth. EBIT rose by 64% to € 11.1 million (2022: € 6.8 million). The EBIT margin increased by 1.6 percentage points to 5.5%. The currency-adjusted EBIT improvement would be around € 11 million higher than in the previous year. SNP’s successful business development is a result of operational and strategic measures which will also drive profitable growth in 2024 and beyond.