EQS-News

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

EQS-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarter Results After Record Year 2023 SNP Starts with the Best First Quarter Ever 25.04.2024 / 06:30 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

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

• Group revenue increased by 15% to €54.0 million in Q1 2024 (Q1 2023: €47.1 million)
• EBIT rose by 63% to €4.0 million (Q1 2023: €2.5 million), EBIT margin to 7.4% (Q1 2023: 5.2%)
• Operating cashflow turned significantly positive, totaling to €10.3 million (Q1 2023: €-1.0 million). 
• Book-to-bill ratio greater than one in line with guidance
• Outlook confirmed: SNP continues to expect positive business development for the 2024 financial year

Heidelberg, Germany, April 25, 2024 – SNP Schneider-Neureither & Partner SE, a leading global provider of software for digital transformation, automated data migration and data management in the SAP environment, today published its interim statement for the first quarter of 2024. The company has made a successful start to the year with record results in all key performance indicators. SNP achieved revenue growth of 15% to €54.0 million and a significant 63% increase in earnings before interest and taxes (EBIT) to €4.0 million. The EBIT margin increased accordingly by 2.2 percentage points to 7.4%. Order entry reached €60.5 million.

Dr. Jens Amail, CEO of SNP, comments: “After record results in 2023 with an incredibly strong Q4, we started the year with our best ever first quarter. Thanks to the continued trust of our customers and partners and the strong focus of our SNP team on the success of our clients, our business is growing faster than the market. The need for our customers to be more agile in an increasingly complex business environment will continue to drive the demand for our data migration and management solutions; and we optimistically look into the balance of 2024 and beyond.”