DGAP-News

SNP Gets Off to a Good Start in the 2022 Fiscal Year - Seite 2

"Our strategy is intended to deliver profitable long-term growth. The trend in the first quarter of 2022 shows that we have made changes in the right places in order to achieve this goal. With a first-quarter EBIT figure which is positive for the first time since 2016, we have established the basis for a successful fiscal year. Above all, we are confident thanks to the increased volume of revenue in our high-margin software business and in the important U.S. growth market. The order entry volume has picked up significantly for our partner business," says Michael Eberhardt, CEO of SNP.

The "ELEVATE" strategic program which was presented at the start of the year is already having an impact: The order entry volume has increased significantly in the company's partner and software business areas, both of which are of strategic importance. Partner business rose by 54% in the first quarter of 2022 to € 16.2 million, which represents around 37% of the order entry volume in the quarter under review. This compares to € 10.5 million or around 20% in the first quarter of 2021. The order entry volume in the quarter under review of € 44.1 million was 16% lower than the comparable figure for the previous year (previous year: € 52.5 million); this is mainly attributable to the changes made to the scope of consolidation as well as customers switching over from a strategic, program-based contract approach and instead increasingly placing orders for individual projects. In like-for-like terms* the order entry volume was slightly lower than the previous year's level of € 45.3 million.

Outlook confirmed
SNP continues to assume a positive course of business for the 2022 fiscal year and confirms the forecast which it issued in March 2022 for the year 2022 as a whole as well as its mid-term forecast.

Additional details can be found in the extensive Q1 interim report: https://www.snpgroup.com/en/financial-publications

*As pro forma key figures, the like-for-like key figures for the first quarter of 2021 differ from the key figures due to the addition of the key figures for Datavard and EXA in the first quarter of 2021 (EXA prior to its acquisition date of March 1, 2021) and the elimination of the key figures for SNP Poland in the first quarter of 2021.