For Q1, SNP reported revenue growth of almost 50% to €8.0 million, for which both segments were responsible. EBIT amounted to €0.7 million (Q1 13: €-0.8 million). Read more
Strong Q1 sales growth of 48% yoy to € 8.0m clearly beat our expectations of € 6.2m: Main driver was the excellent performance of the software segment which rose by 119% yoy to € 2.5m (eH&A: € 1.5m). Read more
We attended a conference where SNP presented itself to prospective clients supported by guest performances from partner accenture and software customer E.ON. The conference made a positive impression... Read more
The figures for 2013 were characterised by a marked decline in sales, although SNP (ISIN DE0007203705, General Standard, SHF GY) did achieve a trend turnaround in the final quarter. Taking assurance... Read more
SNP released final Q4 figures yesterday. Prelims for sales and EBIT had already been reported earlier: The Q4 operating performance (see next page) shows that SNP is back on the growth path following... Read more
While SNP’s preliminary Q4 results came in below expectations reflecting still long software sales cycles, the company managed to return to growth recording 20% yoy sales growth to € 7.5m in Q4. Read more
The decline in annual sales (€23.4 million; -14%) hides the fact that in Q4 (the first time in the reporting year), SNP (ISIN DE0007203705, General Standard, SHF GY) once again experienced growth... Read more
SNP is currently in a restructuring phase, the outcome of which will only become fully known in 2014; this should be the focus of future attention. However, the quarterly figures, which are in line... Read more
Q3 results were in-line with expectations. Even without any major software deals realised, SNP achieved a sequential improvement in operating performance vs. Q2 ’13: Sales rose by 15% qoq to € 5.6m... Read more
Q3 to be released on Monday is expected to be an uninspiring quarter with negative sales growth and still negative EBIT. However, when compared to Q2 '13, sales and EBIT are seen to improve qoq given... Read more
In our opinion, the asset deal acquisition of GL Consulting, Inc. (‘GL Associates’), a specialist in Oracle ERP solutions, is a clever strategic move on the part of SNP AG given that GL has its own... Read more
SNP has announced the acquisition of US company GL Consulting in an asset deal. The target focuses on the transformation of Oracle ERP systems. Apart from a regular consulting business (i.e. a manual... Read more
The final half-year figures have confirmed the profit warning from early July. Sales for the half year at € 10.28 million were 24.5% below the previous year with EBIT at € -2.33 million (H1 2012: €... Read more
The company continues to push for various changes to improve deal execution including an optimisation of the sales team and implementing extensive sales training. We continue to expect that H1 has... Read more
Discussions during the roadshow underpinned that SNP's competitive quality is intact: Its transformation software is unique (i.e. most rivals transform "by hand") AND best-in-class offering customers... Read more