EQS-News
SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth
- SNP expects revenue and earnings growth in 2024.
- Revenue in 2023 increased by 17% to €203.4 million.
- EBIT rose by €4.3 million to €11.1 million.
EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Annual Results/Forecast 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.