• Order entry rose by 17% to €310.6 million (2023: €266.1 million)
• Group revenue increased by 25% to €254.8 million (2023: €203.4 million)
• EBIT improved significantly by 157% to €28.6 million (2023: €11.1 million); EBIT margin climbed to 11.2% (2023: 5.5%)
• Outlook for 2025: Revenue growth to €270–280 million and EBIT increase to €30–34 million

Jens Amail, CEO of SNP, comments about the 2024 financial year: “The fantastic work of our global team and the continued trust of our customers and partners led to a significant improvement of our operational performance and new record levels in all key financial indicators. We also made huge progress across all our strategic focus areas: We achieved over-proportional growth in our software business, expanded our international presence, evolved our vision and elevated the collaboration with our ecosystem to a new level. Thanks to the significant operational advancement and the stability we have gained, SNP is in the strongest phase of its 30-year history. Building on this foundation, we see our partnership with Carlyle as a logical and necessary step to enter the next chapter of SNP’s growth story – for the benefit of our customers and partners as well as all colleagues at SNP.”

In the partner business, SNP recorded amplified growth with an increase in order entry of 46% to €142.9 million (2023: €98.0 million). At the same time, partner revenues rose by 51% to €96.3 million (2023: €63.8 million). The service business recorded an 8% increase in order entry to €203.9 million and a 23% increase in revenues to €165.3 million. The software business grew even more strongly, with order entry up 37% at €106.7 million and revenue of €89.4 million (+29% compared to 2023). The share of software revenue in total revenue thus rose to 35% (2023: 34%).

Andreas Röderer, CFO of SNP, comments: “Our strong performance is based on several factors: We are recording an increase in order entry across all segments and regions, our partner business is developing at a high dynamic pace and our internationalization is progressing. Operating cash flow has developed excellently due to the improvements in earnings and in working capital management. We are confident that we will be able to further increase revenue and earnings in the current financial year.”

Selected recent business highlights:

• Investment agreement with Carlyle: SNP and the global investment firm Carlyle entered into a strategic partnership to support SNP's long-term As part of this, Carlyle made a voluntary public takeover offer for all outstanding shares. The additional acceptance period ended on March 26, 2025, at 24:00 hours (Frankfurt am Main local time). Information about the offer is published on the following website: www.succession-offer.com
• Expansion of partnership with SAP: Both companies are strengthening their partnership in the field of transformations to RISE with SAP and are exploring the potential collaboration in the space of data management in SAP S/4HANA Public Cloud.
• Pfizer successfully migrates to SAP S/4HANA – with IBM and SNP: IBM Rapid Move with the SNP BLUEFIELD approach enables global SAP S/4HANA transformation on time and on budget.

Key figures

The following table summarizes the development of important company key figures in 2024:

Outlook 2025

SNP expects a positive business performance for the 2025 financial year, assuming continued positive industry development and a strong market position. On this basis, the company expects revenue growth to €270 million to €280 million (2024 revenue: €254.8 million). At the same time, the operating result (EBIT) is expected to be in the range of €30 million to €34 million (EBIT 2024: €28.8 million). A book-to-bill ratio (order intake/revenue) greater than one continues to be expected for order entry.

The full 2024 Annual Report is available on our website at https://investor-relations.snpgroup.com/en/publications.

Investor and analyst call

The investor and analyst call will take place on March 27, 2025 at 2 p.m. CET. Interested investors and analysts can register via the following link: https://www.appairtime.com/event/756640ec-e653-4afb-98b6-c0e8022abd3e.

As usual, a recording of the conference call will be made available one day later on SNP’s website at https://investor-relations.snpgroup.com/en/publications.

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.