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DGAP-News: SNP Schneider-Neureither & Partner SE
/ Key word(s): Half Year Results/Quarterly / Interim Statement
SNP | Corporate News SNP SE Confirms Provisional Figures for the Second Quarter of 2020 and its Forecast for the Total Year - Group revenue increases by around 17% in the first half of 2020 year-over-year to € 68.7 million - Revenue in the second quarter of 2020 is 14% higher than in the previous year, despite the COVID-19 pandemic - Order entry grows by 9% in the first six months of the year to € 92.8 million - Order backlog reaches € 102.7 million, a 44% increase on the previous year - Revenue and earnings forecast for 2020 confirmed Heidelberg, Germany, August 7, 2020 - SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a global leader in software for digital transformation processes, today published its report for the first half of 2020 in which it confirms the provisional figures which it had presented in mid-July 2020. Specifically, Group revenue increased by 16.6% in the first six months of the current fiscal year to € 68.7 million (H1 2019: € 58.9 million). In the second quarter of 2020, despite the impact of the coronavirus crisis revenue nonetheless registered a double-digit, 13.8% increase to € 34.3 million (Q2 2019: € 30.1 million) and was thus at the same level as in the first quarter of the year. In particular, this positive trend is attributable to the Software business segment, which achieved disproportionately strong growth in the first half of 2020, with a 28.8% increase in revenue to € 19.0 million (H1 2019: € 14.8 million). At the same time, in its Services business segment SNP registered turnover growth of 12.5% and reached a level of € 49.7 million (H1 2019: € 44.1 million). Accordingly, operating earnings (EBIT) improved to € -4.9 million, compared to € -5.9 million in the same period in the previous year. Earnings before tax (EBT) were at € -5.6 million likewise higher than in the previous year (H1 2019: € -6.4 million). "We are delighted that, despite the significant impact of the COVID-19 pandemic on the world economy, we are able to report a strong half-year result, with an improvement in all of our key figures. Our capacity to implement projects from more or less anywhere has proven to be a key advantage," says Dr. Andreas Schneider-Neureither, CEO of SNP SE. "The digitalization of companies and entire industries is progressing with a strong level of momentum in the current environment. Software will provide a key contribution to a successful transformation and bring about fundamental changes in the IT consulting market." With a 9% increase in its order entry volume in the first half of 2020 to € 92.8 million (H1 2019: € 85.1 million), SNP is strongly positioned for the future. Its Software business segment has once again registered the strongest growth rates. It has picked up by 19.7% and is now contributing 31% of the order entry figure (H1 2019: 29%). Order entry in the Services business segment increased by 5.1% to € 63.7 million (H1 2019: € 60.6 million). The order backlog amounted to € 102.7 million as of June 30, 2020, compared to € 71.2 million as of June 30, 2019. This represents an increase of approximately 44%. SNP SE confirms the outlook for the 2020 fiscal year that was published on April 29, 2020. Management continues to expect Group revenue between € 145 million and € 170 million as well as an EBIT margin in the mid-single-digit percentage range for 2020 as a whole. The 2020 Half-Year Financial Report, published today, can be downloaded from the SNP website at  About SNP SNP is one of the world's leading providers of software for the management of complex digital transformation processes. Unlike traditional IT consulting in an ERP environment, SNP employs an automated approach that uses proprietary software. With the data transformation platform CrystalBridge(R) and the SNP BLUEFIELD(TM) approach, IT landscapes can be restructured and modernized much faster and more securely, and data can be securely migrated to new systems or cloud environments. This provides customers and partners with clear qualitative benefits while also reducing their investment of time and expense. The SNP Group has around 1400 employees worldwide. Headquartered in Heidelberg, the company generated Group revenue of approximately € 145 million in the 2019 fiscal year. SNP's customers are global corporations from all industries. SNP was founded in 1994, has been publicly traded since 2000 and listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705) since August 2014, and was admitted to the SDAX(R) in March 2020. Since 2017, the company has operated as a European stock corporation (Societas Europaea/SE). Further information is available at Investor Relations Contact: Christoph Marx
07.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | SNP Schneider-Neureither & Partner SE |
| Dossenheimer Landstraße 100 | |
| 69121 Heidelberg | |
| Germany | |
| Phone: | 37, 72 |
| Fax: | 0 |
| E-mail: | |
| Internet: | |
| ISIN: | DE0007203705 |
| WKN: | 720370 |
| Indices: | SDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1112333 |
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| End of News | DGAP News Service |
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1112333Â Â 07.08.2020Â
