EQS-News: SNP reports strong full-year top line growth and significant improvements in earnings and cash flow
Source: EQS
CORPORATE NEWS SNP reports strong full-year top line growth and significant improvements in earnings and cash flow
Heidelberg, According to the preliminary and unaudited figures for the fiscal year 2023, the company expects order entry of around Group revenue will be in line with the most recent forecast despite the significant negative effects of highly volatile exchange rates in The operating result (EBIT) is expected to be around Operating cash flow improved significantly to around Jens Amail, CEO of SNP, comments that “2023 was a successful year for SNP. More and more customers and partners put their trust in our solutions, and thanks to the incredible work of our global team we made strong operational progress in all critical areas. Global market leaders like E.ON, TE Connectivity and Würth decided to strategically partner with SNP. The software share of our business increased, our ecosystem is thriving and we show strong growth in our international markets. In addition, I am particularly pleased with the results we have achieved in earnings and operating cash flow, in spite of currency headwind and other one-off effects. Based on this foundation we will continue to execute our operational plan to address the high demand we see in the market, and we optimistically look into 2024 and beyond.” The figures are based on preliminary and unaudited Group figures. The company will publish the audited annual financial statements and a forecast for the current fiscal year on
SNP (ticker: SHF.DE) helps companies worldwide to unlock the full potential of their data and shape their own tailored journey towards a digital future. SNP’s Data Excellence Platform CrystalBridge and the BLUEFIELD approach have set a comprehensive industry standard for restructuring and modernizing SAP systems faster and more securely while harnessing data-driven innovations in the cloud. The company works with more than 3,000 customers of all sizes and in all industries worldwide, including 20 of the DAX 40 and 103 of the Fortune 500. More information is available at www.snpgroup.com
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Language: | English |
Company: | |
Speyerer Str. 4 | |
69115 Heidelberg | |
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 |
EQS News ID: | 1826439 |
End of News |
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1826439 31.01.2024 CET/CEST