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SNP SCHNEIDER-NEUREITHER & PARTNER SE

(SHF)
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PRESS RELEASE : SNP SE increases revenue and profitability in the first half of the year

08/10/2021 | 01:32am EDT
DGAP-News: SNP Schneider-Neureither & Partner SE / Key word(s): Half Year Results 
SNP SE increases revenue and profitability in the first half of the year 
2021-08-10 / 07:31 
The issuer is solely responsible for the content of this announcement. 
----------------------------------------------------------------------------------------------------------------------- 
SNP SE increases revenue and profitability in the first half of the year 
- Consolidated revenue increase to 75.2 million euros (+10.2%) 
- Software segment strongest revenue driver with +24.3%, Service: +4.8% 
- EBIT improves to -1.1 million euros (H1 2020: -4.7 million euros) 
- Order intake in Software segment +12.0%, Service segment declines (-6.7%) 
- Order backlog increases by around 30% as of June 30 
- Revenue and EBITDA expectations for 2021 raised after taking into account effects from company acquisitions and 
disposals 
Heidelberg, 10. August 2021: SNP Schneider-Neureither & Partner SE, (ISIN: DE0007203705), a world-leading provider of 
solutions for digital transformation processes and software-based data migrations, today published its report for the 
first half of 2021. According to this report, consolidated revenues increased by 10.2% year-on-year to ?75.2 million 
(H1 2020: ?68.7 million). With a 24.3% increase in revenue to ?23.6 million, the Software segment proved to be the 
strongest growth driver (previous year's revenue: ?19.0 million) and currently already accounts for around one third of 
consolidated revenue. In the Service segment, rising consultant utilization contributed to a 4.8% increase in revenue 
to 52.1 million euros (H1 2020: 49.7 million euros). In addition, the acquisition of EXA AG in February of the current 
year had a positive impact. The operating result (EBIT) for the Group improved to -1.1 million euros in the same period 
(H1 2020: -4.7 million euros). This was due to both increased revenue and a more efficient cost structure. In addition, 
the acquisition of EXA AG in February 2021 had a positive impact on the development of revenue and earnings. 
Accordingly, the result for the period improved to -2.1 million euros in the first half of the year, compared to -4.2 
million euros in the same period of the previous year. 
"After an initially subdued start to the year, we gained noticeable momentum in the second quarter and are pleased with 
an overall satisfactory first half-year. In particular, the development of our Software segment shows that we are on 
the right track with our strategy," says Michael Eberhardt, CEO of SNP SE. "The recent acquisition of Datavard AG will 
further strengthen us. We have therefore raised our Group revenue and earnings expectations for the current year." 
In terms of order entry, the software segment also grew disproportionately with an increase of 12.0% to ?32.7 million 
in the first half of 2021 (H1 2020: ?29.2 million) and thus already contributes 35.6% to Group-wide incoming orders (H1 
2020: 31.4%). By contrast, order entry in the Service segment declined by -6.7% to ?59.2 million (H1 2020: ?63.7 
million) due to restrained order placement with regard to major projects. The USA and UK regions in particular fell 
short of expectations, while significant growth was achieved in JAPAC and Eastern Europe. Overall, order intake in the 
Group fell slightly by -1.0% to 91.9 million euros (H1 2020: 92.8 million euros). 
The order backlog reached a value of 132.8 million euros at the end of the first half of 2021 and was thus around 30% 
higher than in the same period of 2020 (June 30, 2020: 102.7 million euros). 
The number of employees increased to 1,576 as of June 30, 2021 (December 31, 2020: 1,463), mainly due to the 
acquisition of EXA AG in February 2021. 
Forecast updated 
With the 2020 Annual Report, SNP published its Group forecast for fiscal year 2021, but explicitly without any effects 
from planned M&A activities, which were difficult to calculate at the time. Now that the sales and earnings effects 
from the various M&A activities (acquisition of EXA AG and Datavard AG, sale of the Polish subsidiary) have become more 
visible, SNP has updated its sales and earnings forecast for the current fiscal year: according to this, management 
expects updated consolidated sales of between 170 million euros and 190 million euros (previously without M&A 
activities: 160 million euros to 180 million euros). 
The expectation for the EBIT margin remains unchanged at 5% to 8%. This applies before effects from the purchase price 
allocation of Datavard AG, as these cannot be reliably determined at the present time. Immediately after the effects 
from the purchase price allocation have been calculated, the company will adjust and publish the EBIT margin forecast. 
In order to better assess and evaluate the current development of earnings, management is establishing EBITDA as an 
additional Group-wide control and forecast parameter during the year. Taking into account the two completed 
acquisitions (EXA AG and Datavard AG) and the planned sale of the Polish subsidiary, management expects EBITDA for the 
current financial year to be between EUR 18 million and EUR 24 million; excluding the M&A activities, the EBITDA 
forecast would be between EUR 16 million and EUR 22 million. 
Key Figures: 
Revenue 
in m?          2021 2020  ? 
H1             75.7 68.7 +10% 
Service        52.1 49.7 +5% 
Software       23.6 19.0 +24% 
Q2             42.6 34.3 +24% 
Service        28.7 24.4 +18% 
Software       13.9 9.9  +40% 
 

Order Entry and Order Backlog:

in m?          H1 2021 H1 2020  ? 
Order Entry     91.9    92.8   -1% 
Service         59.2    63.7   -7% 
Software        32.7    29.4   +11% 
Order Backlog   132.8   102.7  +29% 
Service         76.6    59.1   +30% 
Software        56.3    43.6   +29% 
 
in m?          Q2 2021 Q2 2020  ? 
Order Entry     39.4    45.2   -13% 
Service         28.7    32.7   -12% 
Software        10.7    12.5   -14% Further details are available in the full interim report published under: https://www.snpgroup.com/en/financial-publications 

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 revenues of around ? 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:

Nicole Huber Executive Vice President Corporate Development Telefon: +49 6221 6425-920 E-Mail: nicole.huber@snpgroup.com

Christoph Marx Global Head of lnvestor Relations Telefon: +49 6221 6425-172 E-Mail: christoph.marx@snpgroup.com -----------------------------------------------------------------------------------------------------------------------

2021-08-10 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      SNP Schneider-Neureither & Partner SE 
              Speyerer Str. 4 
              69115 Heidelberg 
              Germany 
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:  1225173 
 
End of News   DGAP News Service 
------------- 

1225173 2021-08-10

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1225173&application_name=news

(END) Dow Jones Newswires

August 10, 2021 01:31 ET (05:31 GMT)

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Financials
Sales 2021 173 M 201 M 201 M
Net income 2021 7,51 M 8,71 M 8,71 M
Net Debt 2021 41,9 M 48,6 M 48,6 M
P/E ratio 2021 45,0x
Yield 2021 0,12%
Capitalization 341 M 395 M 395 M
EV / Sales 2021 2,21x
EV / Sales 2022 1,85x
Nbr of Employees 1 576
Free-Float 58,3%
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Number of Analysts 3
Last Close Price 48,00 €
Average target price 70,33 €
Spread / Average Target 46,5%
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Managers and Directors
Michael Eberhardt Chief Executive & Operating Officer
Heiner Diefenbach Chief Financial Officer
Claus E. Heinrich Chairman
Herbert Schuster Chief Information Officer
Steele Arbeeny Chief Technology Officer
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