Today SNP released its Q119 results, revealing a decrease in sales from €31.6m to €28.8m due to subdued order intake in the first two months of 2019, according to the company. In the period, personnel costs decreased by €0.9m to €20.5m because of restructuring measures. EBITDA stood at negative €1.3m versus negative €1.4m in Q118.
SNP highlights that its incoming orders improved in March 2019 but at €38.9m they were still below the previous year’s figure. As a result, order backlog at the end of Q119 was €49.0m, compared with €56.3m as at 31 December 2018. However, in Q119 the company achieved a 21% increase in order entries in its core DACH region to €18.2m.
SNP anticipates that, like in previous years, its performance will be stronger in H219. The company confirmed its FY19 guidance set earlier this year, with sales of €145-150m and EBIT margin in the low to mid-single digit percentage range.