DGAP-News: SNP Schneider-Neureither&Partner AG: Group sales up by 20.8%, EBIT margin at 17.3%
(firmenpresse) - DGAP-News: SNP Schneider-Neureither&Partner AG / Key word(s):
Preliminary Results
SNP Schneider-Neureither&Partner AG: Group sales up by 20.8%, EBIT
margin at 17.3%
31.01.2012 / 08:56
---------------------------------------------------------------------
Corporate News
Group sales up by 20.8%, EBIT margin at 17.3%
Detailed preliminary figures for the fiscal year 2011
- Group sales up 20.8% on prior year
- Preliminary EBIT margin of 17.3% (18.3% without one-time effects)
- SNP T-Bone revenues up by around 100% to EUR 2.6 million
- Good start to fiscal year 2012 - outlook is positive
Heidelberg, 31 January, 2012 - SNP Schneider-Neureither&Partner AG (ISIN:
DE0007203705), a company listed in the General Standard at the Frankfurt
Stock Exchange, is today publishing its detailed preliminary figures for
the fiscal year 2011. As communicated in its ad-hoc announcement of
20.01.12, sales were strong and in line with its ambitious plans. However,
profits fell slightly short of expectations. This is reflected in its EBIT
margin, which has now been adjusted to 17.3% (originally announced at
15.5%).
In the fiscal year 2011 SNP AG generated group sales of EUR 26.7 million
(prior year: EUR 22.1 million). This represents an increase over the prior
year of 20.8%, with sales in 'Software-related-Services' (Consulting) up by
18.5% to EUR 19.2 million (prior year: EUR 16.2 million) and the 'Software'
up by 27.1% to EUR 7.5 million (prior year: EUR 5.9 million). Licence sales
within the business area 'Software' were up by 19.6% to EUR 5.5 million for
the reporting period (prior year: EUR 4.6 million), as were maintenance
revenues, which increased to EUR 2.0 million (prior year: EUR 1.4 million).
Revenues from the sale of SNP Transformation Backbone (R) (SNP T-Bone) saw
an increase of around 100% to EUR 2.6 million (prior year: EUR 1.3
million).
The guidance of 20% EBIT margin, as forecasted in the report for the 3rd
Quarter, 2011 was not fully attained. This was due to both the sale of
licences for SNP T-Bone being deferred to the fiscal year 2012 and delays
in the closing of deals in America. Contrary to the ad-hoc announcement of
20.01.12 mentioned above the EBIT margin for the reporting period was,
based on current data, not 15.5%, but rather 17,3% (18.3% without one-time
effects; prior year: 20.9%). In absolute terms EBIT was EUR 4.6 million
(prior year: EUR 4.6 million). The pressure on the year's result was also
due in part to the investments for the international expansion drive during
the reporting period and one-time effects connected with changes in the
Board. Group headcount increased to 185 employees as of 31.12.11.
As usual, the 4th Quarter 2011 was the best quarter of the fiscal year with
sales of EUR 7.6 million (prior year: EUR 6.8 million). Compared to a very
strong Q4 2010 this represents an increase of 11.8%. The business area
'Software' saw growth of approx. 9% on the prior year (from EUR 2.3 million
to EUR 2.5 million), while 'Software-related-Services' increased its
revenue by around 11% to EUR 5.0 million. Licence sales were EUR 1.9
million in the 4th Quarter of 2011, equalling the figures for the prior
year (prior year: EUR 1.9 million). EBIT in the 4th Quarter amounted to EUR
1.7 million (prior year: EUR 1.9 million) with the EBIT margin at 22.4%
(prior year: 28.1%).
'The considerable growth in sales in 2011, along with a 20% increase in the
volume of orders in the consulting business and an ever-increasing demand
for SNP T-Bone clearly demonstrate that the expansion strategy that we have
adopted is the right one', says Andrew Watson, CFO and COO of SNP AG. 'We
have already received orders which customers delayed in 2011 and we are
sure that in the current year both South Africa and America will also make
considerable contributions to sales and operating profit. That's why we
remain confident that in the fiscal year, 2012 we can attain more than 20%
growth in sales and expand our profitability margin.'
Publication of the complete annual report is planned for 30 March, 2012.
Heidelberg, 31 January, 2012
SNP Schneider-Neureither&Partner AG
The Executive Board
About SNP
SNP AG, with its headquarters in Heidelberg, is the leading supplier of
software und software-related services for the transformation of ERP
systems, resulting from the restructuring of companies or technical
innovation. SNP supplies the first standard software worldwide to adapt IT
landscapes (referred to as Business Landscape Transformation(R) with its
product SNP Transformation Backbone (R)
SNP AG was founded in Heidelberg in 1994 and currently employs 185 staff at
ten locations in Germany, Austria, Switzerland, USA and South Africa. SNP
has both national and international customers and can draw on the vast
experience it has gathered during 1,300 successful projects. In the fiscal
year 2011 SNP AG posted sales of EUR 26.7 million. The company is listed in
the General Standard at the Frankfurt Stock Exchange.
For further information: www.snp-ag.com
End of Corporate News
---------------------------------------------------------------------
31.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: SNP Schneider-Neureither&Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: 06221-6425-111
Fax: 06221-6425-20
E-mail: investor.relations(at)snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Hamburg, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
154547 31.01.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.01.2012 - 08:56 Uhr
Sprache: Deutsch
News-ID 109154
Anzahl Zeichen: 3589
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 235 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SNP Schneider-Neureither&Partner AG: Group sales up by 20.8%, EBIT margin at 17.3%"
steht unter der journalistisch-redaktionellen Verantwortung von
SNP Schneider-Neureither&Partner AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
