Significant increase of revenue and earnings in the third quarter – Further raise of full-year guidance 2024

• 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.

Sobre SNP

SNP (ticker: SHF.DE) es el líder mundial en plataformas tecnológicas y socio de confianza para las empresas que buscan obtener una transformación de datos y agilidad empresarial sin precedentes. La plataforma Kyano de SNP reúne las funciones necesarias y las ofertas de nuestros socios para proporcionar una experiencia integral basada en software en la migración y gestión de datos. Junto con el enfoque BLUEFIELD, Kyano establece un estándar integral del sector para reestructurar y modernizar los entornos de TI centrados en SAP de forma más rápida y segura, aprovechando al mismo tiempo las innovaciones basadas en datos.

La empresa trabaja con unos 3.000 clientes de todos los tamaños y sectores en todo el mundo, entre ellos 20 del DAX 40 y 103 de la lista Fortune 500. El Grupo SNP emplea a unas 1.500 personas en todo el mundo, en más de 35 ubicaciones repartidas por 15 países. La empresa tiene su sede en Heidelberg, Alemania, y generó ingresos de 203.4 millones de euros en el año fiscal 2023.