SNP Schneider-Neureither & Partner (SHF) Q4 2024 earnings summary

Executive summary

• Achieved the best year in company history with record revenue, profitability, and cash flow, supported by strong execution of strategic levers, international expansion, and record order entry of €310.6m (+17%) and group revenue of €254.8m (+25%) for FY 2024.

• EBIT rose to €28.6m (margin 11.2%), up from €11.1m (5.5%) in 2023; net income increased 243% to €20.1m.

• Operating cash flow improved to €40.8m (2023: €12.5m); cash & cash equivalents at year-end stood at €73m.

• Partner business accounted for 46% of order entry, with significant progress in partner business, international markets, and strategic clarity.

• Carlyle now holds 78% of shares after takeover offer.

Financial highlights

• Revenue increased by €51.4m year-over-year, with FY 2024 revenue at €254.8m (+25% YoY).

• EBIT reached €28.6m (+157% YoY); EBIT margin improved from 5.5% to 11.2%.

• Operating cash flow rose to €40.8m, up from €12.5m the previous year.

• Free cash flow surged to €36.2m (2023: €11.2m); order backlog increased 28% to €236.7m.

• Equity ratio improved to 44.1%.

Outlook and guidance

• Revenue guidance for 2025 set at €270–280m, reflecting 8–10% growth, with EBIT guidance of €30–34m.

• EBIT margin expected to improve by one percentage point, targeting 12% at the midpoint.

• Book-to-bill ratio expected to remain above 1, with seasonality and pipeline dynamics expected to mirror previous years.