Edison Investment Research - SNP Schneider-Neureither Partner (SHF) Update: Strong Q4 trading prompts another upgrade

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Edison Investment Research

Update: Strong Q4 trading prompts another upgrade

SNP Schneider-Neureither & Partner (SNP) has announced that, due to continued healthy business activity in Q4, it has again raised guidance for FY15. Consequently, we have raised our EPS forecasts by 24% in FY15, by 5% in FY16 and by 2% in FY17. These numbers are before the inclusion of Astrums, the fast-growing, Singapore-based consulting and IT services company, which SNP announced it intended to acquire earlier this month. Given the continuing high level of activity, we believe the shares remain attractive on c 16x our FY17e earnings.

15/12/2015 3 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: Strong Q4 trading prompts another upgrade

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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