30.03.2017
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP AG: Continued Upward Trend - Revenue and Financial Performance Much Higher in 2016 - Advances in Operational and Strategic Development
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s): Final
Results/Forecast
SNP AG: Continued Upward Trend - Revenue and Financial Performance Much
Higher in 2016 - Advances in Operational and Strategic Development
30.03.2017 / 08:05
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
Continued Upward Trend for SNP AG - Revenue and Financial Performance Much
Higher in 2016 - Advances in Operational and Strategic Development
2016 Consolidated Financial Statements:
- Group revenue reaches EUR 80.7 million (+44%)
- Above-average growth in software license revenue at EUR 12.0 million
(+61%)
- Operating earnings (EBIT) increase to EUR 6.9 million (+50%)
- Earnings per share of EUR 0.95 (previous year: EUR 0.69)
- Dividend proposal: EUR 0.39 per share (+50%); payout ratio: 48%
- EBITDA margin: 10.6% (previous year: 10.4%)
- EBIT margin: 8.5% (previous year: 8.1%)
2017 Outlook:
- Principle goal: consistent revenue growth - Group revenue climbs to
between EUR 96 million and EUR 100 million
- With organic revenue growth of 10% to 15%, the Executive Board predicts an
EBIT margin of between 9% and 11% and forecasts profitability of between 7%
and 12% for higher overall growth (organic and inorganic)
Heidelberg, Germany, March 30, 2017 - In the 2016 fiscal year, SNP AG forged
ahead on its path of profitable growth. In the consolidated financial
statements, which are available now, the specialist for standard software
for digital transformation reports strong growth in key business performance
indicators. Also in the 2016 fiscal year, the company successfully advanced
its strategic development and internationalization. As a result, the number
of employees has increased by today to more than 720, at least a third of
whom are working in non-German-speaking countries. At the beginning of 2016,
SNP AG still had around 400 employees.
In particular, Group revenue grew 43.5% from EUR 56.2 million in the
previous year to EUR 80.7 million in 2016. The significantly higher revenue
volume led to slightly above-average earnings growth: Operating earnings
(EBIT) improved by 49.8% from the previous year to EUR 6.9 million. In the
process, SNP confirmed the figures for the 2016 fiscal year that it
preliminarily announced in January 2017.
"The 2016 fiscal year was quite successful for SNP AG. This applies to the
operating business as well as to strategic development and the safeguarding
of sustainable growth. With the latest large-scale projects, we have raised
SNP's public profile to a new level. SNP is always an option for today's
global and highly complex transformation projects. This can be seen in
requests for proposals and in how SNP is included in the earliest stages of
planning. The approximately 50% increase in operating earnings to EUR 6.8
million is clear proof that our business model works. The trend in our
software licensing is also quite positive. This much is certain:
Transformation software is becoming an absolutely critical technology for
handling ongoing corporate transformation processes. Therefore, our goal is
clear: We want to continue to grow profitably and help create value for our
customers," says Dr. Andreas Schneider-Neureither, Chief Executive Officer
of SNP AG.
Key Figures for the 2016 Fiscal Year in Detail:
SNP AG generated Group revenue of EUR 80.7 million (previous year: EUR 56.2
million) in the 2016 fiscal year. This represents a revenue increase of
43.5% year over year. Aside from acquisition-related revenue growth,
decisive factors were the sustained very good order situation as well as
very good capacity utilization throughout the year given a significantly
higher order backlog.
EUR 55.3 million in sales was generated in 2016 (previous year: EUR 42.4
million) in the DACH region (Germany, Austria and Switzerland). In the US
market, revenue of EUR 13.1 million was generated in 2016; compared to the
previous year, this corresponds to an increase of EUR 2.6 million or
approximately 25%.
Both SNP business segments participated in this positive revenue and
business performance. In the Professional Services consulting division,
sales increased 42.0% to EUR 66.6 million (previous year: EUR 46.9 million).
