Edison Investment Research - SNP Schneider-Neureither Partner (SHF) Update: Q1 organic growth was 30%

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Edison Investment Research

Update: Q1 organic growth was 30%

Business activity remained robust at SNP in Q1, as revenue jumped 52% to â‚¬18.5m, including 30% organic growth and an initial â‚¬2.6m contribution from the acquired Astrums and Hartung businesses, which were consolidated from the beginning of January. Q1 bookings were very healthy at â‚¬26.2m, representing 1.42x Q1 revenues, while the backlog lifted by 52% to â‚¬28.7m. Given the buoyant backdrop, we continue to believe the shares look attractive trading on c 18x our maintained FY17 earnings.

04/05/2016 3 EN

Underlying

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: Q1 organic growth was 30%

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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