SNP Schneider-Neureither & Partner SE : Soft H1 2019 results, but strong order intake points to H2 recovery; 2019 guidance reiterated
>H1 2019 still hampered by low utilisation levels - SNP Schneider-Neureither & Partner SE (SNP) released soft H1 2019 sales and earnings figures roughly in line with our estimates, but strong order entry and the order backlog indicates the company is headed for a very strong recovery in H2. H1 group revenue, at € 58.9m, was roughly in line with our estimate and was down 9.5% yoy. According to management, this decline was mainly attributable to its services segment, w...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.
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.
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