SNP Schneider-Neureither & Partner SE
- WKN: 720370
- ISIN: DE0007203705
- Land: Deutschland
Nachricht vom 29.03.2019 | 12:59
SNP Off to a Good Start in 2019
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Annual Results/Forecast
SNP | Corporate News
SNP Off to a Good Start in 2019
- Group revenue of EUR 131.0 million (up by 7% over the previous year)
- Operating earnings before depreciation and amortization (EBITDA) of EUR 2.3 million (previous year: EUR 3.3 million)
- Operating cash flow of EUR 3.3 million (up by EUR 10.8 million over the previous year)
- Earnings per share of EUR -0.26 (previous year: EUR -0.47)
- Group revenue expected to increase to between EUR 145 million and EUR 150 million
- Operating earnings margin (EBIT, IFRS) in the lower to mid-single-digit percentage range
- EBITDA margin (IFRS and non-IFRS) in the mid to upper-single-digit percentage range
"We achieved further growth in 2018 and were able to improve our earning power significantly in the second half of the year. At the same time, we took important steps to set the course for our company's further development in terms of both personnel resources and strategy. We were able to build on this in the first few months of this year. As a result, we can conclude that SNP is off to a good start in 2019," said Dr. Andreas Schneider-Neureither, Chairman of the Board of Directors and CEO of SNP SE.
Specifically, the SNP Group generated Group revenue of EUR 131.0 million in the 2018 fiscal year, up by 7% compared to the previous year. The acquisitions made during the course of the previous year, which were consolidated for a full year for the first time in 2018, are the main reason behind this trend. Operating earnings before depreciation and amortization (EBITDA) came to EUR 2.3 million in the 2018 fiscal year compared to EUR 3.3 million a year earlier. The drop in earnings can be traced back primarily to customers' slower technical implementation of major transformation projects in the area of SAP S/4HANA and the associated lower level of capacity utilization in the consulting segment, as well as to lower-than-anticipated software license sales with SNP's in-house products.
The 2018 fiscal year produced a net loss of EUR -1.6 million (previous year: EUR -2.7 million). Accordingly, diluted and basic earnings per share amounted to EUR -0.26 (previous year: EUR -0.47).
Improvement in operating cash flow
At EUR 3.3 million, the cash flow from operating activities improved by EUR 10.8 million in 2018 compared to the previous year. This marked increase was due in particular to positive working capital effects.
The cash flow from investing activities came to EUR -12.0 million in 2018 compared with EUR -34.0 in 2017. The cash outflow is due first and foremost to purchase price installments paid for companies acquired in the previous years.
The cash flow from financing activities of EUR 15.5 million is mainly due to the successful capital increase of EUR 17.0 million; the cash inflow in the previous year came to EUR 44.0 million.
At EUR -8.7 million, the free cash flow showed a considerable improvement compared to the previous year's figure of EUR -41.5 million. At 45.7% (2017: 39.1%), the equity ratio remains at a very solid level. Net debt was reduced by EUR 6.9 million compared with the previous year, to EUR 0.9 million.
Significant operational improvements in the second half of 2018
Compared with the first half of 2018, revenue was increased by EUR 0.8 million to EUR 65.9 million in the second half of 2018. The EBIT margin increased disproportionately strongly to 5.3%, compared with -9.2% in the first half of 2018. This improvement in earnings was driven mainly by measures to boost profitability and by the dissolution of purchase price liabilities.
"We improved our working capital and increased our liquidity and profitability considerably in the second half of the year. This regained financial stability provides us with a strong basis for growth, both this year and beyond," says Dr. Uwe Schwellbach, CFO of SNP SE.
Forecast for 2019
Based on improved capacity utilization compared with the previous year and increasing software revenue, SNP still expects Group revenue of between EUR 145 million and EUR 150 million in the 2019 fiscal year. Regarding the operating earnings margin (EBIT margin, IFRS), the company expects to achieve a value in the lower to mid-single-digit percentage range, as well as an EBITDA margin (IFRS and non-IFRS) in the mid to upper-single-digit percentage range. The SNP Group continues to adhere to the prioritized mid-term goal of structurally increasing and maintaining profitability.
