30.10.2015
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP AG growing substantially
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s):
Quarter Results
SNP AG growing substantially
30.10.2015 / 08:14
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SNP | Corporate News
SNP AG growing substantially
- Revenue increases significantly to EUR 41.4 million (up 84.1%) in first
nine months of 2015 financial year
- Above-average earnings increase
- EBITDA margin doubles to 11.3% (up 5.9 percentage points)
- EBIT margin: 9.2% (up 6.5 percentage points)
- Earnings per share rise by 600% to EUR 0.63 (previous year: EUR 0.09)
- Cash flow from operating activities in Q3: EUR 4.2 million
- Record order backlog as at 30 September 2015: EUR 20.0 million (up 92%)
- Revenue forecast for year as a whole raised to between EUR 51 million
and EUR 53 million
Heidelberg, 30 October 2015 - SNP AG grew substantially in the first nine
months of the 2015 financial year: consolidated revenue rose by 84% to EUR
41.4 million as at 30 September. EBIT climbed by 526% from EUR 0.6 million
to EUR 3.8 million as against the previous year. Consolidated net profit
amounted to EUR 2.3 million after the first three quarters (previous year:
EUR 0.4 million). As a result, earnings per share increased from EUR 0.09
to EUR 0.63.
"SNP AG is moving towards strong growth and sustainability. The company is
increasingly becoming a preferred and sought-after partner in major and
highly complex company transactions as well. Our strategy for using a
broad-based yet extremely efficient software is paying off more and more.
We are thus strongly benefiting from the emerging modernisation of IT
landscapes in companies as well as increasing digitisation. SNP is in an
excellent position to leverage this potential. Last but not least, our
successful acquisitions and our expanding market position in North America
are having a positive impact on corporate growth. We expect this momentum
to continue to accelerate," said Dr Andreas Schneider-Neureither, CEO of
SNP AG.
Another US subsidiary was established in August in order to drive ahead
growth. Its work will focus on the development of a delivery centre in the
US to directly control and carry out the increasing number of American
transformation projects from North America.
SNP AG raised its revenue forecast for 2015 between EUR 51 million and EUR
53 million (previously between EUR 47 million and EUR 49 million). The
Executive Board is retaining its earnings forecast and continues to expect
an operating EBIT margin of at least 6% at the end of the year.
The nine-month period in detail:
SNP AG's consolidated revenue increased by 84.1% from EUR 22.5 million to
EUR 41.4 million as against the first nine months of the 2014 financial
year. The excellent capacity utilisation with a clear increase in order
backlog made a significant contribution to this revenue development.
Revenue in the third quarter of 2015 amounted to EUR 14.5 million (previous
year EUR 7.0 million), up 108.6% year-on-year.
RSP GmbH, included in consolidation for the first time in the reporting
period, contributed around 30% to revenue growth after the first three
quarters. After adjustment for acquisitions, organic revenue growth
amounted to approximately 54%. Organic revenue growth amounted to around
80% in the third quarter.
In terms of segment performance, the Professional Services segment, which
includes consulting services in particular, contributed EUR 34.6 million to
revenue in the first three quarters of the current financial year (previous
year: EUR 17.0 million). This represents an increase of 103.9% as against
the same period of the previous year. Adjusted for acquisitions, growth
amounted to around 66%.
The Software segment (including maintenance) accounted for revenue of EUR
6.8 million after the first nine months of the financial year (previous
year: EUR 5.5 million). This corresponds to an increase of 23.0% as against
the previous year. Within the segment, licence revenue increased by 15.4%
to EUR 5.2 million (previous year: EUR 4.5 million). Maintenance revenue
rose strongly by EUR 0.6 million (EUR 0.3 million of which due to
acquisitions) to EUR 1.6 million.
The excellent revenue performance was also reflected in earnings. Despite
continuous growth investments, SNP AG reported strong earnings. EBITDA rose
from EUR 1.2 million to EUR 4.7 million. EBIT picked up from EUR 0.6
million to EUR 3.8 million. This corresponds to profit margins of 11.3%
(EBITDA) and 9.2% (EBIT). All in all, net profit of EUR 2.3 million was
reported for the period after the first nine months of the financial year
(previous year: EUR 0.4 million). The net margin was thus 5.7%. Earnings
per share amounted to EUR 0.63 (previous year: EUR 0.09).
The financial situation of the company remains positive: in the third
quarter alone, SNP AG generated cash flow from operating activities of EUR
4.2 million as a result of consolidated net income and the significant
reduction in working capital as against 30 June 2015. Overall, cash and
cash equivalents increased by EUR 8.5 million as compared to 31 December
2014 to EUR 14.2 million.
Total assets rose significantly by EUR 18.5 million as against 31 December
2014 to EUR 44.7 million, mainly as a result of the acquisition of RSP GmbH
and the placement of a corporate bond.
The Q3 2015 report published today can be viewed on the SNP website at:
http://snp.unternehmensberichte.net/reports/snp/quarter/2015/q3/English/0.
html
About SNP
Digital transformation and the ability to respond quickly to changes in the
business environment are today crucial factors in competitions across all
sectors. SNP AG helps companies to consolidate their IT landscapes and to
adapt to new general conditions quickly and economically. SNP sees itself
as a catalyst and accelerator of digital transformation. In SNP
Transformation Backbone(R), SNP provides the world's first standard
software for the automated analysis and standardised implementation of
changes in IT systems. It is based on the experience that SNP has gathered
from more than 4,000 projects worldwide with its software-based services
for Business Landscape Transformation.
SNP AG employs around 380 people in Europe and the United States, around
250 of whom in Germany. The company, which is headquartered in Heidelberg,
generated revenue of EUR 30.5 million in 2014. Its customers are global
corporations operating in industry, the finance sector, service sectors as
well as the commercial and health sectors. SNP AG was founded in 1994 and
has been listed since 2000. It was admitted to the Prime Standard of the
Frankfurt Stock Exchange (ISIN DE0007203705) in August 2014.
You can find more information at: www.snp-ag.com
Investor relations contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: [email protected]
http://www.snp-ag.com/de/Investor-Relations/
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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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