SNP Reports Record Q2 2024 Results Driven by Strong Partner Business and Software Sales

SNP Schneider-Neureither & Partner SE has reported record-breaking Q2 2024 results, attributed to a significant boost in partner business and software sales. Order entry surged by 45% to €74.1 million compared to Q2 2023. Group revenue saw a 28% increase, reaching €62.0 million.

The company’s EBIT skyrocketed from €1.0 million to €8.4 million, lifting the EBIT margin from 2.1% to 13.6%. Notably, the partner business experienced a 106% increase in order entry to €42.6 million, while the service and software businesses contributed €38.4 million (+12%) and €23.6 million (+64%) respectively to the Group revenue.

SNP’s CEO Jens Amail highlighted the impact of the company’s Kyano platform and noted ongoing operational improvements. CFO Andreas Röderer emphasized progress across all business areas, driven by the S/4HANA and RISE with SAP projects.

Other significant milestones include the expansion of the CrystalBridge platform, the SNP Transformation World event, and major partnerships such as the BMW Group collaboration. Additionally, SNP settled a multi-year legal dispute positively affecting Q2 EBIT and acquired Trigon Consulting to further their IT and business transformation services.