SNP SCHNEIDER-NEUREITHER & PARTNER AG (FRA:SHF) Preliminary Figures Confirm SNP SE's Growth Path: Growth in Order Entry, Revenue and Profitability in 2021 Fiscal Year

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14/01/2022 18:35

DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Preliminary Results
Preliminary Figures Confirm SNP SE's Growth Path: Growth in Order Entry, Revenue and Profitability in 2021 Fiscal Year

14.01.2022 / 18:35
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Corporate News

Preliminary Figures Confirm SNP SE's Growth Path: Growth in Order Entry, Revenue and Profitability in 2021 Fiscal Year

- Preliminary Group revenues in 2021 increases to around EUR 166 million (2020: EUR 143.8 million)

- Operating profit margin (EBIT margin) doubles to around 3% (2020: 1.3%)

- Order entry increases to around EUR 192 million (2020: EUR 184.4 million)

- Partner business and end customer software business grow strongly

- SNP expects significant revenue growth and very strong increase in profitability in 2022

Heidelberg, January 14 ,2022 - SNP SE (ISIN: DE0007203705) can look back on a successful and profitable fiscal year 2021, despite not achieving the ambitious targets it set itself for the year. According to preliminary calculations that have not yet been audited, total revenue increased by more than 15% from EUR 143.8 million in the previous year to around EUR 166 million. Despite special effects, the operating profit margin (EBIT) improved significantly to around 3% (previous year: 1.3%). Order entry increased to around EUR 192 million in the 2021 fiscal year (previous year: EUR 184.4 million).

"Our growth in 2021 shows that we are on the right path. Our sales and partner strategy is taking effect, demand for our innovative data transformation solutions is still strong, and customer satisfaction with our software and services remains very high. Nevertheless, we have to state that various effects have impacted our order entry, revenue and earnings," says Michael Eberhardt, CEO of SNP SE.

Special effects in the fiscal year
The earnings (EBIT) for the fiscal year were impacted by the following effects:

- Not least due to the pandemic, large customers have been behaving more cautiously and gradually investing or postponing their investments.

- In the second half of 2021, SNP started to conclude new contracts with partner companies exclusively without software quotas firmly agreed in advance. As a result, the order entry and revenue from these transactions no longer apply when the contract is concluded with the partner, but only when the sale is made to the end customer. Adjusted for this effect, the 2021 software revenue grew by around 22% year on year.[1] Following the establishment and expansion of a broad and globally oriented partner network, this adjustment to the partner licensing model is a consistent further development for SNP's software and partner strategy and for generating recurring revenues.

- Special costs for the M&A activities of the fiscal year and exceptional legal matters, as well as acquisition-related depreciation and amortization, impacted EBIT by around EUR 5 million.

Further developing the software strategy
The acquisitions of Datavard and EXA strengthen SNP's software strategy. In addition to the technological expansion of the SNP data transformation platform CrystalBridge, SNP is expanding into the attractive markets of data management and data analytics. This means that SNP can support its customers in their digital transformation, especially to the cloud, more sustainably and comprehensively.

For the 2022 fiscal year, the company expects significant revenue growth and a very strong increase in EBITDA, EBIT and EBIT margin, assuming there is renewed willingness to invest worldwide.

Planned publication of the Annual Report 2021
SNP will publish its Annual Report 2021 on March 30, 2022. The report will then be available for download on the SNP website at: https://www.snpgroup.com/en/financial-publications

[1] The software revenue in 2020, adjusted by EUR 11.3 million, was around EUR 39 million, while the comparable figure in 2021, adjusted by EUR 4.4 million, is between EUR 47 million and EUR 48 million. This corresponds to an increase of at least 22%.

About SNP
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.

The SNP Group has around 1,600 employees worldwide. The company is headquartered in Heidelberg, Germany, and generated revenue of around EUR 144 million in the 2020 fiscal year. It serves multinational companies in all industries. SNP was established in 1994, went public in 2000, and has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since August 2014 (ISIN DE0007203705). Since 2017, the company has been trading as a European company (Societas Europaea/SE).

More information is available at www.snpgroup.com

Contact person at SNP:

Marcel Wiskow
Director Investor Relations
Tel.: +49 6221 6425-637
E-mail: marcel.wiskow@snpgroup.com

14.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SNP Schneider-Neureither & Partner SE
Speyerer Str. 4
69115 Heidelberg
Phone: +49 6221 6425 637, +49 6221 6425 172
Fax: +49 6221 6425 20
E-mail: investor.relations@snpgroup.com
Internet: www.snpgroup.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1269132

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1269132  14.01.2022