SNP announces best second quarter ever after record results in 2023 and strong start to the year

• Order entry up 45% to around €74 million; revenue up 28% to around €62 million compared to Q2 2023
  
  
• EBIT surged by approximately €7 million, from €1.0 million to around €8 million year-over-year
  
  
• Strong performance boosts 2024 guidance

In the second quarter of 2024, SNP recorded an impressive increase in order entry of 45%, reaching approximately € 74 million compared to € 51.0 million in Q2 2023. Revenue for the same period grew by 28%, amounting to around €62 million, up from € 48.5 million in Q2 2023. This notable increase in revenue and order entry is the result of SNP’s sustained efforts to expand its global market presence and enhance customer satisfaction. Furthermore, EBIT saw a significant improvement, rising to around €8 million from € 1.0 million year-over-year.

This strong performance has led the software company to raise the guidance for the year. Jens Amail, CEO of SNP, comments: “Thanks to the continued trust of our clients and partners we have an optimistic outlook for 2024 and beyond. Global market leaders like BMW, Microsoft and many others have made strategic decisions to count on us for their transformations. The entire SNP team is focused on ‘winnig together’ with our customers and our ecosystem. We are humbled by what we have achieved and remain committed delivering on our promises to our clients, partners, and shareholders.”

Based on a strong performance year-to-date and ongoing market momentum, SNP has decided to increase the guidance for 2024. The revenue forecast for the full year has been raised to a range between €225 million and €240 million (previous guidance: €215 million to €225 million). For the same period, EBIT is predicted between €16 million and €20 million (previous guidance: €13 million to €16 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 full Half-Year Financial Report 2024 on August 8, 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.