SNP AG raises revenue and earnings target
SNP Schneider-Neureither & Partner AG / Key word(s): Change in Forecast/Forecast
14.12.2015 10:20
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SNP | Ad hoc disclosure in accordance with section 15(1) of the German
Securities Trading Act (WpHG)
SNP AG raises revenue and earnings target
Heidelberg, 14 December 2015 - In light of the positive course of business
in the first nine months of 2015 and a continued good order situation in
the fourth quarter to date, the Executive Board of SNP Schneider-Neureither
& Partner AG ((German Securities Identification Number: 720370) has once
again raised its revenue and earnings target for the current financial
year. The new revenue forecast anticipates revenue of around EUR56 million
(previously between EUR51 million and EUR53 million). The EBIT margin is
expected to be in the upper-single digit range at approximately 8%;
previously, an EBIT margin of at least 6% had been forecast.
Revenue expectations for the 2015 financial year had been raised to between
EUR51 million and EUR53 million already at the start of October (previously
between EUR47 million and EUR49 million). The higher revenue expectations
were attributable to the very strong order situation and the increase in
project volumes.
The provisional figures for the 2015 financial year will be published on 29
January 2016.
About SNP
Digital transformation and the ability to respond quickly to changes in the
business environment are today crucial factors in competitions across all
sectors. SNP AG helps companies to consolidate their IT landscapes and to
adapt to new general conditions quickly and economically. SNP sees itself
as a catalyst and accelerator of digital transformation. In SNP
Transformation Backbone(R), SNP provides the world's first standard
software for the automated analysis and standardised implementation of
changes in IT systems. It is based on the experience that SNP has gathered
from more than 4,000 projects worldwide with its software-based services
for Business Landscape Transformation.
SNP AG employs around 380 people in Europe and the United States, around
250 of whom in Germany. The company, which is headquartered in Heidelberg,
generated revenue of EUR around 31 million in 2014. Its customers are
global corporations operating in industry, the finance sector, service
sectors as well as the commercial and health sectors. SNP AG was founded in
1994 and has been listed since 2000. It was admitted to the Prime Standard
of the Frankfurt Stock Exchange (ISIN DE0007203705) in August 2014.
You can find more information at: www.snp-ag.com
Investor relations contact:
Marcel Wiskow
Tel.: +49 6221 6425-637
Fax: +49 6221 6425-470
E-mail: investor.relations@snp-ag.com
http://www.snp-ag.com/de/Investor-Relations/
14.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SNP Schneider-Neureither & Partner AG
Dossenheimer Landstraße 100
69121 Heidelberg
Germany
Phone: +49 6221 6425 637
Fax: +49 6221 6425 470
E-mail: investor.relations@snp-ag.com
Internet: www.snp-ag.com
ISIN: DE0007203705
WKN: 720370
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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