SNP Schneider-Neureither & Partner AG / Key word(s): Preliminary
Results/Acquisition
30.01.2015 14:33
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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SNP | Ad hoc disclosure as per section 15(1) WpHG
SNP AG presents provisional figures for 2014 and finalises company
acquisition
- Provisional figures for 2014: revenue and earnings forecast confirmed
- Record revenue in fourth quarter
- SNP AG acquires 74.9% interest in RSP Reinhard Salaske & Partner
Unternehmensberatung GmbH
Heidelberg / Wiehl, 30 January 2015 - SNP Schneider-Neureither & Partner AG
has achieved its revenue and earnings targets for the 2014 financial year.
According to the provisional figures, total revenue climbed by around 30%
from EUR 23.5 million in the previous year to EUR 30.5 million. An
operating result of approximately EUR 1.4 million (previous year: EUR -2.7
million) was achieved despite the high investments SNP had made in future
growth. The EBIT margin therefore amounted to around 4.5%.
With economic effect from 1 January 2015, SNP AG acquired a 74.9% interest
in RSP Reinhard Salaske & Partner Unternehmensberatung GmbH (referred to
hereinafter as "RSP GmbH"). The remaining 25.1% share in the company will
be acquired by SNP AG with economic effect from 1 January 2018. The total
purchase price for the interest in the IT service provider and management
consultancy firm, headquartered in Wiehl near Cologne, is in the
mid-to-high seven figures. The purchase agreement was concluded today. The
acquisition is to be financed mostly with debt. Even after the acquisition,
SNP AG still has an extremely solid financial structure.
Dr. Andreas Schneider-Neureither, CEO of SNP Schneider-Neureither & Partner
AG, comments: "In 2014 we proved the strength of our business model. SNP is
growing strongly and sustainably. Not least with acquisitions such as RSP
GmbH, we are creating the right conditions for further growth."
Extending the value chain
RSP GmbH advises and supports companies from all different sectors with SAP
introduction projects and with optimising their business processes through
the use of suitable IT systems and applications. The interest will enable
SNP AG to expand its range of strategy- and process-related consultancy
services, while also significantly extending its value chain in the company
transformation market. RSP GmbH expects to generate total revenue of
approximately EUR 11 million in the 2014 financial year. The IT service
provider and management consultancy firm, which has been operating on the
market for over 20 years, currently has around 70 permanent employees and
an attractive customer list consisting of large and medium-sized companies
from a wide range of sectors.
Q4 2014: quarter with the highest revenue in the company's history
In the past financial year, SNP AG made targeted investments in further
consulting, development and sales capacity. Despite these growth
investments, based on the provisional figures SNP anticipates an operating
result (EBIT) of approximately EUR 1.4 million and consequently an EBIT
margin of approximately 4.5%. Total revenue will climb by around 30% from
EUR 23.5 million in the previous year to EUR 30.5 million. In the fourth
quarter alone, revenue of EUR 8.0 million was generated, making this the
quarter with the highest revenue to date in the company's 20-year history.
Both of SNP's business segments contributed to this positive overall
performance: SNP's Software segment (licence and maintenance revenue)
generated revenue of EUR 7.7 million in the past financial year. This
corresponds to a year-on-year increase of around 60% (previous year: EUR
4.8 million). In turn, the Professional Services segment contributed EUR
22.8 million to total revenue of EUR 30.5 million in the reporting period,
corresponding to a share of around 75%.
"The confirmation of our revenue and earnings forecasts is primarily
attributable to our corporate and growth strategy, which was adjusted last
year and on the basis of which we ultimately returned to profitability,"
comments Jörg VierfuÃ, CFO of SNP AG.
The complete annual report will be published on 2 April 2015 and will be
available for inspection on the company's website at www.snp-ag.com under
Investor Relations/Financial Reports.
About SNP
SNP AG helps companies react rapidly to changes in their business
environment. The solution SNP Transformation Backbone(R) enables companies
to adapt their IT landscape more quickly and economically to changing
market conditions. SNP Transformation Backbone is the world's first
standard software solution that automatically analyses changes in IT
systems and implements them in a standardised way. The solution is based on
the experience SNP AG has gained in more than 2,500 projects worldwide with
its software-related services for Business Landscape Transformation(R).
Around 280 employees in Europe, South Africa and the USA achieved sales of
around EUR 31 million in 2014. Headquarters of the company founded in 1994
is Heidelberg. SNP AG went public in 2000 and has been listed in the Prime
Standard segment of the Frankfurt Stock Exchange (ISIN DE0007203705) since
August 2014.
For further information: www.snp-ag.com
Contact for Investor Relations:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: investor.relations@snp-ag.com
30.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer LandstraÃe 100
69121 Heidelberg
Germany
Phone: 06221-6425-111
Fax: 06221-6425-20
E-mail: investor.relations@snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Berlin - Tradegate Exchange, Düsseldorf, Hamburg,
München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: SNP AG presents provisional figures for 2014 and finalises company acquisition
| Source: EQS Group AG