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DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Quarterly / Interim Statement
- Group sales increase to €121.7 million after nine months (+14.5% year-on-year)
- Acquisitions strengthen growth momentum
- EBIT improves to €1.8 million (9M 2020: €0.3 million)
- Order intake declines by -5.8%, order backlog: +38.0%
- Sales and earnings expectations for 2021 specified
"We are pleased with the pick-up in revenue growth, which reflects our operational clout and underlines that we are on the right track overall," said Michael Eberhardt, CEO of SNP SE. "We enter the last quarter of the year with a high order backlog and are confident that we will achieve our annual targets as planned."
Order entry declined by -5.8% to € 131.6 million in the first nine months of the current fiscal year (9M 2020: €139.7 million). This includes €7.7 million from the acquisitions of EXA AG and Datavard AG. In organic terms, the figure therefore declined by -11.3%. The decrease is mainly due to large-volume partnership agreements concluded last year and the associated high level of the previous year. Since the beginning of the year, new partnerships have predominantly been concluded without a predefined volume, with the result that sales and earnings contributions from these contracts are only recognized in profit or loss at a later date. This has led to a corresponding shift in the timing of new order entry.
The Software segment accounted for €43.6 million or around 33% of order intake (previous year: €57.3 million or around 41%). This corresponds to a decline of around -24% and is the result of a strong prior-year period in which various partnership agreements with multi-year software contingents were concluded. The acquisitions of EXA AG and Datavard AG contributed €2.0 million to order intake in the Software segment.
The Service segment accounted for €88.0 million or around 67% of order intake (previous year: €82.4 million or around 59%), an increase of 7%. This figure includes € 5.7 million from the acquisitions of EXA AG and Datavard AG. As EXA's business model is essentially software-related services, the segment allocation is currently under review.
As of September 30, 2021, the order backlog amounted to €135.5 million, compared with €110.8 million as of December 31, 2020, of which a total of €12.3 million is attributable to the acquisitions of EXA AG and Datavard AG.
As of September 30, 2021, the number of employees in the SNP Group increased to 1,762, mainly due to the consolidation of Datavard AG and EXA AG; as of December 31, 2020, the total number of employees was 1,463.
Order Entry and Order Backlog:
Further details are available in the full interim report published under:
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).
More information is available at www.snpgroup.com
28.10.2021 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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