DGAP-News SNP revenue in fiscal year 2020 roughly at previous year's level
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Annual Results
SNP revenue in fiscal year 2020 roughly at previous year's level
- 2020 consolidated revenue of € 143.8 million slightly below previous year (2019: € 145.2 million)
- New corporate strategy successfully implemented
- Expansion of the global partner network
- Guidance for 2021: € 160 - 180 million in revenue and 5 - 8 % EBIT margin
- Preliminary figures for Q1 2021 published
Heidelberg, April 21, 2021 - SNP Schneider-Neureither & Partner SE, a world-leading provider of solutions for digital transformation processes and software-based data migrations, published today its audited annual financial statements for fiscal year 2020. Along with their publication, SNP also confirmed the preliminary figures for the past fiscal year published on January 15, 2021. Revenue fell slightly by 1 % from € 145.2 million to € 143.8 million. Of this, € 49.9 million was attributable to the software segment and € 93.9 million to the services segment. As a result of further investments in growth, particularly in the expansion of the workforce, the operating result (EBIT) fell from € 3.4 million in the previous year to € 0.8 million in 2020. This corresponds to an EBIT margin of 0.6 %, compared to 2.4 % in the previous year.
"For the economy, the past year was extraordinary due to COVID-19. And we at SNP also had to process the death of our founder and CEO Dr. Andreas Schneider-Neureither. Taking this into account, we are satisfied with the figures for 2020," said Prof. Dr. Heiner Diefenbach, CFO of SNP SE. "On the other hand, we are much more positive about the outlook for the future. Our new corporate strategy is being very well received by both our customers and our partners. We are ideally positioned in the market and are cautiously optimistic for the current fiscal year."