SNP Reports Strong Q3 2024 Performance and Raises Annual Guidance

SNP Schneider-Neureither & Partner AG recorded significant growth in the third quarter of 2024. Order entries increased by 24% to approximately €75 million, up from €60.2 million in Q3 2023. Revenue also saw a 24% rise, reaching around €67 million compared to €54.1 million the previous year. Earnings before interest and taxes (EBIT) improved substantially, climbing from €4.8 million to about €8 million, equating to an EBIT margin of around 12%.

For the first nine months, order entries totaled approximately €210 million, with revenue at €183 million and EBIT surging to €20 million, from €8.3 million in the same period in 2023. CEO Jens Amail attributed this success to the positive reception of SNP's Kyano platform and international growth.

With ongoing momentum, SNP increased its 2024 full-year revenue forecast to between €240 million and €250 million and EBIT to range from €21 million to €25 million. The company expects a book-to-bill ratio greater than one for order entry over sales revenue.