Report
Ahmed Ouni

SNP Schneider-Neureither & Partner SE : Adjusting estimates and TP for software mix and capital increase; medium-term prospects remain bright; EV/sales now at lower end of historic range

>20% capital increase to significantly relax debt situation - SNP’s capital increase is currently in the final days of the subscription period that began on 29 November 2018 and ends on 13 December 2018. Its share capital will increase by 20% against cash contributions to a total of € 6,602,447 through the issuance of 1,127,984 newly issued ordinary bearer shares. The subscription price is set at € 16.60, pointing to net cash proceeds of c.€ 16.7m (equating to 33% of ...
Underlying
Schneider Neureither & Partner AG

SNP Schneider Neureither & Partner SE Formerly known as SNP Schneider-Neureither & Partner AG. SNP Schneider Neureither & Partner SE is a Germany-based company specialized in the Information Technology (IT) Services. The Company has two operational segments: Professional Services, which offers consultancy and training services and Software that provides sale of software and maintenance contracts. It offers software and software-related services for the transformation of IT systems, as well as the optimization of service and support processes. The transformation platform is based on the experience of the more than 1,500 projects. The Company's core products include SNP Business Landscape Management (BLM SNP), which structures the consultation process with standardized modules; SNP Dragoman that automates and simplifies the entire translation process; SNP Transformation Backbone that supports SAP System Transformation, as well as Business Landscape Transformation (BLT). The Company provides services to globally operating corporations in the fields of industry, finance and service.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ouni

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