In the Software segment, which includes licensing and maintenance fees,
revenue rose 48.9% to EUR 14.0 million in the same period (previous year:
EUR 9.4 million). Growth in licensing sales in the Software segment was well
above average. SNP generated revenue from software licensing of EUR 12.0
million in the 2016 fiscal year. This represents an increase of 61.1% from
the previous year (previous year: EUR 7.4 million).
Despite continuous investments in growth, earnings before interest, taxes,
depreciation and amortization (EBITDA) increased in the 2016 fiscal year to
EUR 8.5 million (previous year: EUR 5.8 million). This represents an
increase in EBITDA of 46.0% year over year and an EBITDA margin of 10.6%
(previous year: 10.4%). In the same period, earnings before interest and
taxes (EBIT) amounted to EUR 6.9 million (previous year: EUR 4.6 million).
This represents an increase in EBIT of 49.8% from the previous year and an
EBIT margin of 8.5% (previous year: 8.1%).
In the 2016 fiscal year, SNP generated positive operating cash flow of EUR
0.6 million (previous year: EUR 1.2 million). Cash flow from investing
activities totaled EUR -9.4 million (previous year: EUR -5.0 million). This
was offset by a positive cash flow from financing activities of EUR 26.8
million (previous year: EUR 11.9 million), which was primarily attributable
to net proceeds of EUR 30.1 million from the capital increase in July 2016.
Overall cash flow during the reporting period totaled EUR 18.1 million
(previous year: EUR 13.8 million). The level of cash and cash equivalents
increased to EUR 31.9 million as of December 31, 2016 (previous year: EUR
13.8 million).
In view of the positive performance in the 2016 fiscal year, the Executive
Board and the Supervisory Board will propose at the General Meeting being
held on May 31, 2017, that a dividend of EUR 0.39 per share be distributed
for the 2016 fiscal year (previous year: EUR 0.34 per share; adjusted for
the higher number of shares after the capital increase in 2016: EUR 0.26).
With regard to the share in the profit and loss of SNP AG shareholders, this
corresponds to a payout ratio of 48% (previous year: 49%).
2017 Outlook
As in previous years, it is assumed that in the current fiscal year revenue
will not be evenly distributed over the quarters and that the second half of
the year should be much stronger. Based on organic growth of up to 20%, the
Executive Board expects Group revenue of between EUR 96 million and EUR 100
million in the 2017 fiscal year.
The Executive Board is pursuing the principle goal of consistent revenue
growth for the SNP Group, in strict accordance with a structural increase in
profitability. Furthermore, the Executive Board also aims to further improve
market penetration via additional acquisitions and to tap into new sales
markets. Independent from the required organic and inorganic growth
investments, the profitability of the SNP Group is subject to an enormous
range of fluctuation: with organic revenue growth of 10% to 15%, the
Executive Board predicts an EBIT margin of between 9% and 11% for the 2017
fiscal year and forecasts profitability of between 7% and 12% for higher
overall growth (organic and inorganic).
The 2016 Annual Report published today can be downloaded from the SNP
website at
About SNP
SNP enables companies to successfully navigate the rapidly changing digital
environment and seize their opportunities on the market with a highly
flexible IT infrastructure. The solutions and software from SNP provide
support for M&A projects and carve-outs, allow for the integration of
previously divergent IT landscapes and promote expansion into new markets
outside of the domestic space. With SNP Transformation Backbone(R), the
company offers the world's first standardized software for automatically
assessing and implementing changes to IT systems. This provides customers
with clear qualitative advantages while notably reducing the time and
expense involved in transformation projects.
SNP AG employs over 700 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue of
approximately EUR 81 million in 2016. Its customers include globally
operating corporations in the industrial, financial and service sectors. SNP
AG was founded in 1994 and has been publicly traded since 2000. As of August
2014, the company is listed on the Prime Standard segment of the Frankfurt
Stock Exchange (ISIN DE0007203705).
Further information is available at www.snp-ag.com
Investor Relations Contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: [email protected]
http://www.snp-ag.com/de/Investor-Relations/
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30.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: [email protected]
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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