29.07.2016
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP Schneider-Neureither & Partner AG:
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s): Half Year
Results
SNP Schneider-Neureither & Partner AG:
29.07.2016 / 08:15
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
SNP AG: Half-Year Figures Confirm Operating and Strategic Success
- Revenue rises to EUR 37.9 million (+41.1%) in the first half of 2016
- EBITDA margin: 10.8% (+0.8 percentage points)
- EBIT margin: 9.0% (+1.2 percentage points)
- Earnings per share: EUR 0.58 (previous year: EUR 0.34)
- Order backlog as of June 30, 2016: EUR 29.3 million (+61%)
- Revenue and earnings forecast for 2016 confirmed
Heidelberg, July 29, 2016 - In the first half of fiscal year 2016, the SNP
Group continued its successful course unabated. The company significantly
increased all relevant performance indicators. At the same time, SNP
further expanded its position among competitors in addition to its global
presence on key markets.
After the end of the first half of the year, consolidated revenue rose by
41.1% to EUR 37.9 million year-on-year. In the same period, EBIT increased
by EUR 1.3 million from EUR 2.1 million to EUR 3.4 million. At the same
time, the company secured a considerable number of contracts. After the end
of the first half of the year, the order backlog was EUR 29.3 million, up
around 61% year-on-year. Halfway through the year, incoming orders were up
approximately 57% year-on-year at EUR 46.1 million.
"SNP is growing strongly and dynamically. But one thing is particularly
important for us: The quality of our growth has reached a whole new level.
From a strategic point of view, this was particularly important for us and
we are pleased that we have achieved this goal. This is a significant
milestone. SNP has become an IT service provider that is represented on
nearly all relevant global markets and that implements sophisticated and
complex transformation projects on an international, national, and regional
level," said Dr. Andreas Schneider-Neureither, CEO and majority shareholder
of SNP AG. "When major transactions that are relevant to IT transformation
take place around the world today, SNP is one of the players involved in
strategic considerations," added Schneider-Neureither.
The Executive Board continues to anticipate consolidated revenue between
EUR 72 million and EUR 78 million and an EBIT margin between 8% and 10% for
the year as a whole. SNP's even greater success on the markets, good order
situation, and revenue and earnings performance in the first half of the
year confirm the forecast for the current fiscal year.
Half-year performance in detail:
In the first half of fiscal year 2016, SNP AG generated consolidated
revenue of EUR 37.9 million, a substantial increase of EUR 11.1 million or
41.1% on the previous year's level. The excellent capacity utilization with
a clear increase in the order backlog made a significant contribution to
this revenue development. Revenue amounted to EUR 19.4 million in the
second quarter of 2016 (previous year: EUR 14.7 million) and thus increased
by 32.4% compared to the strong quarter of the previous year.
After the first six months of the fiscal year, Hartung Consult and Astrums
Consulting, both included in consolidation for the first time in the
reporting period, contributed around 19% to this revenue growth. After
adjustment for acquisitions, organic revenue growth therefore amounted to
around 22% as against the first half of 2015. Organic revenue growth was
roughly 15% in the second quarter.
In terms of segment performance, the Professional Services segment, which
provides consulting services in particular, generated revenue of EUR 32.1
million in the first six months of the current fiscal year (previous year:
EUR 22.4 million). This represents an increase of 43.2% as against the same
period of the previous year. Adjusted for acquisitions, growth was still
around 17%.
The Software segment (including maintenance) accounted for revenue of EUR
5.8 million in the first six months of the fiscal year (previous year: EUR
4.5 million). This corresponds to an increase of 31.0% as against the first
half of 2015. Within this segment, license revenue increased by 43.9%
compared to the first half of the previous year. This is essentially due to
the sale of a group license for the SNP Transformation Backbone software.
The excellent revenue performance in the first half of the year was also
reflected in earnings: Despite the not inconsiderable investments in
further growth, the positive trend in the result of operations continued
and EBITDA climbed to EUR 4.1 million (previous year: EUR 2.7 million).
EBIT amounted to EUR 3.4 million as against EUR 2.1 million in the same
period of the previous year. This corresponds to profit margins of 10.8%
(EBITDA) and 9.0% (EBIT).
After the end of the first half of the year, net profit of EUR 2.2 million
remained after EUR 1.3 million in the same period of the previous year.
This corresponds to a net margin of 5.8% (previous year: 4.7%). As a
result, earnings per share increased to EUR 0.58 (previous year: EUR 0.34).
The Q2 2016 report published today can be viewed on SNP's website at:
http://www.snp-ag.com/eng/Investor-Relations/Financial-Publications/
Financial-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 650 employees in Europe, South Africa, Asia and the US. The
company is headquartered in Heidelberg and generated around EUR 56 million
in revenue 2015. 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).
Further information can be found at: www.snp-ag.com
Contact Investor Relations:
Marcel Wiskow
Phone: +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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29.07.2016 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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