DGAP-News

SNP Schneider-Neureither & Partner AG on growth path

DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s):
9-month figures
SNP Schneider-Neureither & Partner AG on growth path

31.10.2014 / 08:20

---------------------------------------------------------------------

SNP AG on growth path

- Significant revenue and earnings growth in the first nine months

- High capacity utilisation in the DACH region

- Forecast for year as a whole confirmed

- Focus on further acceleration of growth

Heidelberg, 31 October 2014 - SNP Schneider-Neureither & Partner AG remains
on its growth path: The specialist for IT transformations recorded revenue
of EUR 22.5 million in the first nine months of 2014, up 41.1%
year-on-year, while EBIT climbed from EUR -3.0 million to EUR 0.6 million
in the same period. In light of the high order backlog and the promising
licence pipeline, the Executive Board remains optimistic with regard to the
final quarter of the year, which is traditionally the quarter with the
highest revenue.

"Our growth momentum has increased significantly and all of our relevant
key performance indicators have improved considerably. As part of the next
step in the growth strategy that we adjusted last year, we are now focusing
on generating additional revenue potential: We intend to further expand our
sales organisation and move into additional business segments in order to
generate continued revenue and earnings growth in the coming years," said
Dr. Andreas Schneider-Neureither, CEO of SNP Schneider-Neureither & Partner
AG.


Revenue and earnings growth

The above-average revenue growth in the Software segment underlines the
further improvement in the company's strategic position: Between January
and September 2014, SNP generated revenue of EUR 5.5 million from software
licences and maintenance agreements. This corresponds to a year-on-year
increase of around 73%. The Professional Services segment, which
encompasses consultancy and training, recorded revenue growth of around 33%
to EUR 17.0 million primarily as a result of extremely good capacity
utilisation in the DACH region (Germany, Austria, Switzerland).

EBIT improved from EUR -3.0 million in the first nine months of 2013 to EUR
0.6 million in the period under review, corresponding to an EBIT margin of
2.7%. This turnaround was achieved in spite of continuing investments in
sales and marketing and increased staff costs. After taxes on income of EUR
0.2 million (previous year: tax income of EUR 0.8 million), consolidated
net income for the first nine months of the 2014 financial year amounted to