SNP Schneider-Neureither & Partner SE Reports Strong Start to 2024

SNP Schneider-Neureither & Partner SE announced exceptional first-quarter results for 2024, following a record-breaking year in 2023. The company reported a 15% increase in group revenue, totaling €54.0 million compared to €47.1 million in the first quarter of 2023. EBIT for Q1 2024 rose by 63% to €4.0 million, up from €2.5 million in the same period last year, improving the EBIT margin to 7.4% from 5.2%.

The company’s operating cash flow also saw a significant turnaround, registering €10.3 million compared to a negative cash flow in Q1 2023. SNP also confirmed its positive outlook for the rest of 2024, expecting further revenue growth and sustained business development.

Key strategic movements included forming a global partnership with smartShift and acquiring Trigon Consulting, boosting SNP’s service capabilities. With a continued focus on client success and market leadership in digital transformation and data management for SAP systems, SNP looks forward to maintaining its growth trajectory in the increasingly complex business environment.