Studies
Fiscal Year 2009
Higher Fair Value after Margin Increase
SNP is showing strength despite the dificult economic enviroment. The compoany has thus been able to follow up on the recorde sales of the prior year and is even going to exceed the excellenmt EBOT margin of the prior year (21.3%).
Continuing High Margins, T-Bone Launches Next Phase of Growth
With a Second quarter EBIT margin of 20% (1/2 Yr; 18.5%), SNP has exceeded the estimates of BankM. Quarterly sales were, also, slightly higher than expected with € 5 million.
Rise in License Sales Convincing
While sales in the first quarter stayed constant at € 4.5 million compared to the same period last year, growth in the high margin License and Maintenance revenues, to € 1 million, an increase of +67%, holds great promise.
Stability in Times of Crisis
After reaching a record result in 2008, SNP is expected, on account of the robust growth in the SAP Change market, to meet the strong results of last year, again, in 2009.
Info Analysis 2009
With the reported preliminary figures of EBIT € 4.3 million, SNP has significantly exceeded our previous expectations of € 3.84 million.
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