SNP reports strong full-year top line growth and significant improvements in earnings and cash flow

• In 2023, order entry increased to approx. EUR 266 million, and group revenue to around EUR 203 million.
  
  
• Operating results (EBIT) improved significantly by approx. EUR 4 million to around EUR 11 million; currency-adjusted, the increase would be approx. EUR 11 million versus 2022.
  
  
• Operating cash flow turned positive, totaling around EUR 12 million in 2023.

According to the preliminary and unaudited figures for the fiscal year 2023, the company expects order entry of around EUR 266 million for the full year, which will be around 10% higher than the mean value of the recently published order entry forecast (EUR 230 to EUR 250 million). Compared to the previous year, this reflects an increase of around 37% (order entry 2022: EUR 193.6 million).

Group revenue will be in line with the most recent forecast despite the significant negative effects of highly volatile exchange rates in Argentina. It will increase by around 17% to approx. EUR 203 million (revenue forecast: between EUR 200 and EUR 205 million, 2022: EUR 173.4 million).

The operating result (EBIT) is expected to be around EUR 11 million (forecast for EBIT: at the upper range of EUR 5 to 10 million or even slightly higher). This corresponds to an increase of around 60% or around EUR 4 million compared to the previous year (EBIT 2022: EUR 6.8 million); currency-adjusted, the increase would be around EUR 11 million versus 2022.

Operating cash flow improved significantly to around EUR 12 million due to the strong operational performance and enhanced cash management processes (2022: EUR -0.5 million).

Jens Amail, CEO of SNP, comments that “2023 was a successful year for SNP. More and more customers and partners put their trust in our solutions, and thanks to the incredible work of our global team we made strong operational progress in all critical areas. Global market leaders like E.ON, TE Connectivity and Würth decided to strategically partner with SNP. The software share of our business increased, our ecosystem is thriving and we show strong growth in our international markets. In addition, I am particularly pleased with the results we have achieved in earnings and operating cash flow, in spite of currency headwind and other one-off effects. Based on this foundation we will continue to execute our operational plan to address the high demand we see in the market, and we optimistically look into 2024 and beyond.”

The figures are based on preliminary and unaudited Group figures. The company will publish the audited annual financial statements and a forecast for the current fiscal year on March 27, 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.