on SNP Schneider-Neureither & Partner AG (isin : DE0007203705)
SNP Reports Robust Growth in Third Quarter 2024
SNP Schneider-Neureither & Partner SE has reported strong growth for the third quarter of 2024. The company's order entry rose by 24% to €74.9 million compared to the previous year. Group revenue similarly increased by 24%, reaching €66.8 million. The EBIT margin improved to 12.2%, up from 8.9% in the same period last year.
The company attributed its success to the performance of the EXA segment, which saw revenue soar by 104%. Additionally, the software business outperformed the service sector, with revenue climbing by 27%. Such achievements follow significant operational progress and a solid cash position.
In light of these results, SNP has revised its annual revenue and EBIT forecasts upward, anticipating continued market momentum. The company remains optimistic about the fiscal year's outlook, especially with its expansion in the Middle East and advancements in cloud solutions.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SNP Schneider-Neureither & Partner AG news