EQS-News

SNP Expects Further Increase in Revenue and Earnings in 2024 after Record Year with Strong Software Growth - Seite 2

Jens Amail, CEO of SNP, comments: “Thanks to the outstanding work of our team and the continued trust of our customers and partners, 2023 was a good year for all of us. All key measures – particularly on the go-to-market and people side – contributed to our success and are building a strong foundation for the future. Now, after our best year ever and with a stable corporate governance model in place, we will drive operational excellence to the next level and elevate our strategy. In a highly dynamic business environment with increasingly complex IT landscapes in the Cloud, the core capabilities of SNP are more relevant than ever. We’re pleased with what we have achieved in 2023, but I‘m convinced that the best is yet to come – for our customers, our partners and our incredible team.”

Strong growth in SNP’s Software business segment …
Revenue in the service business segment increased by 14% to € 134.2 million (2022: € 117.3 million). Software revenue rose by 23% to € 69.3 million (2022: € 56.1 million). This positive trend was shaped, above all, by the strong order situation in relation to SAP S/4HANA and RISE with SAP. At € 145.1 million, order entry volumes in this business segment amounted to around 55% of the overall order entry volume. The software solutions of SNP’s CrystalBridge platform are enjoying growing levels of market and customer acceptance, also thanks to a stronger ecosystem.

… and in its partner business
SNP further expanded its global partnerships and now has contractual agreements in place with 17 of the 20 largest IT consulting firms. This progress has resulted in significantly stronger growth in the order entry volume with partners than in the previous year: In 2023, this climbed by 51% to € 98.0 million; in the previous year, business with partners grew by 13% to € 65.1 million. Revenue with partners increased by 18% to € 63.8 million (2022: € 54.2 million).

Significant increase in order entry
The overall order entry volume totaled € 266.1 million, 37% higher than the figure for the previous year (2022: € 193.6 million). The service business segment accounted for € 188.4 million and the software business segment for € 77.7 million. The order backlog is 37% higher year-over-year and amounts to € 180.4 million (2022: € 131.8 million).