SNP Schneider-Neureither & Partner SE raises 2024 forecast

HEIDELBERG - SNP Schneider-Neureither & Partner SE (ISIN: DE0007203705), a German software company, has updated its financial forecast for the full year of 2024, signaling a more optimistic outlook than previously anticipated. The announcement, made today, comes after a robust performance in the third quarter and sustained market momentum.

The company now expects its full-year revenue to be in the range of €240 million to €250 million, an increase from the prior guidance of €225 million to €240 million. Additionally, the forecast for earnings before interest and taxes (EBIT) has been revised upward, with projections now set between €21 million and €25 million, compared to the earlier range of €16 million to €20 million.

SNP's projection of a book-to-bill ratio greater than one remains unchanged, indicating a healthy balance between order intake and sales revenue, a positive sign for the company's future revenue streams.

This revised guidance reflects the company's confidence in its ongoing business operations and the demand for its software solutions. It is important to note that the information presented in this article is based on a press release statement from SNP Schneider-Neureither & Partner SE.

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Source: Investing.com