"In view of our progress with our corporate structures and the corresponding increase in capacity for customers, the unchanged strong market and order situation, and our international sales and software strategy, we anticipate stable business development in the current fiscal year. We are convinced that SNP is on the right track and will continue on its expansion course," explained Dr. Andreas Schneider-Neureither.
The 2018 Annual Report, published today, can be downloaded from the SNP website at http://www.snpgroup.com/en/financial-publications
SNP SE supports organizations in adapting their business models and using new technologies. SNP software and services facilitate the implementation of business or technical modifications to business applications.
CrystalBridge(R) and SNP Transformation Backbone(R) with SAP Landscape Transformation are the world's leading software suite for data transformations that automatically analyzes, implements and tracks changes to IT systems. As a result, they offer clear qualitative advantages, while significantly reducing the time and expense involved in transformation projects. The SNP Group has over 1,350 employees worldwide.
Headquartered in Heidelberg, the company generated revenue of approximately EUR 131 million in the 2018 fiscal year. SNP's customers are global corporations from all industries. SNP was founded in 1994 and has been publicly traded since 2000. As of August 2014, the company is listed on the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705). Since 2017, the company has operated as a European stock corporation (Societas Europaea/SE).
Further information is available at www.snpgroup.com
Investor Relations Contact:
|Company:||SNP Schneider-Neureither & Partner SE|
|Dossenheimer Landstraße 100|
|Phone:||+49 6221 6425 637|
|Fax:||+49 6221 6425 470|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||793085|
|End of News||DGAP News Service|
SNP SE Signs Contract With World's Leading IT ...
SNP SE to initiate a multi-year share buyback ...
SNP SE First Half of 2019: Decline in Total Re ...
Michael Eberhardt and Frank Hohenadel Strength ...
SNP Schneider-Neureither & Partner SE
Interview im Fokus
HanseYachts: „Der ideale Zeitpunkt für den Kauf“
Die Übernahme des Katamaran-Herstellers Privilège bringt die HanseYachts AG dem Umsatzziel von 200 Mio. Euro einen bedeutenden Schritt näher. „Der Katamaran-Markt ist das derzeit am stärksten wachsende Segment im Yacht-Geschäft. Privilège ist weltweit in Preis und Qualität die Nummer eins“, so CEO Dr. Jens Gerhardt. Zudem sei der Deal ein wichtiger Faktor, um die EBITDA-Marge auf 10 bis 12 % zu steigern. Im Financial.de-Interview spricht der Konzernlenker über die aktuellsten Trends im Yacht-Geschäft, die laufende Barkapitalerhöhung sowie die Weltpremieren in Cannes.
Fonds Research 2019: S.E.A. Asian High Yield Bond bietet attraktive Investitionschance
Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter auch den S.E.A. Asian High Yield Bond (ISIN: LU1138637738), der eine gute Anlagechance anbietet mit einer Strategie, die kaum reproduzierbar ist. Insbesondere vor dem Hintergrund des anhaltenden Niedrigzinsniveaus sehen wir den Anleihefonds als äußerst attraktive Investitionschance, um nachhaltige und volatilitätsarme Renditen zu erzielen. Wir haben den S.E.A. Asian High Yield Bond mit 4 von 5 Falken eingestuft.
Der AKTIONÄR News
24. August 14:16 Amazon, Beyond Meat & Co: So geht es weiter
24. August 10:15 Top-Tipp Merck & Co vor Mehrjahreshoch: Das ist das Ass im Ärmel
24. August 07:45 ThyssenKrupp unter der Lupe – 5 Sparten und ihre Herausforderungen
24. August 07:25 Cancom: Top-Performer aus dem TecDAX
Second Quarter 2020 Earnings Conference Call
29. August 2019
Original-Research: ad pepper media International N.V. (von First Berlin Equity Research GmbH): Buy
23. August 2019