DGAP-News: SNP SE Announces Provisional Financial Figures for the 2018 Fiscal Year

SNP | Corporate News

SNP SE Announces Provisional Financial Figures for the 2018 Fiscal Year

- Group revenue: approximately EUR 131 million (previous year: EUR 122.3 million)

- EBITDA (IFRS): approximately EUR 2.8 million (previous year: EUR 3.3 million)

- Significant operational improvements in the second half of 2018

- Further growth planned in 2019: SNP expects Group revenue of approximately EUR 145 to 150 million

Heidelberg, Germany, January 31, 2019 - SNP Schneider-Neureither & Partner SE advanced its strategic development in the 2018 fiscal year. In order to participate in the emerging wave of digitalization in companies worldwide, the company has invested in growth and taken important steps to integrate companies acquired in previous years into SNP SE. At the same time, amid slower customer implementation of transformation projects, measures were implemented to increase operational capacity and secure profitability on a sustainable basis. These had already produced noticeable effects by the second half of 2018.

According to preliminary calculations, which have not yet been audited, Group revenue for 2018 as a whole increased by around 7% from EUR 122.3 million in the previous year to approximately EUR 131 million. Over the full year, there was a positive operating result (EBITDA) in accordance with IFRS of approximately EUR 2.8 million (previous year: EUR 3.3 million). The EBIT margin (IFRS) in the same period was approximately -1.5% (previous year: -0.4%).

Particularly detrimental was an organic revenue decline in Germany and the USA of around 5% over the full year. This can be traced primarily to customers' slower technical implementation of major transformation projects in the area of SAP S/4HANA. The resulting deferment of projects as well as pilot and partial commissions led to a temporarily lower level utilization of Professional Services and less-than-expected software license revenue from SNP in-house products.

Though revised expectations for revenue growth were not completely met during the reporting year, operating results (EBIT) during the second half of 2018 increased considerably, due among other things to cost optimizations of a total of around EUR 10 million compared with operating results for the first half of 2018. Furthermore, financial flexibility was raised through a fully placed capital increase of approximately EUR 18.7 million in gross issuing proceeds in the fourth quarter of 2018. In addition, measures were taken to increase liquidity. Moreover, the number of employees worldwide declined to 1,286 (June 30, 2018: 1,350).

Order entry came to EUR 132.3 million in the 2018 fiscal year (previous year: EUR 130.7 million), with the order backlog at approximately EUR 56 million (previous year: EUR 61.3 million) on December 31, 2018.

In view of its progress with corporate structures and the corresponding increase in capacity for customers, the unchanged strong market and order situation, and its international sales and software strategy, SNP anticipates further growth in the current fiscal year and expects Group revenue of approximately EUR 145 to 150 million for 2019 as a whole.

The company will publish the audited consolidated financial statements and an earnings forecast for the current fiscal year on March 29, 2019.

About SNP

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 Transformation Backbone^(R) together with SAP^(R) LT 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 around 1,300 employees worldwide.

Headquartered in Heidelberg, the company generated provisional 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:

Marcel Wiskow
Tel: +49 6221 6425-637
Fax: +49 6221 6425-20
Email: investor.relations@snpgroup.com
https://www.snpgroup.com/en/investor-relations/