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8/8/2024  |  3min

SNP reports record Q2 2024 results driven by strong partner business and software sales

Heidelberg, Germany, August 8, 2024 – SNP Schneider-Neureither & Partner SE, a leading global provider of software for digital transformation, automated data migration and data management in the SAP environment, today published its half-year report for the 2024 financial year. After a very good start to the year in the first quarter, the company was also able to capitalize on the momentum in the second quarter and achieved record figures across all key financial metrics. Key drivers of the successful business development were the strong partner business and increased software sales. Revenue was up 28% to € 62.0 million, and EBIT improved from € 1.0 million to € 8.4 million. The EBIT margin increased accordingly by 11.5 percentage points to 13.6%. Supported by several new major client wins, order entry reached € 74.1 million (+45% compared to Q2 2023).

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