Edison Investment Research - SNP Schneider-Neureither Partner (SHF) Update: New growth strategy is taking effect

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Edison Investment Research

Update: New growth strategy is taking effect

Q2 organic growth was a hefty 68%, up sharply from 18% in Q1, as SNP extended its rebound from the FY13 low-point. The group has been experiencing strong demand for its business transformation consulting services and related software and utilisation rates remain very high. The Q2 operational highlight was an extensive co-operation agreement with SAP which we believe will help to drive growth. Given the strong Q2 growth and healthy pipeline, we have upgraded our forecasts, which leave the shares looking very attractive on c 10x our FY17 earnings.

24/08/2015 7 EN

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SNP Schneider-Neureither & Partner

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Germany

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: New growth strategy is taking effect

SNP Schneider-Neureither & Partner - New $4.5m contract win in North America

SNP Schneider-Neureither & Partner - Focusing on organic growth

Update: Raising â‚¬29m (net) funds for growth

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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