28.10.2016
SNP Schneider-Neureither & Partner AG DE0007203705
DGAP-News: SNP AG Remains on Track for Growth
DGAP-News: SNP Schneider-Neureither & Partner AG / Key word(s): 9-month
figures
SNP AG Remains on Track for Growth
28.10.2016 / 08:10
The issuer is solely responsible for the content of this announcement.
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SNP | Corporate News
SNP AG Remains on Track for Growth
- Revenue in the first nine months of the 2016 fiscal year increased to
EUR 57.5 million (+39.1%)
- Significantly higher revenue in the America region
- Order entry (EUR 72.3 million) and order backlog (EUR 36.2 million)
well above the previous year's level
- EBITDA margin: 10.9%, EBIT margin: 9.0%
- Earnings per share: EUR 0.77 (previous year: EUR 0.63)
- Equity ratio increased to 62.5%
Heidelberg, October 28, 2016 - In the first nine months of the 2016 fiscal
year, SNP AG grew strongly again: Group revenue increased by 39.1% to EUR
57.5 million. Earnings before interest and taxes (EBIT) improved from EUR
3.8 million in the previous year by 36.7% to EUR 5.2 million. Net income
for the Group reached EUR 3.2 million after EUR 2.3 million in the previous
year. Earnings per share rose from EUR 0.63 to EUR 0.77.
"SNP is on track for both strong and sustainable growth. We are making
tremendous progress in implementing our strategy, which aims for growth and
increased market relevance. Scarcely any major transformation plan such as
a merger or split takes place today without SNP being involved in some
form. With our impressive performance in the splitting up of Hewlett-
Packard, we have positioned ourselves for additional major mandates. We are
playing a key role in the current merger of two global players in the
chemical industry. Our strategy is taking hold: We are the specialist for
complex IT tasks related to important transformation projects for worldwide
customers. The ability to respond quickly to changes in the competitive
environment is a key competency in today's global economy. Customers
increasingly recognize that the transformation of IT is decisive. This will
provide additional tailwind for our strategy," says Dr. Andreas Schneider-
Neureither, CEO of SNP AG.
Nine-Month Performance in Detail:
In the first nine months of the 2016 fiscal year, SNP AG achieved Group
revenue of EUR 57.5 million. Compared to the same period of the previous
year, this corresponds to a significant increase of EUR 16.2 million or
39.1% (previous year: EUR 41.4 million). Revenue in the third quarter of
2016 amounted to EUR 19.6 million (previous year: EUR 14.5 million), 35.3%
above the level of the same quarter of the previous year.
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. Viewed regionally, revenue in the North America
region rose particularly strongly in the third quarter. In the North
American market, revenue of EUR 4.9 million was generated in the third
quarter of 2016; compared to the same period of the previous year, this
corresponds to an increase of EUR 2.9 million or approximately 140%.
Hartung Consult and Astrums Consulting, which were fully consolidated for
the first time during the reporting period, contributed approximately 17%
of revenue growth in the first nine months of the fiscal year. As a result,
acquisition-adjusted, organic revenue growth relative to the first nine
months of 2015 totaled approximately 22%. In the third quarter of 2016,
organic revenue growth amounted to approximately 18%; the share of the
revenue increase attributable to the companies consolidated for the first
time was approximately 17%.
On the segment side, the Professional Services division, which primarily
includes consulting services, contributed EUR 48.0 million (previous year:
EUR 34.6 million) to revenue in the first nine months of the current fiscal
year. Compared to the previous year's period, this corresponds to an
increase of 38.8%. Adjusted for acquisitions, the remaining growth amounted
to approximately 19%.
In the first nine months of the year, revenue of EUR 9.5 million (previous
year: EUR 6.8 million) related to the Software division, which includes
licensing and maintenance fees. Within this segment, licensing fees
increased by 52.4% from the previous year. This was essentially
attributable to the sale of a Group license for the SNP Transformation
Backbone software as a result of a large order in the chemical sector in
the USA. Maintenance fees of EUR 1.6 million were slightly above the level
of the previous year.
The very good revenue development in the first nine months of the fiscal
year also influenced earnings: Despite even higher expenses related to
additional growth, SNP was able to maintain the positive earnings
performance here as well. Earnings before interest, taxes, depreciation and
amortization (EBITDA) increased to EUR 6.3 million (previous year: EUR 4.7
million). Earnings before interest and taxes (EBIT) amounted to EUR 5.2
million, compared to EUR 3.8 million in the previous year's period. This
corresponds to profit margins of 10.9% (EBITDA) or 9.0% (EBIT). At the
bottom line, net income for the period of EUR 3.2 million remained after
EUR 2.3 million in the previous year's period. This corresponds to a net
margin of 5.6% (previous year: 5.7%). Earnings per share amounted to EUR
0.77 (previous year: EUR 0.63). Earnings per share are related to the
weighted average number of shares. Calculation using all issued ordinary
shares (4,954,904 shares with dividend rights) results in earnings per
share of EUR 0.64 on a nine-month basis.
The financial position of the company remains positive: Cash and cash
equivalents as of September 30, 2016, amounted to EUR 36.0 million (as of
December 31, 2015: EUR 13.8 million). The cash inflow from financing
activities of EUR 22.2 million resulted primarily from positive cash flow
from financing activities of EUR 27.3 million (previous year: EUR 12.4
million), which in turn was primarily attributable to net proceeds from the
capital increase in 2016 of EUR 30.1 million.
Compared to December 31, 2015, total assets increased by EUR 34.3 million
to EUR 79.5 million, primarily reflecting the majority acquisitions of
Hartung Consult and Astrums Consulting as well as a capital increase. The
equity ratio improved to 62.5% (as of December 31, 2015: 35.4%).
Outlook:
The order backlog as of September 30, 2016, totaled EUR 36.2 million,
approximately 81% above the comparable amount in the previous year of EUR
20.0 million. On the same reporting date, order entry of EUR 72.3 million
was approximately 56% above the comparable amount in the previous year. For
the full year, the Executive Board continues to expect Group revenue
between EUR 72 million and EUR 78 million and plans on an operating
earnings margin between 8% and 10%.
The Q3 2016 report published today can be downloaded from the SNP website
at:
http://www.snp-ag.com/investor-relations/financial-publications/financial-
reports/2016/
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 about 650 people across Europe, South Africa, Asia and the
United States. Headquartered in Heidelberg, the company generated revenue
of approximately EUR 56 million in 2015. 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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28.10.2016 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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