DGAP-News: SNP AG mit starkem Schlussspurt im 4. Quartal

DGAP-News: SNP Schneider-Neureither&Partner AG / Schlagwort(e):
Vorläufiges Ergebnis
SNP AG mit starkem Schlussspurt im 4. Quartal

31.01.2011 / 08:00

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Press Release

SNP AG Posts Strong Fourth Quarter

– Group revenue increases by 9%

– EBIT-Margin at 20%

– Accelerated growth expected for 2011

Heidelberg, January 31, 2011 – SNP Schneider-Neureither&Partner AG (SNP)
today published its preliminary figures for financial year 2010. Group
revenue improved by 9% to EUR22.0 million (2009: EUR20.2 million). Whereas
Consulting revenues remained at last year–s level with EUR16.0 million
(2009: EUR16.0 million), Software posted a strong increase with 43% to
EUR6.0 million (2009: EUR4.2 million): Licence revenues grew by 39% to 4.6
million (2009: EUR3.3 million), Service revenues increased by 56% to EUR1.4
million (2009: EUR0.9 million).

Due to investments in sales&marketing efforts for the new SNP
Transformation Backbone(R) (SNP T-Bone) software, as well as the large
number of new employees, the operational result (EBIT) came in below that
for 2009 with EUR4.5 million compared to EUR4.7 million. Despite these
large investments for the future, the EBIT margin came in at 20.0%, as
compared to 23.4% for last year.

The final quarter, with revenues of EUR6.8 million, once more had a great
impact on overall results for the year. Revenues were 25% above those
posted for the same period last year and 20% above those for Q3 2010. The
EBIT in the fourth quarter increased by 21% to EUR1.8 million (Q4 2009:
EUR1.1 million). The near doubling of software revenues compared to last
year from EUR1.1 million to EUR2.0 million contributed substantially to the
increase in the operational result for the year.

Petra Neureither, CFO for SNP AG, stated, –Although we did not reach all
the objectives we set ourselves for 2010 for the full 100%, we are
nevertheless satisfied with our progress and results for the financial
year. Important for us was the positive response from our customers and
business partners to SNP T-Bone. This confirmed our expectations of the
potential for the first standard software for economically or technically
required adaptations of SAP landscapes and encouraged us to force ahead
with investments in personnel and marketing. Even though this had an
impact on the operational result for the year, we have now built the basis
for dynamic revenue and profitability growth for the future. Winning
T-Systems International GmbH as a further international sales and
implementation partner was an additional important success on this road.–

–The strong increase in revenues for the business segment Software during
the second half of 2010 and which came in above our own expectations for
the full year, further validated our chosen strategic direction.–

During 2010, SNP has increased its number of employees by 17% to 170 (as of
December 31) and has managed to benefit from the, especially at the start
of 2010, favourable situation on the labour market in order to increase the
internal capacity. As a general rule of thumb, it takes a new consultant
six to nine months to reach productivity. At the same time, the necessity
for experienced employees to assist in this process has a negative impact
on their own productivity.–

Dr. Andreas Schneider-Neureither, CEO for SNP AG, stated,–Even though all
growth for 2010 came from the business segment Software, the outlook for
2011 for both Consulting and Software is very positive. With the
strengthening of our personnel base, we now have the capacity to benefit
even better from the opportunities in the market. We therefore anticipate
an accelerated revenue growth for 2011 for both segments. Our objective
for the year is to improve our positioning outside Germany. To achieve
this, we will increase the functionality of SNP T-Bone.
Internationalisation and Innovation are therefore major topics for 2011 and
will be important drivers of growth.

The full results for 2010 will be published in the annual report on of
March 29, 2011.

About SNP
SNP is a leading provider of software and software-related-services for
transformations of SAP systems required in the wake of mergers and
acquisitions, splits, harmonizations, or system upgrades. For these
transformations of a company–s IT processes, SNP offers SNP Transformation
Backbone(R) (SNP T-Bone), the world–s first standardized software that
automates and comprehensively supports transformations of SAP solutions.
SNP also uses this software for its unique consulting approach, Business
Landscape Transformation(R), which supports companies to successfully
transform IT according to business changes.

In addition to its focus on transformation, SNP offers solutions for
management of IT system landscapes. With its consulting approach, Business
Landscape Management, SNP supports companies in optimizing the service and
support processes of their SAP system landscapes.

SNP was founded in 1994 and currently employs approximately 170 employees
at five locations in Germany, Austria and Switzerland. SNP serves
international and national clients and has the experience of more than
1,200 successfully completed projects. In fiscal year 2010, SNP AG achieved
a turnover of EUR22 million. The company is listed on the General Standard
of the Frankfurt Stock Exchange.

For more information please visit www.snp-ag.com/en

Contact for investors, shareholders and the media:

Petra Neureither, CFO, Member of the Executive Board
SNP Schneider-Neureither&Partner AG
Phone : +49 6221 6425-616
Fax: +49 6221 6425-20
Email: investor.relations@snp-ag.com

Ende der Corporate News

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31.01.2011 Veröffentlichung einer Corporate News/Finanznachricht,übermittelt durch die DGAP – ein Unternehmen der EquityStory AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber
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Sprache: Deutsch
Unternehmen: SNP Schneider-Neureither&Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Deutschland
Telefon: 06221-6425-120
Fax: 06221-6425-20
E-Mail: investor.relations@snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Börsen: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Hamburg, Stuttgart

Ende der Mitteilung DGAP News-Service
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