SNP Schneider-Neureither & Partner (SHF) Q1 2025 earnings summary

Executive summary

• Achieved strong Q1 2025 growth: order entry up 25% to €75.4 million, revenue up 23% to €66.5 million, EBIT up 97% to €7.9 million, and operating cash flow up 46% year-over-year.

• EBIT margin rose to 11.9% from 7.4% year-over-year, with net income doubling to €4.9 million and EPS up 97% to €0.67.

• Closed Carlyle acquisition in April, supporting long-term growth, international expansion, and M&A flexibility.

• Guidance for 2025 confirmed: revenue €270–280 million, EBIT €30–34 million, book-to-bill ratio above one.

• Cash and cash equivalents increased to €84.1 million, reflecting strong operating cash flow.

Financial highlights

• Q1 2025 revenue reached €66.5 million (+23% YoY); EBIT €7.9 million (+97% YoY); net income €4.9 million (+100% YoY); EBITDA €10.5 million (+61% YoY); gross profit €60.8 million (+25% YoY).

• Operating cash flow improved to €15.0 million (+46% YoY); free cash flow stable at €13.3 million.

• Gross profit margin increased to 91.4% (+1.0pp YoY); EBIT margin 11.9% (+4.5pp YoY); EBITDA margin 15.8% (+3.7pp YoY).

• Personnel expenses rose 17% YoY due to higher headcount and salary increases.

• Cash and cash equivalents increased to €84.1 million, mainly from positive net income and operating cash flow.

Outlook and guidance

• 2025 guidance confirmed: revenue €270–280 million, EBIT €30–34 million, book-to-bill ratio above one.

• Order entry expected to remain strong, supported by international expansion and strategic partnerships.

• Strong pipeline and positive momentum expected to continue, especially in software and partner ecosystem.