30.03.2016
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP AG remains on growth path with significant increase in revenue and earnings in 2015
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s): Final
Results/Dividend
SNP AG remains on growth path with significant increase in revenue and
earnings in 2015
30.03.2016 / 08:20
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
SNP AG remains on growth path with significant increase in revenue and
earnings in 2015
Consolidated financial statements for 2015:
- Consolidated revenue of EUR 56.2 million (+85%); EBIT increases to EUR
4.6 million
- Earnings per share of EUR 0.69 (previous year: EUR 0.27)
- Proposed dividend: EUR 0.34 per share (+162%); distribution ratio: 49%
- EBITDA margin: 10.4% (+2.6 percentage points)
- EBIT margin: 8.1% (+3.4 percentage points)
- Market presence in North America and Asia expanded significantly
Outlook for 2016:
- Consolidated revenue to increase to between EUR 72 and 78 million
- EBIT margin of between 8% and 10%
Heidelberg, 30 March 2016 - SNP AG continued on its dynamic and profitable
growth path in fiscal year 2015. All of the company's relevant key
performance indicators improved, in some cases considerably. Consolidated
revenue in 2015 increased by 84.5% and amounted to
EUR 56.2 million, after it was EUR 30.5 million in the previous year. EBIT
grew by EUR 1.4 million compared to the previous year to EUR 4.6 million.
Excellent capacity utilisation made a significant contribution to this
positive performance along with a clear increase in the order backlog and
rising project volumes. This means that SNP has confirmed the provisional
figures for fiscal year 2015 that it published in January.
SNP AG simultaneously pressed ahead with its development into a global
company in fiscal year 2015. The number of employees around the world
increased to over 600. With the acquisition of majority interests in
Hartung Consult GmbH, Berlin, and Astrums Consulting (S) Pte. Ltd.,
Singapore, SNP has gained deeper access to the rapidly growing Asian
markets. SNP also expanded its business activities in North America.
The Executive Board is forecasting consolidated revenue to amount to
between EUR 72 million and EUR 78 million and an EBIT margin of between 8%
and 10% in fiscal year 2016; this is also based on the sustained strong
level of incoming orders in the first months of the new fiscal year.
"The strategic course adopted over the past two years is having a clear and
extremely positive effect. SNP has made itself even more stable and fit for
the future. We have expanded our presence in key markets worldwide. Our
efficient software and our advisory expertise are increasingly in demand
for major and highly complex corporate transactions. Using our
cross-industry software allows customers to successfully shape the digital
revolution and seize new opportunities on the market. We are extremely
confident that we will be able to actively press ahead with the SNP Group's
continued development in 2016 and confirm our high growth momentum once
again in the coming months, which can be seen in the figures for the past
fiscal year. We see considerable potential in the areas of cloud services
and S/4 Hana and the necessary transformation of legacy systems," said Dr
Andreas Schneider-Neureither, CEO of SNP AG.
Key figures for fiscal year 2015 in detail:
In the 2015 financial year, SNP AG achieved consolidated revenue of EUR
56.2 million. Compared with EUR 30.5 million from the previous year, this
equates to sales growth of 84.5%. Both SNP business segments contributed to
the positive revenue and business development: The excellent order
situation over the year, accompanied by growth in projects and project
sizes, led to revenue growth of 106.1% to EUR 46.9 million in the
Professional Services consultancy segment (previous year: EUR 22.7
million). In the Software segment, which comprises licence and maintenance
revenue, revenue increased by 21.1% to EUR 9.4 million in the same period
(previous year: EUR 7.7 million). RSP Reinhard Salaske & Partner
Unternehmensberatung GmbH, which was fully included in consolidation for
the first time, contributed EUR 8.8 million to revenue growth. Adjusted for
this acquisition effect, operating revenue growth amounted to EUR 17.0
million or 55.7%.
Irrespective of other growth investments and acquisition costs, EBITDA
improved from EUR 2.4 million to EUR 5.8 million. In the same period, EBIT
increased from EUR 1.4 million in the previous year to EUR 4.6 million.
This corresponded to an EBITDA margin of 10.4% and an EBIT margin of 8.1%.
After taxes, this resulted in net income of EUR 2.6 million for fiscal year
2015, corresponding to a net margin of 4.5%.
Based on the net income generated, SNP AG reported an operating cash flow
of EUR 1.2 million in fiscal year 2015 (prior year: EUR 1.4 million). In
investment activities, cash outflow of EUR 5.0 million was recorded. This
was offset by cash generated by financing activities of EUR 11.9 million.
Total cash flow was therefore EUR 8.1 million (prior year: EUR -0.7
million). Accordingly, cash and cash equivalents increased from EUR 5.7
million to EUR 13.8 million as at 31 December 2015, meaning that SNP AG
continues to enjoy an extremely solid financial position.
In light of the positive development in fiscal year 2015, the Executive
Board and the Supervisory Board will propose a dividend of EUR 0.34 per
share to the Annual General Meeting. This corresponds to a distribution
ratio of around 49%.
Outlook for 2016
As a result of the growth investments made and the improvement in SNP's
reputation on the market in the past fiscal year, the Executive Board is
anticipating a further increase in revenue in both the Professional
Services segment and the Software segment in the current fiscal year. SNP
is focusing in particular on the further development of its software and
the continued improvement of its product quality. The growing proportion of
total revenue attributable to software licenses and the resulting economies
of scale are expected to lead to rising operating margins in the medium to
long term.
The 2015 Annual Report, published today, is available on the SNP website at
http://www.snp-ag.com/eng/Investor-Relations/Financial-Publications/Financ
ial-Reports/2016/
About SNP
SNP empowers organizations to successfully shape digital transformations
and pursue market opportunities on the basis of highly adaptable IT. SNP's
solutions and software are used to integrate previously separate IT
environments, support M&A projects and carve-outs, and cultivate new
markets outside of the home market. SNP Transformation Backbone(R) is the
world's first standard software to automatically analyze and execute IT
system transformation. It delivers significantly better quality while
greatly reducing the time and expense involved in transformation projects.
SNP AG has over 600 employees in Europe, South Africa, Asia and the US. The
company is headquartered in Heidelberg and generated around EUR 56 million
in revenue in 2015, according to preliminary figures. Its products and
solutions are used by multinationals in manufacturing, finance and the
service sector. SNP AG was established in 1994, went public in 2000, and
has been in the Frankfurt Stock Exchange's Prime Standard segment since
August 2014 (ISIN DE0007203705).
For further information, visit www.snp-ag.com.
Contact for Investor Relations:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: [email protected]
http://www.snp-ag.com/eng/Investor-Relations/
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30.03.2016 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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