EQS-News

After Record Year 2023 SNP Starts with the Best First Quarter Ever - Seite 2

In the partner business, SNP recorded above-average growth with a 54% increase in order entry to €30.9 million and a 31% increase in revenue to €19.1 million. The service business contributed €37.3 million (+19% compared to Q1 2023) to Group revenue; the software business €16.8 million (+6% compared to Q1 2023).

Andreas Röderer, CFO of SNP, comments: “With a strong first quarter, we are building on last year’s success. The development of operating cash flow was particularly pleasing reflecting the increase in revenue and earnings as well as the continued rigorous management of working capital.”

Recent Business Highlights:

• Progress in partner business: SNP formed a global partnership with smartShift and secured SoftwareOne as a new global Gold Partner.
• Partnership with Loh Services: The renown global family-owned company with a workforce of over 12,000 employees has placed its trust in SNP’s software solutions for a comprehensive SAP project.
• Acquisition of Trigon Consulting: SNP’s recent acquisition of Trigon Consulting further strengthens its premium services for both customers and partners. The consulting specialist for IT and business transformations, data migration and digitalization joins the SNP Group effective May 1, 2024.

Key figures
The following table summarizes the development of key Group figures in the first quarter of 2024:

	Q1 2024	Q1 2023	Change
Order entry	€60.5 million	€58.3 million	+4%
Revenue	€54.0 million	€47.1 million	+15%
EBITDA	€6.5 million	€5.1 million	+29%
EBITDA margin	12.1%	10.7%	+1.4pp
EBIT	€4.0 million	€2.5 million	+63%
EBIT margin	7.4%	5.2%	+2.2pp
Net income	€2.4 million	€1.3 million	+92%
Earnings per share (undiluted)	€0.33	€0.19	+74%
Operating cash flow	€10.3 million	€-1.0 million	n/a
Cash and cash equivalents	€48.1 million	€30.5 million	+58%
Equity ratio	43.0%	41.3%	+1.7pp

Outlook 2024