SNP Schneider-Neureither & Partner SE
SNP Schneider-Neureither & Partner AG on growth path
SNP Schneider-Neureither & Partner AG / Key word(s): 9-month figures SNP AG on growth path – Significant revenue and earnings growth in the first nine months – High capacity utilisation in the DACH region – Forecast for year as a whole confirmed – Focus on further acceleration of growth Heidelberg, 31 October 2014 – SNP Schneider-Neureither & Partner AG remains on its growth path: The specialist for IT transformations recorded revenue of EUR 22.5 million in the first nine months of 2014, up 41.1% year-on-year, while EBIT climbed from EUR -3.0 million to EUR 0.6 million in the same period. In light of the high order backlog and the promising licence pipeline, the Executive Board remains optimistic with regard to the final quarter of the year, which is traditionally the quarter with the highest revenue. “Our growth momentum has increased significantly and all of our relevant key performance indicators have improved considerably. As part of the next step in the growth strategy that we adjusted last year, we are now focusing on generating additional revenue potential: We intend to further expand our sales organisation and move into additional business segments in order to generate continued revenue and earnings growth in the coming years,” said Dr. Andreas Schneider-Neureither, CEO of SNP Schneider-Neureither & Partner AG. Revenue and earnings growth The above-average revenue growth in the Software segment underlines the further improvement in the company’s strategic position: Between January and September 2014, SNP generated revenue of EUR 5.5 million from software licences and maintenance agreements. This corresponds to a year-on-year increase of around 73%. The Professional Services segment, which encompasses consultancy and training, recorded revenue growth of around 33% to EBIT improved from EUR -3.0 million in the first nine months of 2013 to EUR 0.6 million in the period under review, corresponding to an EBIT margin of 2.7%. This turnaround was achieved in spite of continuing investments in sales and marketing and increased staff costs. After taxes on income of EUR 0.2 million (previous year: tax income of EUR 0.8 million), consolidated net income for the first nine months of the 2014 financial year amounted to EUR 0.4 million, corresponding to earnings per share of EUR 0.09 (previous year: EUR -0.59). SNP AG generated an operating cash flow of EUR 1.8 million in the first nine months of 2014 (previous year: EUR -3.1 million) thanks to the consolidated net income generated in the period and the successful reduction in trade receivables. “The SNP Group’s extremely solid financial situation forms the basis for realising the further planned investments in the areas of marketing, sales, development and consultancy. At Forecast for year unchanged “We are confirming our forecast for the 2014 financial year as a whole. As at the start of the year, we currently believe consolidated revenue of around EUR 30 million and an EBIT margin in the mid-single-digit range to be realistic,” said Dr. Andreas Schneider-Neureither. The Q3/2014 interim financial report published today can be accessed on SNP’s website at www.snp-ag.com under Investor Relations/Financial Statements/Financial Reports/2014. About SNP SNP AG helps companies react rapidly to changes in their business environment. The solution SNP Transformation Backbone(R) enables companies to adapt their IT landscape more quickly and economically to changing market conditions. SNP Transformation Backbone is the world’s first standard software solution that automatically analyses changes in IT systems and implements them in a standardised way. The solution is based on the experience SNP AG has gained in more than 2,500 projects worldwide with its software-related services for Business Landscape Transformation(R). Around 250 employees in Europe, South Africa and the USA achieved sales of EUR 23.5 million in 2013. Headquarters of the company founded in 1994 is Heidelberg. SNP AG went public in 2000 and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705) since August 2014. For further information: www.snp-ag.com Contact for Investor Relations: Marcel Wiskow 31.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | SNP Schneider-Neureither & Partner AG | |
Dossenheimer Landstraße 100 | ||
69121 Heidelberg | ||
Germany | ||
Phone: | 06221-6425-111 | |
Fax: | 06221-6425-20 | |
E-mail: | investor.relations@snp-ag.com | |
Internet: | www.snp-ag.com | |
ISIN: | DE0007203705 | |
WKN: | 720370 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Berlin – Tradegate Exchange, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
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