28.03.2018
SNP Schneider-Neureither & Partner SE DE0007203705
DGAP-News: SNP SE Achieves Progress in Software Strategy and Expects Profitable Growth in 2018
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Final
Results/Forecast
SNP SE Achieves Progress in Software Strategy and Expects Profitable Growth
in 2018
28.03.2018 / 20:52
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
SNP SE Achieves Progress in Software Strategy and Expects Profitable Growth
in 2018
2017 Consolidated Financial Statements:
- Group revenue increases to EUR 122.3 million (previous year: EUR 80.7
million)
- Investments in growth result in operating margin loss:
- EBIT (non-IFRS*, adjusted for exchange rate effects): EUR 4.7 million
(previous year: EUR 6.9 million)
- EBIT (IFRS): EUR -0.5 million (previous year: EUR 6.9 million)
- Earnings per share of EUR -0.47 (previous year: EUR 0.95)
2018 Outlook:
- Group revenue is expected to increase to between EUR 150 million and EUR
155 million
- Positive operating earnings margin (EBIT margin) in the mid-single-digit
percentage range
Heidelberg, March 28, 2018 - SNP SE continued to pursue its successful
growth trend in the 2017 fiscal year and achieved significant strategic
objectives. As the company reported today upon presenting its annual report
for 2017, SNP has reached a new dimension of growth both in terms of its
revenue and also its internationalization and its market position.
Concretely, in the 2017 fiscal year SNP exceeded the EUR 100 million revenue
threshold for the first time, while the company's number of employees
increased from 712 to in excess of 1,300. New market potential was opened up
in 2017 through corporate acquisitions in Poland and South America.
Dr. Andreas Schneider-Neureither, Chairman of the Board of Directors and CEO
of SNP SE:
"SNP's prospects for the future and its market potential are excellent.
Today, we have a presence in all of the commercially relevant regional
markets. With our software portfolio, the core of our business model, we are
well on the way to becoming the global standard for data transformation. We
have everything that we need in order to enable our customers to benefit
from the opportunities of digitalization. After having declared growth to be
a strategic priority for a limited period of time - particularly in terms of
market presence and the development of manpower - in the second half of 2017
we began to adjust our software and sales strategy. We have expanded our
software portfolio and are aligning it even more strongly with the global
sales opportunities. We are thus establishing the basis for an improvement
in our profitability. The fourth quarter of 2017 was the strongest quarter
in the company's history in terms of revenue, with a significant increase in
software revenue. This shows that we are on the right track in order to
profitably maintain our strategic growth trend of the past few years on a
long-term basis."
The 2017 Fiscal Year in Detail:
For the 2017 fiscal year, SNP is reporting Group revenue of EUR 122.3
million, corresponding to a year-over-year increase of 51.6%. Aside from
acquisition-related revenue growth, decisive factors were the sustained very
good order situation as well as good capacity utilization given a
significantly higher order backlog.
The initial consolidations of the corporate acquisitions had a material
impact on revenue growth in the 2017 annual financial statements. Of the
total revenue increase of EUR 41.7 million, the acquired companies accounted
for EUR 35.0 million. Adjusted for this acquisition effect, organic revenue
growth was EUR 6.7 million, or approximately 8%.
On the segment side, the Professional Services business segment contributed
EUR 98.3 million (previous year: EUR 66.6 million) to revenue. Revenue of
EUR 24.0 million (previous year: EUR 14.0 million) came from the Software
division (incl. maintenance).
With regard to earnings, the 2017 fiscal year was shaped by extraordinary
factors and growth costs which resulted in an operating margin loss. In
addition, revenue from software licensing from SNP's in-house products fell
short of expectations.
Operating earnings (EBIT; non-IFRS, adjusted for exchange rate effects)
amounted to EUR 4.7 million (previous year: EUR 6.9 million). The EBIT
figure based on IFRS is EUR -0.5 million (previous year: EUR 6.9 million).
The EBIT margin (non-IFRS, adjusted for exchange rate effects) is thus 3.8%
(previous year: 8.5%); the EBIT margin (IFRS) is -0.4% (previous year:
8.5%).
Forecast for 2018
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 will be much stronger. Overall, the Management expects
Group revenue of between EUR 150 million and EUR 155 million in the 2018
fiscal year and an operating earnings margin (EBIT margin) in the
mid-single-digit percentage range.
The 2017 Annual Report published today can be downloaded from the SNP
website at
https://www.snpgroup.com/en/investor-relations/financial-publications/financial-reports/2018/.
*To improve the comparability of the company on the capital market, for the
first time SNP SE is also reporting non-IFRS performance indicators. These
adjusted performance indicators are not determined on the basis of IFRS
accounting standards and are therefore non-IFRS performance indicators. The
following expenses have not been included in our disclosures concerning
operating expenses (non-IFRS): acquisition-related expenses, incidental
acquisition costs, expenses associated with the change of legal form to
become a European stock corporation and expenses for share-based payment
transactions.
About SNP
SNP SE supports organizations in adapting their business models and using
new technologies. SNP software and services facilitate the implementation of
business or technical modifications to business applications.
CrystalBridge(R) and SNP Transformation Backbone(R) with SAP Landscape
Transformation are the world's leading software suite for data
transformations that automatically analyzes, implements and tracks changes
to IT systems. As a result, they offer clear qualitative advantages, while
significantly reducing the time and expense involved in transformation
projects. The SNP Group has over 1,350 employees worldwide.
Headquartered in Heidelberg, the company generated revenue of approximately
EUR 122 million in the 2017 fiscal year. SNP's customers are global
corporations from all industries. SNP 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).
Since 2017, the company has operated as a European stock corporation
(Societas Europaea/SE).
Further information is available at www.snpgroup.com
Investor Relations Contact:
Marcel Wiskow
Tel: +49 6221 6425-637
Fax: +49 6221 6425-470
Email: [email protected]
http://www.snpgroup.com/de/Investor-Relations/
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28.03.2018 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 SE
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: [email protected]
Internet: www.snpgroup.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange
End of News DGAP News Service
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