SNP experiences a successful start to the 2023 fiscal year with a significant increase in order entry, revenue and EBIT

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SNP experiences a successful start to the 2023 fiscal year with a significant increase in order entry, revenue and EBIT

• Order entry of € 58.3 million was 32% above the previous year
• Group revenue increased by 15% to € 47.1 million in Q1 2023 (Q1 2022: € 41.0 million)
• Software revenue grew disproportionately by 27%
• EBIT increased to € 2.5 million (Q1 2022: € 1.1 million), EBIT margin to 5.2% (Q1 2022: 2.7%)
• Outlook confirmed: SNP continues to expect positive business development in the 2023 fiscal year

Heidelberg, April 27, 2023 – SNP Schneider-Neureither & Partner SE, a leading global provider of software for digital transformations, automated data migrations and data management in the SAP environment, presented today its interim report for the first quarter of 2023, which confirms a successful start to the 2023 fiscal year: Revenue increased by 15% year-on-year to € 47.1 million. At the same time, EBIT rose significantly by € 1.4 million to € 2.5 million despite negative currency effects. As a result, the EBIT margin also improved to 5.2%. Order entry experienced a significant increase of 32%. SNP is thus successfully continuing on its path of growth.

SNP CEO Dr. Jens Amail comments: “More and more customers and partners see the significant value creation potential of our Software and view SNP solutions as a critical success factor for their digital transformation process. This led to strategic partnership agreements with two large clients in the first quarter. In addition, we are very pleased with the overproportional growth outside of our home market in Central Europe which reinforces our global strategy. We have also seen a significant increase of SAP S/4HANA projects, both in terms of number of transactions and volume.”

High growth rates in the strategically important software business in particular contributed to the good business development. Revenue of € 15.4 million were approximately 27% above the previous year. Software revenue thus contributed 33% of total revenue.

Outlook for 2023 confirmed: Growth in order entry, revenue and EBIT

SNP continues to expect positive business development in the 2023 fiscal year. For 2023 as a whole, the following is expected within the SNP Group:

• Order entry and revenue will be driven in particular by a software and partner strategy that continues to gain market acceptance, and growth rates will be significantly above those of the previous year (order entry 2022: € 193.6 million; revenue 2022: € 173.4 million). However, the growth rates of the first quarter will not continue, as this quarter was dominated by the two major projects.

• EBITDA and the operating result (EBIT) will grow slightly more strongly than revenue in percentage terms (EBITDA 2022: € 17.6 million, EBIT 2022: € 6.8 million).

The more detailed interim report for the first quarter of 2023 can be downloaded from our website at https://investor-relations.snpgroup.com/en/publications//

About SNP

SNP (ticker: SHF.DE) helps companies worldwide to unlock the full potential of their data and shape their own tailored journey towards a digital future.

SNP’s Data Excellence Platform CrystalBridge^® and the BLUEFIELD approach have set a comprehensive industry standard for restructuring and modernizing SAP systems faster and more securely while harnessing data-driven innovations in the cloud.

The company works with around 1,800 customers of all sizes and in all industries worldwide, including 21 of the DAX40 and 95 of the Fortune 500.

The SNP Group has around 1,400 employees worldwide at over 40 locations in 15 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of € 173.4 million in the 2022 fiscal year.

More information is available at www.snpgroup.com

Contact person at SNP

Marcel Wiskow
Director Investor Relations
Phone: +49 6221 6425-637
Email: marcel.wiskow@snpgroup.com
presse@snpgroup.com