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DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarterly / Interim Statement
SNP SE confirms preliminary figures for the first quarter 2021
- Group revenue decreases to € 33.1 million in Q1 2021 (-3.8% compared to Q1 2020)
Heidelberg, 29 April 2021 - SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a world-leading provider of solutions for digital transformation processes and software-based data migrations, today published its report for the first quarter of 2021, confirming the preliminary figures. According to this, consolidated revenue fell by 3.8% to € 33.1 million compared with the same quarter of the previous year (Q1 2020: € 34.4 million), which was not yet affected by the consequences of the COVID 19 pandemic. The individual segments developed very differently: While revenue in the Software segment increased by 7.5% to € 9.8 million (Q1 2020: € 9.1 million) due to the continuing good demand, the restraint in some industries were felt in the Service segment, especially at the beginning of the year. Here, revenue fell by 7.9% to € 23.3 million (Q1 2020: € 25.3 million). The operating result (EBIT) improved by around a third to € -2.7 million in the same period (Q1 2020: € -3.9 million). This is mainly due to a more efficient cost structure. In addition, the acquisition of EXA AG in February 2021 had a positive effect. Accordingly, the net result for the period also improved to € -2.5 million in the traditionally weaker first quarter, compared to € -3.4 million in the same period of the previous year.
"Although we recorded a decline in revenue in the first quarter due to Corona, we were able to significantly improve our net result for the period. The development of order entry and order backlog also show that the market is slowly picking up again and that we are therefore sticking to our growth plans for this year," says Michael Eberhardt, CEO of SNP SE.
Order entry increased by around 10% to € 52.5 million in the first quarter of 2021 (Q1 2020: €47.7 million). The Software segment accounted for € 22.0 million, which represents 42% of total order entry (Q1 2020: € 16.7 million or 35%). The Service segment accounted for € 30.5 million or 58% of order intake (Q1 2020: € 31.0 million or 65%).
The order backlog reached a value of € 133.9 million at the end of the first quarter of 2021 and was thus around a quarter higher than in the same period of 2020 (March 31, 2020: € 106.2 million).
The number of employees as of March 31, 2021 was 1,588 (December 31, 2020: 1,463) which is mainly attributable to the acquisition of EXA AG in February 2021.
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.
The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenues of around € 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE).
29.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
SNP Schneider-Neureither & Partner SE
Speyerer Str. 4
+49 6221 6425 637, +49 6221 6425 172
+49 6221 6425 20
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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