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SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth - Seite 3

Operating cash flow improved significantly to € 12.5 million due to SNP’s strong operating performance and its improved cash management processes (2022: € -0.5 million).

Equity ratio increases by 1.0 percentage points to 41.5%
SNP also remains very well positioned in terms of capital. Equity increased by € 1.4 million compared with the end of the previous year to € 108.6 million. With a slightly lower volume of total assets, the equity ratio improved to 41.5% (2022: 40.5%). Due to the reclassification of noncurrent liabilities to current liabilities, noncurrent liabilities decreased by € 9.6 million while current liabilities rose by € 5.0 million.

2024 outlook
Assuming that the economic sector environment remains positive, SNP predicts a positive business development in the 2024 fiscal year. Revenue is expected to rise to between € 215 million and € 225 million (previous forecast provided in the 2023 half-year financial report: € 210 million to € 220 million; 2023 revenue: € 203.4 million). At the same time, SNP is forecasting its expected operating earnings (EBIT) in a range of between € 13 million and € 16 million (EBIT 2023: € 11.1 million). For its order entry, SNP continues to expect a book-to-bill ratio (order entry over sales revenue) greater than one.

The Annual Report 2023 is available on our website at https://investor-relations.snpgroup.com/en/publications/

About SNP
SNP (ticker: SHF.DE) helps companies worldwide to tap into the full potential offered by their data and to embark on their very own journey to a digital future.

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.