SNP Schneider-Neureither & Partner AG Foresees Continued Growth in 2024 Following a Record Year

SNP Schneider-Neureither & Partner SE (SNP), a prominent global software provider for digital transformations and data management in the SAP environment, reported a substantial growth in its financial results for the fiscal year 2023. The company disclosed a 17% increase in group revenue, reaching €203.4 million up from €173.0 million in 2022. This growth was notably fueled by the high-margin software business segment.

Furthermore, SNP observed an increase in EBIT to €11.1 million from €6.8 million the previous year, which represents a currency-adjusted increase of approximately €11 million compared to 2022. The company also highlighted a significant surge in order entries with partners, which grew by 51% to €98.0 million year over year, alongside a positive operating cash flow of €12.5 million, an improvement from the negative cash flow experienced in 2022.

Looking ahead to 2024, SNP is optimistic about its financial outlook, forecasting a revenue increase to between €215 million and €225 million, with an expected EBIT ranging from €13 million to €16 million. The company attributes its successful performance and positive outlook to its strategic and operational measures, positioning it for profitable growth in the coming years.

CEO Jens Amail credits the company’s success to the dedication of the team and the trust of customers and partners, highlighting the relevance of SNP's core capabilities in a dynamic business environment increasingly moving towards complex IT landscapes in the Cloud.