DGAP-News: SNP Schneider-Neureither&Partner AG: SNP announces preliminary figures for 2012
(firmenpresse) - DGAP-News: SNP Schneider-Neureither&Partner AG / Key word(s):
Preliminary Results/Preliminary Results
SNP Schneider-Neureither&Partner AG: SNP announces preliminary
figures for 2012
31.01.2013 / 08:00
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Corporate News
SNP announces preliminary figures for 2012
- Consolidated sales revenues up by roughly 2% year-on-year at EUR27.2
million (2011: EUR26.6 million)
- EBIT at EUR2.9 million (2011: EUR4.7 million)
- EBIT margin of 10.6% (2011: 17.5%)
- Transformation Backbone(R) revenues up by roughly 90% at EUR4.9 million
(previous year: EUR2.6 million).
- Backlog increases by roughly 12% to EUR9.6 million (previous year
EUR8.6 million)
Heidelberg, 31 January 2013 - As reported in the ad-hoc disclosure dated 31
December 2012, SNP Schneider-Neureither&Partner AG (General Standard,
ISIN DE0007203705) did not fulfil its ambitious expectations for its
business performance in the 2012 financial year. As became apparent at the
end of the past year, incoming orders and project start dates for several
orders were postponed, meaning that it was no longer possible to achieve
the originally forecast revenue growth and EBIT figures. Nonetheless, the
preliminary figures for the 2012 reporting period published today reflect
the initial success in establishing the new sales strategy and demonstrate
the Group's continued strong profitability at the current level.
SNP AG reported total consolidated sales revenues of EUR27.2 million in the
2012 financial year (previous year: EUR26.6 million). This corresponds to a
year-on-year increase of approximately 2%. Revenues in the Software-related
services segment climbed by around 5% to EUR20.2 million (previous year:
EUR19.1 million). In the Software segment, revenues were increasingly
generated independently owing to the expiry of the distribution partnership
with SAP AG in Q3 2012. Although the segment's revenues saw a slight
year-on-year decline of just under 9% to approximately EUR7.0 million
(previous year: EUR7.5 million), this chiefly related to the maintenance
sales allocated to this segment, which fell by around 20% in the reporting
period to EUR1.6 million (previous year: EUR2.1 million) as a result of the
expired sales cooperation. In contrast, licence revenues decreased only
slightly by around 2% to EUR5.3 million (previous year: EUR5.4 million).
Continued strong growth was posted by sales of SNP Transformation
Backbone(R). Revenues generated with this core product rose by around 90%
year-on-year to EUR4.9 million (previous year: EUR2.6 million), accounting
for 71% of total software revenues (previous year: 34%), thus confirming
the Executive Board's strategy.
The postponement of the conclusion of high-margin, large-volume software
licence opportunities until the financial year 2013, as well as higher
expenses for staff increases and an intensification of marketing and sales
activities, is also reflected in the EBIT margin generated in the past
financial year. The EBIT margin declined from 17.5% in the previous year to
10.6%. In absolute terms, EBIT stood at EUR2.9 million in the reporting
period (previous year: EUR4.7 million).
With revenues of EUR6.3 million (previous year: EUR7.6 million), the fourth
quarter that is traditionally SNP AG's strongest fell considerably short of
expectations, marking a year-on-year decline of approximately 17%. Revenues
in the Software-related services segment were down only slightly at EUR4.9
million (previous year: EUR5.1 million). However, due to the mentioned
postponements, the decrease in the Software segment was more substantial.
Revenues in this segment fell from EUR2.5 million in the previous year to
EUR1.3 million in the fourth quarter of 2012, with licence revenues
amounting to EUR1.2 million (previous year: EUR1.9 million) and maintenance
revenues at EUR0.1 million (previous year: EUR0.6 million). EBIT in the
fourth quarter totalled EUR0.2 million (previous year: EUR1.7 million) and
the EBIT margin came to roughly 2% (previous year: 23.3%).
Entering 2013, SNP remains very strongly positioned on the market for ERP
system transformations. For instance, the order backlog of EUR9.6 million
as at 31 December 2012 shows an increase of roughly 12% (EUR1 million) and
thus was significantly higher than the previous year's figure of EUR8.6
million. Whereas the consulting business in the Software-related services
segment represents a solid basis for the company's development with stable
revenue and earnings contributions, especially the conclusion of
large-volume licence agreements for use of the Transformation Backbone(R)
software opens up significant earnings potential in the Software segment;
this potential is to be leveraged even more systematically in the future.
SNP AG notices increasing interest from customers and partners for this
solution. The Executive Board currently anticipates a significant increase
in revenues and the EBIT margin in the 2013 financial year. A more specific
guidance regarding the revenue and earnings development will be published
together with the annual report.
The complete annual report will be published on 28 March 2013 and will be
available for inspection on the company's website at www.snp-ag.com under
Investor Relations/Financial Reports.
Heidelberg, 31 January 2013
SNP Schneider-Neureither&Partner AG
The Executive Board
About SNP
SNP AG increases the speed with which companies can implement changes, and
supports them in adapting their IT landscape more quickly and economically
to changing market conditions. With its SNP Transformation Backbone(R), the
software company has developed the world's first standard software solution
for automated analysis and standardized implementation of changes in IT
systems. The transformation platform is based on the experience of the more
than 1,500 projects it has completed worldwide. The company, founded in
1994, gained this experience with its software-related services for
Business Landscape Transformation(R).
In 2011, more than 200 employees in Europe, South Africa and the USA
generated revenue of EUR26.6 million. SNP AG, whose headquarters are in
Heidelberg, went public in 2000 and has been listed in the General Standard
of the Frankfurt Stock Exchange since 2003.
Contact for Investor Relations:
SNP Investor Relations
Stefan Tobias Burkhardt
Telephone: +49 6221 6425-637
Fax: +49 6221 6425-20
Email: investor.relations(at)snp-ag.com
(c) Copyright SNP AG, 2013. All rights reserved.
All other products mentioned in this document are registered or
unregistered trademarks of their respective companies
End of Corporate News
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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
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