SNP Schneider-Neureither & Partner SE

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

Nachricht vom 31.01.2020 | 07:30

SNP SE Looks Back on a Successful 2019 Fiscal Year and Expects Further Revenue and Earnings Growth in 2020

DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Preliminary Results
31.01.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

SNP SE Looks Back on a Successful 2019 Fiscal Year and Expects Further Revenue and Earnings Growth in 2020

- Group revenue in 2019 increased by 10% over the previous year to around € 145 million
- Significant margin improvement due to strong software business growth
- At approximately 5%, EBIT margin considerably higher than in previous year
(2018: -1.9%)
- Order entry in 2019 increased by 52% to around € 201 million
- Positive outlook for 2020: Management expects revenue of between € 175 million and € 185 million

Heidelberg, Germany, January 31, 2020 - SNP Schneider-Neureither & Partner SE, a global leader in transformation software and services, significantly increased its revenue and earnings in the 2019 fiscal year. According to the preliminary figures published today for the 2019 fiscal year, revenue rose by 10% to around € 145 million (previous year: € 131.0 million). At the same time, the operating profit margin (EBIT margin) increased to around 5% (previous year: -1.9%). The high-margin Software business segment was a key factor driving this growth. Here, SNP achieved a particularly strong growth rate of 64% and reached a volume of around € 48 million in sales. The software business's share of overall revenue in 2019 thus rose to approximately 33% (previous year: 22%). In the Services business segment, revenue declined by 5% in 2019 to around € 97 million mainly due to negative currency-related factors. In addition, a lower order backlog from the beginning of the year burdened the development.

"The preliminary figures for 2019 show that SNP is positioned very promisingly from a strategic point of view. In the Software business segment in particular, in 2019 we stepped up our growth momentum and established a large number of groundbreaking partnerships," says Dr. Andreas Schneider-Neureither, CEO of SNP SE. "We will keep up this pace at SNP and achieve further revenue and earnings growth in 2020."

The anticipated growth volume in 2020 is also based on a strong order entry figure in the 2019 fiscal year. At approximately € 201 million, this is 52% higher than the previous year's figure. SNP registered positive performance in both its Software and Services business segments; while the order entry figure in the Services business segment rose by around 20% over the previous year, the order entry volume in the Software business segment almost tripled year over year. In the current 2020 fiscal year, these two factors will both have a positive impact on SNP's revenue and earnings trend.

In this context, SNP's management anticipates a significant increase in Group revenue to between € 175 million and € 185 million for the 2020 fiscal year. In particular, the growing share of software revenue will have a positive effect on the Group's EBIT margin.

SNP SE will present its audited figures for the 2019 fiscal year on March 30, 2020.

About SNP

SNP SE helps companies adapt their business models and successfully utilize opportunities for digitalization by means of proprietary solutions. Our software and services make it easy to implement business or technical changes in business applications and enable customers to automate this process.

With its unique BLUEFIELDTM approach and its world-leading business transformation platform CrystalBridge(R), the company has established the foundations for setting an industry standard for automated data transformation. SNP specializes in the automated analysis, implementation and monitoring of changes to IT systems. This approach significantly boosts quality while reducing costs, risks and the time required for the implementation of complex transformation projects, while adhering to the highest compliance and security standards.

The SNP Group has around 1,400 employees worldwide. Headquartered in Heidelberg, the company generated revenue of € 131 million in the 2018 fiscal year. It serves multinational companies from all industries. SNP was founded in 1994 and has been publicly traded since 2000. As of August 2014, the company is listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705). Since 2017, the company has operated as a European stock corporation (Societas Europaea/SE).

Further information is available at www.snpgroup.com

Investor Relations Contact:

Christoph Marx
Head of Investor Relations
Tel: +49 6221 6425-172

Marcel Wiskow
Director Investor Relations
Tel: +49 6221 6425-637

Email: investor.relations@snpgroup.com



31.01.2020 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.

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