SNP Schneider-Neureither & Partner SE

  • WKN: 720370
  • ISIN: DE0007203705
  • Land: Deutschland

Nachricht vom 29.04.2021 | 07:44

SNP SE confirms preliminary figures for the first quarter 2021

DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarterly / Interim Statement
29.04.2021 / 07:44
The issuer is solely responsible for the content of this announcement.

SNP SE confirms preliminary figures for the first quarter 2021

- Group revenue decreases to € 33.1 million in Q1 2021 (-3.8% compared to Q1 2020)
- Segments with different development: Software +7.5%, Service -7.9
- EBIT improves to € -2.7 million (Q1 2020: € -3.9 million)
- Order entry rises by around 10% to €52.5 million
- Order backlog increases by more than a quarter
- Outlook for fiscal year 2021 confirmed

Heidelberg, 29 April 2021 - SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a world-leading provider of solutions for digital transformation processes and software-based data migrations, today published its report for the first quarter of 2021, confirming the preliminary figures. According to this, consolidated revenue fell by 3.8% to € 33.1 million compared with the same quarter of the previous year (Q1 2020: € 34.4 million), which was not yet affected by the consequences of the COVID 19 pandemic. The individual segments developed very differently: While revenue in the Software segment increased by 7.5% to € 9.8 million (Q1 2020: € 9.1 million) due to the continuing good demand, the restraint in some industries were felt in the Service segment, especially at the beginning of the year. Here, revenue fell by 7.9% to € 23.3 million (Q1 2020: € 25.3 million). The operating result (EBIT) improved by around a third to € -2.7 million in the same period (Q1 2020: € -3.9 million). This is mainly due to a more efficient cost structure. In addition, the acquisition of EXA AG in February 2021 had a positive effect. Accordingly, the net result for the period also improved to € -2.5 million in the traditionally weaker first quarter, compared to € -3.4 million in the same period of the previous year.

"Although we recorded a decline in revenue in the first quarter due to Corona, we were able to significantly improve our net result for the period. The development of order entry and order backlog also show that the market is slowly picking up again and that we are therefore sticking to our growth plans for this year," says Michael Eberhardt, CEO of SNP SE.

Order entry increased by around 10% to € 52.5 million in the first quarter of 2021 (Q1 2020: €47.7 million). The Software segment accounted for € 22.0 million, which represents 42% of total order entry (Q1 2020: € 16.7 million or 35%). The Service segment accounted for € 30.5 million or 58% of order intake (Q1 2020: € 31.0 million or 65%).

The order backlog reached a value of € 133.9 million at the end of the first quarter of 2021 and was thus around a quarter higher than in the same period of 2020 (March 31, 2020: € 106.2 million).

The number of employees as of March 31, 2021 was 1,588 (December 31, 2020: 1,463) which is mainly attributable to the acquisition of EXA AG in February 2021.

Outlook confirmed
For fiscal 2021, the company continues to expect revenue growth to between € 160 million and € 180 million based on a global increase in willingness to invest. Revenue in each of the company's business segments, Service and Software, will be significantly higher than in the previous year. Depending on the progress of the global measures to combat the COVID-19 pandemic, the target for the EBIT margin is 5% to 8%, and thus EBIT significantly higher than the previous year. The order entry volume will continue to pick up in 2021 and is expected to be significantly higher than the previous year. No M&A transactions are considered in the forecast for the current fiscal year due to uncertainties.

Key Figures

in m€ Q1 2021 Q1 2020 Change in %
Order Entry 52.5 47.7 +10.1
Order Backlog (31.3.) 133.9 106.2 +26.1
Revenue 33.1 34.4 -3.8
EBITDA -0.9 -2.0 +55.0
EBIT -2.7 -3.9 +29.5
 

 

About SNP

SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.

The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenues of around € 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE).

More information is available at www.snpgroup.com

Contact person at SNP:
Nicole Huber
Executive Vice President Corporate Development
Tel.: +49 6221 6425-920
E-mail: nicole.huber@snpgroup.com

Christoph Marx
Global Head of lnvestor Relations
Tel.: +49 6221 6425-172
E-mail: christoph.marx@snpgroup.com



29.04.2021 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.
Archive at www.dgap.de



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Kaufen: Vectron Systems AG legt verstärkt Fokus auf Digitalgeschäft

Nachdem die Vectron Systems AG bislang insbesondere Kassensysteme verkauft hat, wird nun das Digitalgeschäft stärker in den Fokus rücken. Damit sollen die wiederkehrenden Einnahmen und die Wertschöpfung je Kunde deutlich erhöht werden. Über Cloud-Module können die Kunden nun mehrere digitale Services, die sie sonst über viele Einzelverträge abdecken, direkt mit dem Erwerb der Vectron-Kassen über den Fachhandel dazubuchen. Wir haben die Vectron Systems AG im Rahmen eines DCF-Modells bewertet und ein Kursziel in Höhe von 21,15 € ermittelt und vergeben das Rating KAUFEN.

Aktuelle Research-Studie

Original-Research: Rock Tech Lithium Inc. (von Montega AG): Kaufen Rock Tech Lithium Inc.

14. Juni 2021