Significant increase of revenue and earnings in the third quarter – Further raise of full-year guidance 2024
Heidelberg, Germany, October 16, 2024 – SNP, a leading global provider of software for digital transformation, automated data migration and data management in the SAP environment, recorded another outstanding business performance: According to preliminary figures, the company increased order entry by 24% to around € 75 million in the third quarter of 2024, compared to € 60.2 million in the same quarter of the previous year. Revenue rose by 24% to around € 67 million in the same period, compared to € 54.1 million in the third quarter of 2023. EBIT also improved significantly, rising from € 4.8 million in the previous year to approximately € 8 million, which corresponds to an EBIT margin of around 12% (previous year: 8.9%).
Your contact
Marcel Wiskow
Director Investor Relations
Phone: +49 6221 6425-637
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- Order entry increased by 24% to around € 75 million (Q3 2023: € 60.2 million)
- Revenue grew by 24% to approximately € 67 million (Q3 2023: € 54.1 million)
- Significant improvements in EBIT to around € 8 million (Q3 2023: € 4.8 million) – EBIT margin reached around 12%
On a nine-month view, order entry amounted to around € 210 million (9M 2023: € 169.6 million), revenue came to approximately € 183 million (9M 2023: € 149.6 million) and the EBIT increased significantly to around € 20 million (9M 2023: € 8.3 million).
Jens Amail, CEO of SNP, comments: ”After a record first half of the year, we are excited to report our best third quarter ever. We are humbled by the market response to our Kyano platform, and thankful that more and more customers and partners put their trust in SNP. We are making strong progress in all strategic focus areas – scaling through our ecosystem, growing our business in international markets, and enabling our clients to efficiently migrate to RISE with SAP. We are pleased with what we have achieved, look forward to a strong closing of the fiscal year and remain confident about the future.“
Based on the strong performance and the ongoing market momentum, the company has again increased its outlook for the full year 2024. The revenue forecast has been raised to a range between € 240 million and € 250 million (previous guidance: € 225 million to € 240 million). EBIT is expected to range between € 21 million and € 25 million (previous guidance: € 16 million to € 20 million). For its order entry, SNP still expects a book-to-bill ratio (order entry over sales revenue) greater than one.
SNP will publish the Interim Statement for Q3 2024 on November 7, 2024.
About SNP
SNP (ticker: SHF.DE) is the global technology platform leader and trusted partner for companies seeking unparalleled data-enabled transformation capabilities and business agility. SNP’s Kyano platform integrates all necessary capabilities and partner offerings to provide a comprehensive software-based experience in data migration and management. Combined with the BLUEFIELD approach, Kyano sets a comprehensive industry standard for restructuring and modernizing SAP-centric IT landscapes faster and more securely while harnessing data-driven innovations.
The company works with more than 3,000 customers of all sizes and in all industries worldwide, including 20 of the DAX 40 and 103 of the Fortune 500. The SNP Group has more than 1,500 employees worldwide at over 35 locations in 15 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of EUR 203,4 million in the 2023 fiscal year.
Your contact
Marcel Wiskow
Director Investor Relations
Phone: +49 6221 6425-637
